SOURCE OF INFORMATION : SECURITIES AND EXCHANGE BOARD OF INDIA WEBSITE � PRESS RELEASES/ CHAIRMAN�S AND MEMBER�S ORDERS / AO ORDERS/ SAT ORDERS/ NEWSPAPER ADS
UPDATED TILL : 04-NOV-2026

NAMES IN BROWN COLOUR
Names of entities/persons in brown colour denote that the regulatory order is not against them but their names have been mentioned only for association purposes.

PERSONS: VIOLATED SEBI (PROHIBITION OF INSIDER TRADING) REGULATIONS, 1992

S.No.

PERSON

ENTITY

REGULATORY CHARGES

REGULATORY ACTION(S) / DATE OF ORDER

FURTHER DEVELOPMENTS

261

BANKIM PATEL

OFF-LOADED SHARES IN OFF-MARKET PRIOR TO PUBLIC ANNOUNCEMENTS IN MATTER OF BAFFIN ENGINEERING PROJECTS LTD.

DID NOT MAKE DISCLOSURE OF SHAREHOLDING/CHANGES IN SHAREHOLDING TO COMPANY AS REQUIRED UNDER REGULATION 13(4) READ WITH 13(5) OF SEBI (PROHIBITION OF INSIDER TRADING) REGULATIONS, 1992 IN MATTER OF BAFFIN ENGINEERING PROJECTS LTD.

IMPOSED PENALTY RS.6,50,000

10-MAR-2011

SEBI VIDE ITS NOTICE DATED 31/12/2014 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS EITHER SINGLY OR JOINTLY WITH ANY PERSON/S AND ALL OTHER AMOUNT/PROCEEDS DUE OR MAY BECOME DUE OR ANY MONEY HELD OR MAY SUBSEQUENTLY HOLD FOR ON ACCOUNT OF THE DEFAULTERS AND 2. NOT TO DEBIT ANY AMOUNT IN THE SAID ACCOUNT/S.HOWEVER CREDITS, IF ANY, INTO THE ACCOUNT MAY BE ALLOWED

INCLUDED IN SEBI LIST DATED 31/12/2017, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI

262

BASANT MALPANI

(PAN:AFXPM3407M)

AIDED AND ABETTED PROMOTERS AND PAC IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF GUJARAT ARTH LTD.

DID NOT FURNISH INFORMATION IN RESPONSE TO SUMMONS ISSUED IN MATTER OF GUJARAT ARTH LTD.

DID NOT MAKE DISCLOSURE OF SHAREHOLDING/CHANGES IN SHAREHOLDING TO COMPANY AND STOCK EXCHANGES AS REQUIRED UNDER REGULATION 7(1) READ WITH 7(2) OF SEBI TAKEOVER CODE, 1997 IN MATTER OF GUJARAT ARTH LTD.

DID NOT MAKE DISCLOSURE OF SHAREHOLDING/CHANGES IN SHAREHOLDING TO COMPANY AS REQUIRED UNDER REGULATION 13(1) OF SEBI (PROHIBITION OF INSIDER TRADING) REGULATIONS, 1992 IN MATTER OF GUJARAT ARTH LTD.

IMPOSED PENALTY RS.35,00,000

09-FEB-2015

SAT: SAT VIDE ITS ORDER DATED 19/07/2016 CONDONED THE DELAY IN REPLY. NO COSTS. SAT VIDE ITS ORDER DATED 19/07/2016 QUASHED AND SET ASIDED IMPUGNED ORDER AND RESTORED TO THE FILE OF AO TO PASS FRESH ORDERS ON MERITS AND IN ACCORDANCE WITH LAW. NO COSTS

SEBI VIDE ITS ORDER DATED 24/03/2021 RE-IMPOSED PENALTY OF RS.20 LACS U/S 15HA, RS.10 LACS U/S 15A(B) AND RS.1.00 CRORE U/S 15A(A) OF SEBI ACT

SAT: SAT VIDE ITS ORDER DATED 14/07/2021 ALLOWED RESPONDENT TWO WEEKS TO FILE REPLY AND APPELLANT TO FILE REJOINDER TWO WEEKS THEREAFTER

SAT: SAT VIDE ITS ORDER DATED 25/08/2021 ALLOWED APPELLANT THREE WEEKS FURTHER TIME TO FILE REJOINDER

SAT VIDE ITS ORDER DATED 16/11/2022 PARTLY ALLOWED THE APPEAL AND SET ASIDE THE IMPUGNED ORDER BY REDUCING THE PENALTY AMOUNT RS.5 LAC FROM RS.1 CRORE U/S 15A(A) OF SEBI ACT.

SEBI VIDE ITS NOTICE DATED 28/03/2023 DIRECTED TO PAY RS.43,76,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE

SEBI VIDE ITS ORDER DATED 19/01/2024 COMPLETED OF RECOVERY CERTIFICATE PAYMENT OF AMOUNT DUE UNDER CERTIFICATE NO.6366 OF 2023 DATED 28/03/2023

263

BETULLAKHAN ASDULLAKHAN PATHAN

(PAN:ABKPB6908R)

DID NOT MAKE DISCLOSURE OF SHAREHOLDING/CHANGES IN SHAREHOLDING TO BOMBAY STOCK EXCHANGES AS REQUIRED UNDER SEBI TAKEOVER CODE, 1997 IN MATTER OF ALKA SECURITES LTD.

DID NOT MAKE DISCLOSURE OF DILUTION OF SHAREHOLDING AS REQUIRED UNDER SEBI (PROHIBITION OF INSIDER TRADING) REGULATIONS, 1992 IN MATTER OF ALKA SECURITES LTD.

INDULGED IN CREATION OF ARTIFICIAL MARKET THROUGH OFF-MARKET TRANSACTIONS IN SCRIP OF ALKA SECURITIES LTD.

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 28-JUL-2009 TILL FURTHERS ORDERS

DIRECTED NSDL AND CDSL TO FREEZE BENEFICIAL OWNER ACCOUNTS OF PERSONS/ENTITIES

28-JUL-2009

EX-PARTE INTERIM ORDER DATED 28/07/2009 CONFIRMED

SEBI VIDE ITS ORDER DATED 10/09/2012 REVOKED DIRECTIONS ISSUED VIDE ITS AD INTERIM EX-PARTE ORDER DATED 28/07/2009 AND CONFIRMATORY ORDER DATED 30/10/2009 WITH IMMEDIATE EFFECT

264

BHANUMATI PATEL

(PAN:AESPP3426P)

265

BHANWAR LAL CHOPRA

(PAN:AAAHC6000Q)