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 : 02-MAR-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 LISTING AGREEMENT

S.No.

PERSON

ENTITY

REGULATORY CHARGES

REGULATORY ACTION(S) / DATE OF ORDER

FURTHER DEVELOPMENTS

281

KISHORE RAJARAM CHHABRIA

DID NOT ADHERE TO LISTING AGREEMENT

DID NOT ADHERE TO SEBI TAKEOVER REGULATIONS, 1997

DIRECTED TO DISINVEST SHARES IN TARGET COMPANY

LAUNCHED ADJUDICATION PROCEEDINGS

19-FEB-2002

SAT: ORDER AS MODIFIED UPHELD

MATTER HAS BEEN SETTLED VIDE SUPREME COURT ORDER DATED 07/03/2005 IN TERMS OF THE CONSENT SETTLED BETWEEN THE PARTIES

282

KOKA BALAKRISHNA RAO

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KAMAKSHI HOUSING FINANCE LTD.

DID NOT ADHERE TO LISTING AGREEMENT

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 17-DEC-1999 TO 16-DEC-2004

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 17-DEC-1999 TO 16-DEC-2004

17-DEC-1999

283

KRISHNA CHANDRA TAWANI

ADVANCE BIO-COAL (INDIA) LTD.

DID NOT ADHERE TO LISTING AGREEMENT

284

KRISHNA KUMAR GARG

SURAJ STONE CORP.LTD.

CIN:L14106KA1992PLC012988
PAN:AACCS9674F

DID NOT ADHERE TO LISTING AGREEMENT

COMPANY WAS NOT LOCATED AT ITS REGISTERED OFFICE ADDRESS

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 03-FEB-2000 TO 02-FEB-2005

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 03-FEB-2000 TO 02-FEB-2005

03-FEB-2000

285

KRISHNA UDUPA

(PAN:AABPU0478R)

SURANA INDUSTRIES LTD.

PAN:AAACS3123M

MADE CORPORATE ANNOUNCEMENTS REGARDING PREFERENTIAL ALLOTMENTS AND THERAFTER DEFERRING/DROPPING AGENDA ITEMS RELATING TO SUCH ALLOTMENTS IN MATTER OF SURANA INDUSTRIES LTD.

DELAY IN DISSEMINATION OF PRICE SENSITIVE INFORMATION TO STOCK EXCHANGES RELATED TO PREFERENTIAL ALLOTMENT VIOLATING REGULATION 12(2) & (3) READ WITH CLAUSE 2.1 OF SCHEDULE II OF SEBI (PROHIBITION OF INSIDER TRADING) REGULATIONS, 1992 IN MATTER OF SURANA INDUSTRIES LTD.

DELAY IN SENDING INTIMATION OF CLOSURE OF BOARD MEETING TO STOCK EXCHANGES VIOLATING PROVISIONS OF CLAUSE 22(A) OF LISTING AGREEMENT READ WITH SECTION 21 OF SCRA, 1956

IMPOSED PENALTY RS.10,00,000 ALONG WITH OTHER ENTITIES/PERSONS

26-SEP-2014

SAT: SAT VIDE ITS ORDER DATED 25/08/2015 ALLOWED THE APPELLANTS TO WITHDRAWN THE APPEAL AS ALSO MISC. APPLICATION WITH LIBERTY TO FILE FRESH APPEAL WITHIN A PERIOD OF FOUR WEEKS FROM THE DATE OF THIS ORDER

SAT: SAT VIDE ITS ORDER DATED 28/04/2016 ALLOWED APPEAL TO BE WITHDRAWN AND DIRECTED APPELLANTS TO PAY PENALTY IMPOSED IN IMPUGNED UNDER THE ORDER IMPUGNED IN THE APPEAL WITHIN THREE MONTHS FROM THE DATE OF THIS ORDER. NO COSTS

286

KRISHNAVADAN R.DESAI

AMBUJA ZINC LTD.

DECLARED AS A VANISHING COMPANY

DID NOT ADHERE TO LISTING AGREEMENT

COMPANY WAS NOT LOCATED AT ITS REGISTERED OFFICE ADDRESS

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 27-SEP-2002 TO 26-SEP-2007

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 27-SEP-2002 TO 26-SEP-2007

PROHIBITED PUBLIC COMPANIES IN WHICH THIS DIRECTOR HAS CONTROLLING/SUBSTANTIAL INTEREST TO RAISE FUNDS FROM CAPITAL MARKET FROM 27-SEP-2002 TO 26-SEP-2007

27-SEP-2002

287

KUSHAL KUMAR KANKARIA

CANARA CREDIT LTD.

DID NOT ADHERE TO LISTING AGREEMENT

COMPANY WAS NOT LOCATED AT ITS REGISTERED OFFICE ADDRESS

288

KUSHALRAJ P.MEHTA

REALTIME FINLEASE LTD.

CIN:L65990MH1991PLC062703

DID NOT ADHERE TO LISTING AGREEMENT

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 19-JUL-1999 TO 18-JUL-2004

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 19-JUL-1999 TO 18-JUL-2004

19-JUL-1999

289

L.B.C.PRABHA

SOUTHERN HERBALS LTD.

DID NOT ADHERE TO LISTING AGREEMENT

COMPANY WAS NOT LOCATED AT ITS REGISTERED OFFICE ADDRESS

290

LAKSHMI KUMAR BAHETI

SAKET EXTRUSION LTD.

DECLARED AS A VANISHING COMPANY

DID NOT ADHERE TO LISTING AGREEMENT

COMPANY WAS NOT LOCATED AT ITS REGISTERED OFFICE ADDRESS

291

LALAN KUMAR JHA

CILSON FINANCE & INVESTMENT LTD.

DECLARED AS A VANISHING COMPANY

DID NOT ADHERE TO LISTING AGREEMENT

COMPANY WAS NOT LOCATED AT ITS REGISTERED OFFICE ADDRESS

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 27-DEC-2002 TO 26-DEC-2007

PROHIBITED PUBLIC COMPANIES IN WHICH THIS DIRECTOR HAS CONTROLLING/SUBSTANTIAL INTEREST TO RAISE FUNDS FROM CAPITAL MARKET FROM 27-DEC-2002 TO 26-DEC-2007

27-DEC-2002

292

LALAN KUMAR JHA

CILSON FINANCE & INVESTMENT LTD.

DID NOT ADHERE TO LISTING AGREEMENT

293

LALAN KUMAR JHA

CILSON ORGANICS LTD.

DECLARED AS A VANISHING COMPANY

DID NOT ADHERE TO LISTING AGREEMENT

DID NOT SUBMIT STATUTORY REPORTS, DIRECTORS REPORTS AND OTHER INFORMATION TO STOCK EXCHANGE

DID NOT FURNISH FINANCIAL RESULTS INCLUDING CASH FLOW STATEMENTS, BALANCE SHEET AND PROFIT & LOSS ACCOUNT TO STOCK EXCHANGE

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 25-SEP-2003 TO 24-SEP-2008

PROHIBITED PUBLIC COMPANIES IN WHICH THIS DIRECTOR HAS CONTROLLING/SUBSTANTIAL INTEREST TO RAISE FUNDS FROM CAPITAL MARKET FROM 25-SEP-2003 TO 24-SEP-2008

25-SEP-2003

294

LALIT KUMAR SHARMA

WINFARM AGRO INDUSTRIES LTD.

CIN:U01111KA1992PLC013086

DID NOT ADHERE TO LISTING AGREEMENT

295

LALIT MISRA

(PAN:ADZPM4757G)

INDULGED IN MISREPRESENTATION OF FINANCIALS AND/OR BUSINESS AND MISUSE OF FUNDS/BOOKS OF ACCOUNTS OF SHARON BIO-MEDICINE LTD. VIOLATING REGULATIONS 4(1)(A) TO 4(1)(C), (E) (G), (H) & (I), 4(2)(F)(II)(6)(7)(8), 4(2)(F)(III)(3)(6), (12) AND 48 OF SEBI (LODR) REGULATIONS, 2015 READ WITH SECTION 27 OF SEBI ACT, 1992 IN MATTER OF SHARON BIO-MEDICINE LTD.

DELAY IN SUBMISSION OF QUARTERLY COMPLIANCE REPORT AND STATEMENT OF SHAREHOLDING PATTERN TO EXCHANGES VIOLATING REGULATIONS 27(2)(A) AND 31(1) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF SHARON BIO-MEDICINE LTD.

DID NOT ADHERE TO REGULATIONS 33(2)(A) FOR CERTIFICATION AND APPROVAL OF FINANCIAL RESULTS IN MATTER OF SHARON BIO-MEDICINE LTD.

AIDED AND FACILITATED IN PUBLISHING OF MANIPULATED FINANCIAL STATEMENTS VIOLATING SECTION 12A(A) TO 12A(C) OF SEBI ACT, 1992 AND REGULATIONS 3(B) TO 3(D), 4(1), 4(2)(F) AND 4(2)(R) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF SHARON BIO-MEDICINE LTD.

DID NOT HAVE PROPER COMPOSITION OF BOARD OF DIRECTORS AND APPOINTMENT OF UNRELATED PERSONS AS INDEPENDENT DIRECTORS VIOLATING CLAUSE 49(I) OF SEBI LISTING AGREEMENT READ WITH SECTION 21 OF SCRA, 1956 IN MATTER OF SHARON BIO-MEDICINE LTD.

DID NOT CONDUCT AUDIT COMMITTEE MEETINGS, DID NOT DISCUSS FINANCIAL STATEMENTS, DID NOT SCRUTINY INTER CORPORATE LOANS AND RELATED PARTY TRANSACTIONS IN AUDIT COMMITTEE MEETINGS VIOLATING CLAUSE 49(II)(D)(1) TO (13) AND 49(II)(E)(1) AND (2) OF SEBI LISTING AGREEMENT READ WITH SECTION 21 OF SCRA, 1956 IN MATTER OF SHARON BIO-MEDICINE LTD.

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 31-MAY-2023 TO 30-MAY-2026

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 31-MAY-2023 TO 30-MAY-2026

RESTRAINED FROM ASSOCIATED WITH ANY OTHER LISTED COMPANY OR SEBI REGISTERED INTERMEDIARY IN ANY CAPACITY INCLUDING DIRECTOR OR KEY MANAGERIAL PERSON DIRECTLY OR INDIRECTLY FROM 31-MAY-2023 TO 30-MAY-2026

IMPOSED PENALTY RS.27,00,000

31-MAY-2023

SEBI VIDE ITS NOTICE DATED 09/11/2023 DIRECTED TO PAY RS.28,63,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE

SEBI VIDE ITS ORDER DATED 01/12/2023 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUNDS FOLIOS 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

SEBI VIDE ITS NOTICE DATED 03/01/2024 DIRECTED ALL THE BANKS AND MUTUAL FUNDS IN INDIA TO REMIT RS.29,17,000.00 TO THE EXTENT LYING IN THE ACCOUNT OF NOTICEE TO SEBI BY WAY OF EFT/NEFT/RTG

296

LAXMIKANT B.PAREKH

MRUG PHARMACEUTICALS LTD.

DID NOT ADHERE TO LISTING AGREEMENT

COMPANY WAS NOT LOCATED AT ITS REGISTERED OFFICE ADDRESS

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 20-JUN-2000 TO 19-JUN-2005

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 20-JUN-2000 TO 19-JUN-2005

20-JUN-2000

297

LAXMIKANT BHAGUBHAI

BAHUMA POLYTEX LTD.

DID NOT ADHERE TO LISTING AGREEMENT

COMPANY WAS NOT LOCATED AT ITS REGISTERED OFFICE ADDRESS

298