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.

COMPANIES: VIOLATED LISTING AGREEMENT

S.No.

ENTITY

PERSONS

REGULATORY CHARGES

REGULATORY ACTION(S) / DATE OF ORDER

FURTHER DEVELOPMENTS

441

SMS TECHSOFT (INDIA) LTD.

(CIN:L72200TZ1995PLC006017
PAN:AAECA1954G)

DID NOT MAINTAIN ITS FUNCTIONAL WEBSITE VIOLATING CLAUSE 54 OF LISTING AGREEMENT READ WITH SECTION 21 OF SCRA, 1956

IMPOSED PENALTY RS.3,00,000

27-SEP-2018

442

SMS TECHSOFT (INDIA) LTD.

(CIN:L72200TZ1995PLC006017
PAN:AAECA1954G)

DID NOT SUBMIT QUARTERLY FINANCIAL RESULTS FOR THE QUARTER ENDED MARCH, 2012 TO STOCK EXCHANGES VIOLATING CLAUSES 41 OF EQUITY LISTING AGREEMENT

DID NOT APPOINT INDEPENDENT DIRECTORS AS CHAIRMAN OF AUDIT COMMITTEE FOR F.Y. 2011-12 AND 2012-13 VIOLATING CLAUSES 49(II)(A)(III) OF EQUITY LISTING AGREEMENT READ WITH SECTION 21 OF SCRA, 1956

IMPOSED PENALTY RS.5,00,000

15-OCT-2018

443

SOM DISTILLERIES & BREWERIES LTD.

(PAN:AABCS3374B)

DID NOT MAKE DISCLOSURE TO STOCK EXCHANGES WITH REGARD TO DISPUTE WITH MPSIDC/WINDING UP ORDER/COURT ORDERS VIOLATING REGULATIONS 30(1) TO 30(4) AND 30(7) OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015

DID NOT DISCLOSURE WITH RESPECT TO DISPUTE WITH MPSIDC I.E. ORDER DATED 03/05/2013 PASSED BY HON�BLE DELHI HIGH COURT IN COMPANY PETITION NO. 198/2008 AND ORDER DATED 19/06/2013 PASSED BY HON�BLE SUPREME COURT VIOLATING CLAUSE 36(5) OF EQUITY LISTING AGREEMENT

IMPOSED PENALTY RS.5,00,000

19-JUN-2019

444

SOMA TEXTILES & INDUSTRIES LTD.

(PAN:AADCS0405R)

Click here to view complete history of this specific entity/person

ARVIND KUMAR SOMANY

PAN:ACBPS8983M

P.BANDOPADHYAY

PAN:ACIPB0422B

SUNIL MANUBHAI PATEL

PAN:ARWPP5026A

SURENDRA KUMAR SOMANY

PAN:AAGPS6467H

INDULGED IN FACILITATING SUBSCRIPTION OF GDRS AMOUNTING TO USD 15.67 MN. BY WHITEVIEW TRADING CORP.THROUGH FINANCE OBTAINED FROM BANCO EFISA, LISBON FOR SUBSCRIPTION OF GDR AND ISSUER COMPANY (SOMA TEXTILES & INDUSTRIES LTD.) AND PLEDGED GDR WITH BANCO BANK VIOLATING SECTIONS 12A(A) TO 12A(C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(A) TO 3(D), 4(1), 4(2)(F), (K) AND (R) OF SEBI (PFUTP) REGULATIONS, 2003

DID NOT MAKE DISCLOSURE OF SHAREHOLDING/CHANGES IN SHAREHOLDING TO STOCK EXCHANGES VIOLATING CLAUSE 35 OF LISTING AGREEMENT READ WITH SECTION 21 OF SCRA, 1956

DID NOT INFORM STOCK EXCHANGE ABOUT PLEDGE AGREEMENT ENTER WITH BANCO FOR SUBSCRIPTION OF GDRS VIOLATING CLAUSE 36(7) OF LISTING AGREEMENT READ WITH SECTION 21 OF SCRA, 1956

IMPOSED PENALTY RS.25,00,000

30-AUG-2022

SAT: SAT VIDE ITS ORDER DATED 22/02/2023 ALLOWED THE APPEAL BY REDUCING DEBARMENT PERIOD FROM 3 YEARS TO THE PERIOD UNDERGONE

445

SOMPLAST LEATHER INDUSTRIES LTD.

(PAN:AADCS0254L)

BHAGWATI SHAH (AKA. M.P.SHAH)

GIRISH SHAH

M.P.SHAH (AKA. BHAGWATI SHAH)

N.R.VEKARIA

PAN:ABOPV5260E

R.D.PATEL

R.N.VEKARIA

RAMANLAL C.HATHI

S.N.VEKARIA

SANJAY PATEL

YOGINI VYAS

PAN:ACQPV5440H

DID NOT ADHERE TO SUMMONS ISSUED FOR FURNISHING OF INFORMATION

DID NOT ADHERE TO SUMMONS ISSUED BY SEBI

ISSUED EQUITY SHARES IN EXCESS ON PREFERENTIAL BASIS WITHOUT TAKING IN-PRINCIPLE APPROVAL OF STOCK EXCHANGE

IMPOSED PENALTY RS.2,00,000

30-SEP-2005

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

446

SOUTHERN HERBALS LTD.

K.S.N.MURTHY

K.S.S.RAJAN

L.B.C.PRABHA

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

447

SOUTHERN ISPAT & ENERGY LTD.

(CIN:L45309KL1995PLC009171
PAN:AAECS6476P)

ARUN RAMSWAROOP PANCHARIYA

PAN:AEVPP6125N

MUKESH BABULAL CHAURADIYA

PAN:AAVPC0966A

V.MANIKANDAN

PAN:AHSPM8760C

VIVEK AGARWAL

DIN:00104952
PAN:ADAPA2289E

INDULGED IN FACILITATING SUBSCRIPTION OF GDRS BY VINTAGE FZE, UAE THROUGH FINANCE OBTAINED FROM EURAM BANK, AUSTRIA FOR SUBSCRIPTION OF GDR AND ISSUER COMPANY (SOUTHERN ISPAT & ENERGY LTD.) PLEDGED GDR WITH EURAM BANK VIOLATING SECTIONS 12A(A) TO 12A(C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(A) TO 3(D) AND 4(1), 4(2) (F), (K) AND (R) OF SEBI (PFUTP) REGULATIONS, 2003

DID NOT INFORM STOCK EXCHANGE ABOUT DELISTING OF GDRS ON LUXEMBOURG STOCK EXCHANGE VIOLATING CLAUSE 36(7) OF LISTING AGREEMENT READ WITH SECTION 21 OF SCRA, 1956

DID NOT ADHERE TO ACCOUNTING STANDARD ON CASH FLOW STATEMENT (AS-3) VIOLATING CLAUSES 32 AND 50 OF LISTING AGREEMENT READ WITH SECTION 21 OF SCRA, 1956

IMPOSED PENALTY RS.10,00,00,000

26-MAY-2022

SEBI VIDE ITS NOTICE DATED 25/05/2023 DIRECTED TO PAY RS.11,30,01,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE

SEBI VIDE ITS ORDER DATED 29/08/2023 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 27/09/2023 DIRECTED ALL THE BANKS AND MUTUAL FUNDS IN INDIA TO REMIT RS.11,70,01,000.00 TO THE EXTENT LYING IN THE ACCOUNT OF NOTICEE TO SEBI BY WAY OF EFT/NEFT/RTG

SEBI VIDE ITS ORDER DATED 20/01/2026 A) PROHIBITED FROM DISPOSING, TRANSFERRING, ALIENATING OR CHARGING IN RESPECT OF ALL THE IMMOVABLE AND MOVABLE PROPERTIES LISTED IN THE ORDER B) PROHIBITED FROM TAKING ANY BENEFIT UNDER SUCH DISPOSAL, TRANSFER, ALIENATION OR CHARGE IN RESPECT OF THE PROPERTIES LISTED IN ORDER C) DIRECTED TO FURNISH COMPLETE DETAILS OF ALL MOVABLE AND IMMOVABLE PROPERTIES HELD BY DEFAULTERS AND CHARGES, IF ANY, ALONG WITH ORIGINAL TITLE DEEDS PERTAINING TO THE PROPERTIES, WITHIN TWO WEEKS FROM DATE OF THIS ORDER AT SEBI, SOUTHERN REGIONAL OFFICE, CHENNAI D) DEFAULTERS AND INSPECTOR GENERAL OF REGISTRATION OF ALL THE STATES AND UNION TERRITORIES AND SPECIFICALLY TO THE CONCERNED TEHSILDARS, DISTRICT REGISTRARS AND SUB-REGISTRARS IN THE STATE OF KERALA E) NOT TO ACT UPON ANY DOCUMENTS PURPORTING TO BE DEALING WITH TRANSFER, MORTGAGE, CHARGE, LEASE OR CREATION OR ALTERATION OF ANY INTEREST IN ANY OF THE PROPERTIES OWNED / HELD BY THE DEFAULTER, INCLUDING THE SAID PROPERTIES, IF PRESENTED FOR REGISTRATION

448

SOVEREIGN COMMERCIAL PVT.LTD.

(Along with : GHCL LTD.)

FILED FALSE AND MISLEADING REPORT ON SHAREHOLDING PATTERN WITH THE STOCK EXCHANGES

DID NOT MAKE DISCLOSURE OF SALE/TRANSFER OF SHARES OF PROMOTERS IN MATTER OF GHCL LTD.

MISLED INVESTORS BY GIVING FALSE SHAREHOLDING OF PROMOTERS OF GHCL LTD.

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 20-APR-2009 TILL FURTHER ORDERS

20-APR-2009

INTERIM DIRECTIONS ISSUED VIDE EX-PARTE AD-INTERIM ORDER DATED 20/04/2009 VACATED AS PER ORDER DATED 07/07/2009

449

SPARKLE FOODS LTD.

(CIN:U99999MH1986PLC040529)

BHAVESH NANALAL JAVERI

NANALAL LAXIMCHAND JAVERI

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

450

SPARKLE FOODS LTD.

(CIN:U99999MH1986PLC040529)

NISHA BHAVESH JAVERI

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 04-OCT-2000 TO 03-OCT-2005

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 04-OCT-2000 TO 03-OCT-2005

04-OCT-2000

451

SPECIALITY PAPERS LTD.

(CIN:L21012GJ1961PLC001073
PAN:AAECS0861Q)

DELAY IN MAKING DISCLOSURE OF SHAREHOLDING/CHANGES IN SHAREHOLDING TO STOCK EXCHANGES AS REQUIRED UNDER REGULATION 13(6) OF SEBI (PROHIBITION OF INSIDER TRADING) REGULATIONS, 1992

DID NOT APPOINT COMPLIANCE OFFICER OF REQUISITE QUALIFICATION VIOLATING CLAUSE 47(A) OF LISTING AGREEMENT READ WITH SECTION 21 OF SCRA, 1956

IMPOSED PENALTY RS.3,00,000

26-FEB-2021

452

SPICA INVESTMENTS LTD.

(PAN:AALCS4091F)

DELAY IN COMPLYING WITH MINIMUM PUBLIC SHAREHOLDING REQUIREMENT OF AT LEAST 25% AS REQUIRED UNDER SECTION 21 OF SCR ACT , 1956 AND PROVISIONS OF RULE 19A (1) OF SCR RULES, 1957 READ WITH CLAUSE 40A OF THE LISTING AGREEMENT

IMPOSED PENALTY RS.25,00,000 ALONG WITH OTHER ENTITIES/PERSONS

29-APR-2016

SAT: APPEAL DISMISSED. NO COSTS

453

SPIL FINANCE LTD.

BIPINCHANDRA P.MEHTA

GIRISHCHANDRA M.MODI

NARENDRAKUMAR P.MEHTA

DID NOT ADHERE TO LISTING AGREEMENT

COMPANY WAS NOT LOCATED AT ITS REGISTERED OFFICE ADDRESS

454

SPIL FINANCE LTD.

BIPIN CHANDRA P.MEHTA

LAXMINARAYAN AMRITALAL PATEL

DID NOT ADHERE TO LISTING AGREEMENT

455

SPLASH MEDIA & INFRA LTD.

(PAN:AAACH2735G)

DID NOT MAKE PROPER DISCLOSURES OF ACTUAL TURNOVER AND PROFIT IN DRAFT LETTER OF OFFER OF RIGHTS ISSUE VIOLATING CLAUSE 32 OF LISTING AGREEMENT READ WITH SECTION 21 OF SCRA, 1956

IMPOSED PENALTY RS.5,00,000

30-DEC-2014

456

SSK FISCAL SERVICES LTD.

ATUL KUMAR

P.K.GHOSH

R.N.DEOGUN

V.S.MODI

VIBHA KUMAR

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

457

SSP POLYMER INDUSTRIES LTD.

N.S.S.PRASAD

VENKATACHALAM IYER

DID NOT ADHERE TO LISTING AGREEMENT

COMPANY WAS NOT LOCATED AT ITS REGISTERED OFFICE ADDRESS

458

SSP POLYMER INDUSTRIES LTD.

ANANTH SWAMINATHAN

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 28-FEB-2001 TO 27-FEB-2006

28-FEB-2001

459

STAR ARTWORKS PVT.LTD.

(PAN:AAVCS7590R)

INDULGED IN DIVERSION OF FUNDS OF RS.2315.09 CRORES (APPROX.) FROM RELIGARE FINVEST LTD. TO PROMOTERS AND THEIR RELATED ENTITIES VIOLATING SECTIONS 12A(A) TO (C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(B) TO 3(D) & 4(1), 4(2)(F) AND 4(2) (R) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF RELIGARE ENTERPRISES LTD.

DID NOT MAKE DISCLOSURE OF FUNDS ROUTED BY RELIGARE FINVEST LTD. THROUGH UNRELATED ENTITIES TO PROMOTERS AND PROMOTERS GROUP ENTITIES VIOLATING CLAUSE 32 OF LISTING AGREEMENT IN MATTER OF RELIGARE ENTERPRISES LTD.

MISREPRESENTATED FINANCIAL POSITION BY ROLLING OVER THE LOANS VIOLATING REGULATIONS 4(1)(B), (C), 30(1) AND 51(1) OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 IN MATTER OF RELIGARE ENTERPRISES LTD.

DIRECTED NOT TO DIVERT ANY FUNDS EXCEPT TO MEET EXPENSES OF DAY-TO-DAY BUSINESS OPERATIONS WITHOUT PRIOR PERMISSION OF SEBI

14-MAR-2019

SEBI VIDE ITS ORDER DATED 11/09/2019 DIRECTED NOT TO DISPOSED OFF OR ALIENATE ANY OF THEIR ASSETS OR DIVERT ANY FUNDS, EXCEPT TO MEET EXPENSES OF DAY-TO-DAY BUSINESS OPERATIONS WITHOUT PRIOR PERMISSION OF SEBI TILL COMPLETION OF INVESTIGATION AND FURTHER ORDERS

SEBI VIDE ITS ORDER DATED 12/11/2020 REVOKED ITS DIRECTIONS ISSUED VIDE INTERIM ORDER DATED 14/03/2019 READ WITH CORRIGENDUM ORDER DATED 18/04/2019

460

STAR ELECTRONICS LTD.

M.S.PRASAD

RAJESH ARORA

SAMPAT RAI

DID NOT ADHERE TO LISTING AGREEMENT

The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.