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.

COMPANIES: PROVIDED WRONG/INCOMPLETE INFORMATION TO SEBI/DID NOT CO-OPERATE WITH SEBI IN INVESTIGATIONS

S.No.

ENTITY

PERSONS

REGULATORY CHARGES

REGULATORY ACTION(S) / DATE OF ORDER

FURTHER DEVELOPMENTS

461

MEGNA DEVELOPERS PVT.LTD.

(PAN:AAECM7768A)

INDULGED IN OFF-MARKET TRANSACTIONS IN SCRIP OF BANK OF RAJASTHAN LTD.

DID NOT PERSONALLY APPEAR AND/OR PROVIDE NECESSARY INFORMATION/DOCUMENTS IN RESPONSE TO SUMMONS IN MATTER OF BANK OF RAJASTHAN LTD.

IMPOSED PENALTY RS.10,00,000

14-FEB-2013

SAT: SAT VIDE ITS ORDER DATED 11/02/2014 UPHELD PENALTY IMPOSED UNDER SECTION 15HA AND SET ASIDE PENALTY IMPOSED UNDER SECTION 15 A (A) OF SEBI ACT.

INCLUDED IN SEBI LIST DATED 31/03/2014, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI

462

MEMORY MERCHANT PVT.LTD.

ALLEGED FAILURE IN COMPLYING WITH SUMMONS ISSUED FOR FURNISHING OF INFORMATION

SUMMON ISSUED

16-JUL-2007

463

MERCURY FUND MANAGEMENT CO.LTD.

(CIN:L65999WB1991PLC053194
PAN:AAECM0223C)

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

DID NOT MAKE PUBLIC ANNOUNCEMENT AS REQUIRED UNDER REGULATION 10 OF SEBI TAKEOVER CODE, 1997 IN MATTER OF GENNEX LABORATORIES LTD.

DID NOT MAKE DISCLOSURE OF SHAREHOLDING/CHANGES IN SHAREHOLDING TO COMPANY AS REQUIRED UNDER REGULATIONS 13(1) AND 13(3) OF SEBI (PROHIBITION OF INSIDER TRADING) REGULATIONS, 1992 IN MATTER OF GENNEX LABORATORIES LTD.

DID NOT PERSONALLY APPEAR AND/OR PROVIDE NECESSARY INFORMATION/DOCUMENTS IN RESPONSE TO SUMMONS/NOTICES/LETTERS IN MATTER OF GENNEX LABORATORIES LTD.

INDULGED IN ISSUANCE OF MISLEADING CORPORATE ANNOUNCEMENTS IN MATTER OF GENNEX LABORATORIES LTD.

IMPOSED PENALTY RS.27,00,000

21-OCT-2011

SAT: APPEAL DISMISSED AS WITHDRAWN

SAT: APPEAL PARTLY ALLOWED BY SETTING ASIDE PENALTY OF RS.10 LACS IMPOSED UNDER SECTION 15HA, WITH NO ORDER AS TO COSTS

INCLUDED IN SEBI LIST DATED 31/03/2014, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI

SEBI VIDE ITS NOTICE DATED 30/06/2014 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

SEBI VIDE ITS ORDER DATED 17/01/2017 DIRECTED ALL THE BANKS IN INDIA/NSDL/CDSL TO RELEASE ALL THE BANK ACCOUNTS/LOCKERS/DEMAT ACCOUNTS AND MUTUAL FUND FOLIOS OF THE DEFAULTERS WHICH WERE ATTACHED PURSUANT TO THE NOTICE OF ATTACHMENT DATED 30/06/2016

464

MI RESEARCH

(PAN:ANIPJ1043K)

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

ASHISH JAIN

PAN:ANIPJ1043K

DID NOT MAINTAIN RECORDS AS PER KNOW YOUR CLIENTS (KYC) PROCEDURES

DID NOT OBTAIN �KNOW YOUR CLIENTS� (KYC) DETAILS OF CLIENTS

DID NOT CONDUCT YEARLY AUDITS IN RESPECT OF COMPLIANCE WITH INVESTMENT ADVISORY REGULATIONS

PROMISED ASSURED/GUARANTEE RETURNS/PROFITS TO CLIENTS

DID NOT CARRY OUT RISK PROFILING OF CLIENTS

OFFERED PRODUCTS/SERVICES WITHOUT ASSESSING APPROPRIATE RISK BEARING CAPACITY OF THE CLIENTS

DID NOT PROVIDE INFORMATION TO SEBI

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

18-SEP-2023

SEBI VIDE ITS NOTICE DATED 15/12/2023 DIRECTED TO PAY RS.39,41,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE

SAT: SAT VIDE ITS ORDER DATED 17/06/2026 PARTLY ALLOWED THE APPEAL BY REDUCING PENALTY AMOUNT TO RS.10 LAC FROM RS.20 LAC U/S 15EB AND SET ASIDE PENALTY U/S15HA. NO COSTS

465

MICRO MANAGEMENT LTD.

(PAN:AABCM8245K)

DID NOT PERSONALLY APPEAR AND/OR PROVIDE NECESSARY INFORMATION/DOCUMENTS IN RESPONSE TO SUMMONS IN MATTER OF MURLI INDUSTRIES LTD.

IMPOSED PENALTY RS.3,00,000

30-JUL-2013

466

MIDEAST INTEGRATED STEELS LTD.

(PAN:AAACM0846P)

NATASHA SINHA

PAN:AAUPS3146B

RITA SINGH

PAN:ABKPS4308J

V.N.TIWARI

PAN:ABDPT5946L

INDULGED IN MISAPPROPRIATION/MISUTILISATION/DIVERSION OF FUNDS TO GROUP ENTITIES

DID NOT MAKE RECOGNITION OF LIABILITIES AMOUNTING TORS.924.75 CRORE

DID NOT MAKE PROVISION FOR IMPAIRMENT OF INVESTMENT AND LOANS

DID NOT MAKE PROVISION FOR RECEIVABLES AMOUNT OF RS.45.95 CRORE

MISREPRESENTED/MISREPORTED WRITING OFF OF DISPUTED LIABILITY OF RS.38.71 CRORE

MADE EXCESS PAYMENTS TO/NON-RECEIPT OF PAYMENTS FROM PROMOTERS GROUP COMPANIES

MISREPRESENTED PROPERTY, PLANT &EQUIPMENT ASSETS IN FINANCIAL STATEMENTS

DID NOT MAKE ADEQUATE PROVISION FOR GST LIABILITY

DID NOT MAKE DISCLOSURE TO STOCK EXCHANGES WITH REGARD TO INSPECTION AND SEIZURE PROCEEDINGS CARRIED OUT BY GST AUTHORITIES

DELAY IN SUBMISSION OF FINANCIAL RESULTS TO STOCK EXCHANGES

DID NOT HAVE 100% PROMOTERS SHAREHOLDING IN DEMATERIALIZATION

DID NOT APPOINT QUALIFIED AND EXPERIENCE COMPLIANCE OFFICER AND/OR COMPANY SECRETARY

DID NOT HAVE ADEQUATE COMPOSITION OF BOARD OF DIRECTORS, AUDIT COMMITTEE, NOMINATION & REMUNERATION COMMITTEE AND SHAREHOLDERS RELATIONSHIP COMMITTEE

DID NOT FURNISH INFORMATION AND DID NOT COOPERATE WITH FORENSIC AUDITOR

SAT: SAT VIDE ITS ORDER DATED 15/04/2024 DIRECTED SEBI TO FILE A REPLY WITHIN THREE WEEKS FROM DATE OF THIS ORDER AND APPELLANTS TO FILE REJOINDER WITHIN THREE WEEKS THEREAFTER. STAYED THE DIRECTIONS GAVE IN PARAGRAPH 22.2 OF IMPUGNED ORDER DATED 21/02/2024 FOR ONE MONTH FROM DATE OF THIS ORDER SUBJECT TO THE CONDITION THAT APPELLANTS DEPOSIT RS.1 CRORE IN ESCROW ACCOUNT WITHIN SEVEN DAYS FROM DATE OF THIS ORDER. FURTHER, DIRECTED SEBI TO ENSURE ALL NECESSARY STEPS ARE TAKEN, INCLUDING ISSUING INSTRUCTION TO NSDL TO DEFREEZE DEMAT ACCOUNT OF APPELLANT AND ALLOW FRESH PLEDGE TO BE CREATED IN FAVOUR OF SBICAP TRUSTEE CO.LTD.

SAT: SAT VIDE ITS ORDER DATED 18/06/2024 CONDONED THE DELAY OF 36 DAYS IN FILING OF REPLY AND GRANTED THREE WEEKS TO FILE REJOINDER

SAT: SAT VIDE ITS ORDER DATED 12/11/2024 APPELLANT SOUGHT THREE WEEKS TO FILE REJOINDER

SAT: SAT VIDE ITS ORDER DATED 29/04/2025 GRANTED APPELLANT THREE WEEKS TO FILE REJOINDER

467

MILI COMMODITIES PVT.LTD.

(PAN:AAFCM8822N)

DID NOT PERSONALLY APPEAR AND/OR PROVIDE NECESSARY INFORMATION/DOCUMENTS IN RESPONSE TO SUMMONS IN MATTER OF PG ELECTROPLAST LTD.

IMPOSED PENALTY RS.1,00,000

02-AUG-2017

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

468

MILLENNIUM CYBERTECH LTD.

(PAN:AABCM8712D)

DID NOT PROVIDE NECESSARY INFORMATION/DOCUMENTS IN RESPONSE TO SUMMONS IN MATTER OF MILLENIUM CYBERTECH LTD.

IMPOSED PENALTY RS.3,00,000

30-JUN-2010

INCLUDED IN SEBI LIST DATED 31/03/2014, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI

SEBI VIDE ITS NOTICE DATED 17/07/2014 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

SEBI VIDE ITS ORDER DATED 08/08/2019 DIRECTED ALL THE BANKS IN INDIA/NSDL/CDSL TO RELEASE ALL THE BANK ACCOUNTS INCLUDING LOCKERS,DEMAT ACCOUNTS AND MUTUAL FUND FOLIOS OF THE DEFAULTERS WHICH WERE ATTACHED PURSUANT TO THE NOTICE OF ATTACHMENT DATED 17/07/2014

469

MILLENNIUM INSURANCE AGENTS PVT.LTD.

DID NOT PROVIDE NECESSARY INFORMATION/DOCUMENTS IN RESPONSE TO SUMMONS IN MATTER OF NAGESHWAR INVESTMENT LTD.

IMPOSED PENALTY RS.10,00,000

02-JUL-2009

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

470

MILLSTONE VYAPAAR PVT.LTD.

DID NOT PERSONALLY APPEAR AND/OR PROVIDE NECESSARY INFORMATION/DOCUMENTS IN RESPONSE TO SUMMONS IN MATTER OF OASIS CINE COMMUNICATION LTD.

IMPOSED PENALTY RS.2,00,000

19-NOV-2010

471

MINANCE INVESTMENT ADVISORS PVT.LTD.

(CIN:U74999KA2017PTC108408
PAN:AALCM4744M)

ANURAG BHATIA

DIN:07012878
PAN:AVEPB6967G

DID NOT SUBMIT MATERIAL INFORMATION TO SEBI

DID NOT ADHERE TO REQUIREMENT OF CAPITAL ADEQUACY

DID NOT APPOINT COMPLIANCE OFFICER

DID NOT PROVIDE INFORMATION TO SEBI

RESTRAINED FROM ACCESSING SECURITIES MARKET AND FURTHER PROHIBITED FROM BUYING/SELLING OR OTHERWISE DEALING IN SECURITIES AND/OR UNITS OF MUTUAL FUNDS DIRECTLY OR INDIRECTLY OR BEING ASSOCIATED WITH SECURITIES MARKET IN ANY MANNER FROM 20-OCT-2020 TO 19-OCT-2025

CEASED & DESIST FROM UNDERTAKING ANY ACTIVITY IN SECURITIES MARKET INCLUDING ACTIVITY OF ACTING AND REPRESENTING THROUGH ANY MEDIA (PHYSICAL OR DIGITAL) AS AN INVESTMENT ADVISOR, DIRECTLY OR INDIRECTLY, IN ANY MANNER WHATSOEVER FROM 20-OCT-2020 TO 19-OCT-2025

DIRECTED NOT TO DIVERT ANY FUNDS RAISED FROM PUBLIC AT LARGE KEPT IN BANK ACCOUNT AND/OR IN THE CUSTODY OF THE COMPANY FROM 20-OCT-2020 TO 19-OCT-2025

DIRECTED NOT TO DISPOSE OF OR ALIENATE ANY ASSETS, MOVABLE OR IMMOVABLE, OR ANY INTEREST OR INVESTMENT OR CHARGE IN ANY OF SUCH ASSETS WITHOUT PRIOR PERMISSION OF SEBI

DIRECTED TO IMMEDIATELY WITHDRAW AND REMOVE ALL ADVERTISEMENTS, REPRESENTATIONS, LITERATURES, BROCHURES, MATERIALS, PUBLICATIONS, DOCUMENTS, WEBSITE, ETC. IN RELATION TO THOSE SCHEMES / ACTIVITIES (INVESTMENT ADVISER AND ALTERNATIVE INVESTMENT FUND, AND/OR RESEARCH ANALYST) OR ANY UNREGISTERED ACTIVITIES FROM 20-OCT-2020 TO 19-OCT-2025

DIRECTED TO PROVIDE FULL INVENTORY OF ASSETS, MOVABLE OR IMMOVABLE, OR ANY INTEREST OR INVESTMENT OR CHARGE IN ANY OF SUCH ASSETS, INCLUDING DETAILS OF ALL BANKS & DEMAT ACCOUNTS AND/OR MUTUAL FUNDS INVESTMENTS

DIRECTED BANKS NOT TO ALLOW ANY DEBITS/WITHDRAWLS AND CREDITS FROM ACCOUNT WITHOUT PERMISSION OF SEBI FROM 20-OCT-2020 TO 19-OCT-2025

DIRECTED DEPOSITORIES TO ENSURE THAT NO DEBITS AND/OR CREDITS MADE IN DEMAT ACCOUNTS, HELD JOINTLY OR SEVERALLY, OF ENTITIES AND PERSONS

DIRECTED REGISTRAR AND TRANSFER AGENTS TO ENSURE THAT SECURITIES (INCLUDING MF UNITS) IN PHYSICAL FORM NOT TO TRANSFER /REDEEM WITHOUT CONFIRMATION OF CONCERNED STOCK EXCHANGES

DIRECTED TO RESOLVE ALL PENDING COMPLAINTS

CANCELLED REGISTRATION AS INVESTMENT ADVISOR FROM 20-OCT-2020 TO 19-OCT-2025

20-OCT-2020

SEBI VIDE ITS ORDER DATED 20/04/2021 CONFIRMED THE DIRECTIONS ISSUED VIDE ITS INTERIM ORDER DATED 20/10/2020

SEBI VIDE ITS ORDER DATED 31/05/2023 DIRECTED TO A) CANCEL CERTIFICATE OF REGISTRATION AS INVESTMENT ADVISER B) RESTRAINED FROM ACCESSING SECURITIES MARKET AND FURTHER PROHIBITED FROM BUYING, SELLING OR OTHERWISE DEALING IN SECURITIES, DIRECTLY OR INDIRECTLY OR BEING ASSOCIATED WITH SECURITIES MARKET IN ANY MANNER, WHATSOEVER FOR FIVE YEARS FROM INTERIM ORDER C) RESOLVE THE COMPLAINTS PENDING IN SCORES TO INVESTMENT ADVISORY SERVICES WITHIN THIRTY DAYS FROM DATE OF THIS ORDER

472

MINANCE INVESTMENT ADVISORS PVT.LTD.

(CIN:U74999KA2017PTC108408
PAN:AALCM4744M)

PANKAJ MAHANTY

PAN:ASZPP7398H

SARBASHISH BASU

DIN:07901188
PAN:BLHPB3370H

DID NOT SUBMIT MATERIAL INFORMATION TO SEBI

DID NOT ADHERE TO REQUIREMENT OF CAPITAL ADEQUACY

DID NOT APPOINT COMPLIANCE OFFICER

DID NOT PROVIDE INFORMATION TO SEBI

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 20-OCT-2020 UNTIL FURTHER ORDERS

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 20-OCT-2020 UNTIL FURTHER ORDERS

CEASED & DESIST FROM UNDERTAKING ANY ACTIVITY IN SECURITIES MARKET INCLUDING ACTIVITY OF ACTING AND REPRESENTING THROUGH ANY MEDIA (PHYSICAL OR DIGITAL) AS AN INVESTMENT ADVISOR, DIRECTLY OR INDIRECTLY, IN ANY MANNER WHATSOEVER FROM 20-OCT-2020 UNTIL FURTHER ORDERS

20-OCT-2020

473

MINERVA TEXTILES PVT.LTD.

DID NOT PERSONALLY APPEAR AND/OR PROVIDE NECESSARY INFORMATION/DOCUMENTS IN RESPONSE TO SUMMONS IN MATTER OF MURLI INDUSTRIES LTD.

IMPOSED PENALTY RS.2,00,000

28-DEC-2012

INCLUDED IN SEBI LIST DATED 31/12/2013, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI

474

MIR UNISERV

(PAN:BAZPS8398M)

SAURABH SHUKLA

PAN:BAZPS8398M

DID NOT DO KNOW YOUR CUSTOMER AND DID NOT ADOPT& FOLLOWED PMLA AND CLIENT DUE DILIGENCE POLICIES

DID NOT OBTAIN SCORES ID WITHIN ONE MONTH OF THE GRANT OF REGISTRATION

OUTSOURCED CORE FUNCTIONS I.E. CLIENT ONBOARDING, SERVICING AND KYC PROCESSES TO THIRD PARTIES

DISSEMINATED FALSE & MISLEADING INFORMATION AND MISREPRESENTED PUBLIC BY ASSURING RETURNS AND OFFERING ADVISORY SERVICES

DID NOT PROVIDE RELEVANT INFORMATION, BOOKS, ACCOUNTS AND OTHER DOCUMENTS PERTAINING TO ITS CONDUCT AND AFFAIRS AS A RESEARCH ANALYST

DID NOT REDRESS INVESTOR COMPLAINTS IN STIPULATED TIME

DID NOT CO-OPERATE WITH SEBI IN INSPECTION

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

29-NOV-2024

SAT: SAT VIDE ITS ORDER DATED 29/01/2025 GRANTED RESPONDENT FOUR WEEKS TO FILE REPLY AND REJOINDER TO BE FILED TWO WEEKS THEREAFTER. STAYED RECOVERY PROCEEDING SUBJECT TO DEPOSIT OF 50% PENALTY AMOUNT WITHIN TWO WEEKS FROM DATE OF THIS ORDER

SAT: SAT VIDE ITS ORDER DATED 20/08/2025 CONDONED THE DELAY IN FILING OF AFFIDAVIT. GRANTED APPELLANT TWO WEEKS TO FILE REJOINDER AND INTERIM ORDER TO CONTINUE UNTIL FURTHER ORDERS

475

MISHTANN FOODS LTD.

(PAN:AAACH5335G)

BHARATBHAI JETHABHAI PATEL

PAN:BITPP3746E

DEVALKUMAR BHARATBHAI PATEL

PAN:CSYPP6285L

HITESHKUMAR GAURISHANKAR PATEL

PAN:ASZPP4210E

JATINBHAI RAMANBHAI PATEL

PAN:AWRPP3066G

KANAKKUMAR VINODBHAI PATEL

PAN:EUWPP8468M

MANJULABEN GAURISHANKAR PATEL

NAVINCHANDRA DAHYALAL PATEL

PAN:AHKPP9016G

NIKITABEN DEVALBHAI PATEL

PAN:CCEPP0198L

RAVIKUMAR GAURISHANKAR PATEL

PAN:ASZPP4552H

REKHABEN KANAKKUMAR PATEL

SURENDRA KUMAR YADAV

PAN:AOBPY4416K

TEJAL RAVIKUMAR PATEL

PAN:BEUPP6389A

DID NOT PROVIDE INFORMATION TO SEBI

DID NOT CO-OPERATE WITH SEBI IN INSPECTION

MISREPRESENTED AND MISSTATED OF FINANCIAL STATEMENTS VIOLATING SECTIONS 12A(A) TO 12A(C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(A) TO 3(D), 4(1), 4(2)(E), 4(2)(F), 4(2)(K) AND 4(2)(R) OF SEBI (PFUTP) REGULATIONS, 2003

INDULGED IN DIVERSION/ MISUTILISATION/ MISAPPROPRIATION OF FUNDS VIOLATING REGULATION 4(1) OF SEBI (PFUTP) REGULATIONS, 2003IN MATTER OF MISHTANN FOODS LTD.

DID NOT ADHERE TO PREPARATION AND PRESENTATION OF FINANCIAL STATEMENTS AS REQUIRED IND AS 1 VIOLATING REGULATIONS 4(1)(A) TO 4(1)(E), 4(1)(G) TO 4(1)(J), 4(2)(E)(I), 33(1)(C) AND 48 OF SEBI (LODR) REGULATIONS, 2015

DID NOT MAKE DISCLOSURE TO STOCK EXCHANGES AND DID NOT TAKE NECESSARY APPROVALS FROM AUDIT COMMITTEE AND SHAREHOLDERS FOR RELATED PARTY TRANSACTIONS VIOLATING REGULATIONS 4(1)(A) TO 4(1)(E), 4(1)(G) TO 4(1)(J), 4(2)(E)(I), 23(2), 23(4), 23(9) AND 34(3) READ WITH SCHEDULE V AND 48 OF SEBI (LODR) REGULATIONS, 2015

DID NOT APPOINT MINIMUM NUMBER OF INDEPENDENT DIRECTORS AND PROPER CONSTITUTION OF VARIOUS COMMITTEES VIOLATING REGULATIONS 17(1)(B), 18(1)(A) AND 18(1)(B) OF SEBI (LODR) REGULATIONS, 2015

DID NOT HAVE PROPER COMPOSITION OF NOMINATION AND REMUNERATION COMMITTEE VIOLATING REGULATION 19(1) OF SEBI (LODR) REGULATIONS, 2015

DID NOT APPOINT QUALIFIED CFO AND CHAIRMAN OF AUDIT COMMITTEE VIOLATING REGULATION 18(1) (C) OF SEBI (LODR) REGULATIONS, 2015

DID NOT APPLY FOR RECLASSIFICATION OF STATUS OF PROMOTERS AND DID NOT DISCLOSE ALL THE PROMOTERS IN THE SHAREHOLDING PATTERN VIOLATING REGULATIONS 31(4) AND 31A(2) OF SEBI (LODR) REGULATIONS, 2015

DELAY IN MAKING DISCLOSURES OF ARREST OF MANAGING DIRECTOR AND DID NOT MAKE DISCLOSURE OF SEARCH AND SEIZURE PROCEEDINGS BY CGST AUTHORITY VIOLATING REGULATION 30(2) READ WITH PARA A OF SCHEDULE II OF SEBI (LODR) REGULATIONS, 2015

PROHIBITED FROM RAISING MONEY FROM PUBLIC FROM 05-DEC-2024 UNTIL FURTHER ORDERS

DIRECTED TO BRING BACK RIGHTS ISSUE PROCEEDS RS.49.82 CRORE MISUTILISED/ MISAPPROPRIATED/ DIVERTED THROUGH GROUP ENTITIES AND RS.47.10 CRORE MISUTILISED/ MISAPPROPRIATED/ DIVERTED TO PROMOTERS/DIRECTORS OF MISHTANN FOODS LTD. AND THEIR RELATIVES THROUGH FICTITIOUS SALES/PURCHASES WITH GROUP ENTITIES

DIRECTED TO CONSTITUTE NEW AUDIT COMMITTEES AND PLACE THE COPY OF THIS ORDER BEFORE THEM

DIRECTED NEW AUDIT COMMITTEES TO ENHANCE OVERSIGHT OF FINANCIAL REPORTING PROCESS AND DISCLOSURE OF ITS FINANCIAL INFORMATION AND TO ENSURE FINANCIAL STATEMENTS ARE CORRECT, SUFFICIENT AND CREDIBLE

DIRECTED NEW AUDIT COMMITTEES TO ENSURE THAT MISHTANN FOODS LTD. COMPLY WITH OTHER REQUIREMENTS UNDER LODR REGULATIONS, 2015

DIRECTED BSE NOT TO APPROVE ANY RIGHTS ISSUE APPLICATION FILE BY MISHTANN FOODS LTD. FROM 05-DEC-2024 UNTIL FURTHER ORDERS

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 05-DEC-2024 UNTIL FURTHER ORDERS

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 05-DEC-2024 UNTIL FURTHER ORDERS

05-DEC-2024

476

MOBONAIR WIRELESS PVT.LTD.

(PAN:AAICM5611Q)

DID NOT SUBMIT REQUIRED INFORMATION/DOCUMENTS SOUGHT VIDE SUMMONS DATED 06/06/2019 IN MATTER OF THIRANI PROJECTS LTD.

IMPOSED PENALTY RS.5,00,000

07-JAN-2021

SEBI VIDE ITS NOTICE DATED 22/07/2022 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 ORDER DATED 22/08/2022 DIRECTED ALL THE BANKS TO REMIT ENTIRE AMOUNT TO THE EXTENT LYING IN THE BANK AND TERM DEPOSIT ACCOUNTS OF MOBONAIR WIRELESS PVT.LTD. TO SEBI BY WAY OF EFT/NEFT/RTGS

SEBI VIDE ITS NOTICE DATED 01/09/2022 ALLOWED THE APPEAL AND DIRECTED ALL THE BANKS IN INDIA/NSDL/CDSL TO RELEASE ALL THE BANK ACCOUNTS INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUND FOLIOS OF THE DEFAULTERS WHICH WERE ATTACHED PURSUANT TO THE NOTICE OF ATTACHMENT DATED 22/07/2022

477

MOBONAIR WIRELESS PVT.LTD.

(PAN:AAICM5611Q)

SANDESH KUMAR PANDEY

PAN:BRDPS2906J

DID NOT PROVIDE NECESSARY INFORMATION/DOCUMENTS IN RESPONSE TO SUMMONS IN MATTER OF EJECTA MARKETING LTD.

IMPOSED PENALTY RS.4,00,000

01-AUG-2022

SEBI VIDE ITS NOTICE DATED 04/05/2023 DIRECTED TO PAY RS.4,41,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE

SEBI VIDE ITS ORDER DATED 02/06/2023 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 ORDER DATED 20/06/2023 COMPLETED OF RECOVERY CERTIFICATE PAYMENT OF AMOUNT DUE UNDER CERTIFICATE NO.6499 OF 2023 DATED 04/05/2023