| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 41 |
|
BEST HEALTH MANAGEMENT PVT.LTD.
(PAN:AACCB3144P)
|
|
|
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
|
| 42 |
|
|
BF INVESTMENT LTD.
(PAN:AADCB7682H)
|
|
|
ALLEGED INCORRECT DISCLOSURE OF SHAREHOLDING/CHANGES IN SHAREHOLDING TO STOCK EXCHANGES VIOLATING CLAUSE 35 OF ERSTWHILE LISTING AGREEMENT AND REGULATION 31(4) OF SEBI (LODR) REGULATIONS, 2015 AND SEBI CIRCULAR NO.CIR/CFD/CMD/13/2015 DATED 30/11/2015
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.6,39,200 VIDE CONSENT ORDER)
21-OCT-2022
|
|
| 43 |
|
|
BF UTILITIES LTD.
(PAN:AABCB7711M)
|
|
|
ALLEGED FAILURE IN OBTAINING PRIOR APPROVAL FROM AUDIT COMMITTEE FOR RELATED PARTY TRANSACTIONS ENTERED WITH KALYANI STEELS LTD. WITH RESPECT TO SALE OF 0% FCDS OF DGM GANESHA MINERALS PVT.LTD. VIOLATING REGULATION 103 OF SEBI (LODR) REGULATIONS, 2015 READ WITH SECTION 21 OF SCRA, 1956
ALLEGED FAILURE IN OBTAINING PRIOR APPROVAL FROM SHAREHOLDERS THROUGH SPECIAL RESOLUTION WITH RESPECT TO MATERIAL RELATED PARTY TRANSACTIONS ENTERED WITH KALYANI STEELS LTD. VIOLATING CLAUSE 49(VII)(E) OF SEBI CIRCULAR NO. CIR/CFD/POLICY/CELL/2/2014 DATED 17/04/2014 READ WITH SEBI CIRCULAR CIR/CFD/POLICY/CELL/7/2014 DATED 15/09/2014 READ WITH REGULATION 103 OF SEBI (LODR) REGULATIONS, 2015 READ WITH SECTION 21 OF SCRA, 1956
ALLEGED FAILURE IN MAKING QUARTERLY DISCLOSURE OF MATERIAL RELATED PARTY TRANSACTIONS ENTERED WITH KALYANI STEELS LTD. VIOLATING CLAUSE 49(VIII)(A)(1) OF SEBI CIRCULAR NO.CIR/CFD/POLICY/CELL/2/2014 DATED 17/04/2014 READ WITH SEBI CIRCULAR CIR/CFD/POLICY/CELL/7/2014 DATED 15/09/2014 READ WITH REGULATION 103 OF SEBI (LODR) REGULATIONS, 2015 READ WITH SECTION 21 OF SCRA, 1956
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.36,28,050 VIDE CONSENT ORDER)
23-FEB-2026
|
|
| 44 |
|
|
BF UTILITIES LTD.
(PAN:AABCB7711M)
|
|
|
ALLEGED FAILURE IN MAKING DISCLOSURE OF NAMES OF PROMOTER GROUP ENTITIES IN SHAREHOLDING/CHANGES IN SHAREHOLDING TO STOCK EXCHANGES AS REQUIRED UNDER REGULATIONS 31(4) READ WITH 31(1) OF SEBI (LODR) REGULATIONS, 2015
ALLEGED FAILURE IN MAKING DISCLOSURE OF NAMES OF PROMOTER GROUP ENTITIES IN SHAREHOLDING/CHANGES IN SHAREHOLDING TO STOCK EXCHANGES VIOLATING CLAUSE 35 OF ERSTWHILE LISTING AGREEMENT
ALLEGED VIOLATION OF VARIOUS SEBI CIRCULARS/ORDERS
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.9,27,010 VIDE CONSENT ORDER)
24-JAN-2023
|
|
| 45 |
|
|
BGR ENERGY SYSTEMS LTD.
(CIN:L40106AP1985PLC005318
PAN:AABCG2202J)
|
|
|
DID NOT MAKE DISCLOSURE OF FINANCIAL STATEMENTS OF TWO SUBSIDIARIES ON WEBSITE
DID NOT MAKE DISCLOSURE OF IMPACT OF TERMINATION OF CONTRACTS
DELAY IN MAKING DISCLOSURE OF FILING OF APPLICATION FOR INITIATION OF CORPORATE INSOLVENCY RESOLUTION PROCESS (CIRP)
DID NOT MAKE DISCLOSURE OF FILING OF APPLICATION OF CIRP BY PREMIUM TRANSMISSION PVT.LTD.
DID NOT INTIMATE CHANGE IN DIRECTORS WITHIN TWENTY-FOUR HOURS
DELAY IN MAKING DISCLOSURE OF MATERIAL UPDATE ON RECEIPT OF FUNDS AFTER CONCILIATION PROCEEDINGS
DELAY IN MAKING DISCLOSURE OF REPAYMENT OF LOAN
DID NOT FILE QUARTERLY DISCLOSURE FOR DEFAULT IN REPAYMENT OF LOAN
DELAY IN FILING OF QUARTERLY DISCLOSURE FOR DEFAULT IN REPAYMENT OF LOAN
DID NOT TAKE PRIOR APPROVAL OF AUDIT COMMITTEE AND SHAREHOLDERS FOR MATERIAL RELATED PARTY TRANSACTION (RPT)
DID NOT APPOINT INDEPENDENT DIRECTORS ON THE BOARD OF MATERIAL UNLISTED SUBSIDIARIES
|
IMPOSED PENALTY RS.9,00,000
24-SEP-2024
|
|
| 46 |
|
|
BHARAT FORGE LTD.
(PAN:AAACB8519L)
|
|
|
ALLEGED FAILURE IN MAKING DISCLOSURE OF NAMES OF PROMOTER GROUP ENTITIES IN SHAREHOLDING PATTERNS VIOLATING CLAUSE 35 OF ERSTWHILE LISTING AGREEMENT AND REGULATIONS 31(4) READ WITH 31(1) OF SEBI (LODR) REGULATIONS, 2015 AND SEBI CIRCULAR NO.CIR/CFD/CMD/13/2015 DATED 30/11/2015
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.9,18,000 VIDE CONSENT ORDER)
24-NOV-2022
|
|
| 47 |
|
|
BHARAT NIDHI LTD.
(PAN:AAACB0195J)
|
|
|
ALLEGED MISREPRESENTATION OF SHAREHOLDING OF PROMOTERS AS PUBLIC SHAREHOLDING VIOLATING REGULATIONS 18(1)(B), 19(1)(C) AND/OR 31(1)(B) OF SEBI (LODR) REGULATIONS, 2015 READ WITH SEBI CIRCULARNO.CIR/CFD/CMD/13/2015 DATED 30/11/2015 READ WITH REGULATION 2(ZA) OF SEBI (ICDR) REGULATIONS, 2009 AND CLAUSE 35 OF LISTING AGREEMENT
ALLEGED FAILURE IN COMPLIANCE OF MINIMUM PUBLIC SHAREHOLDING NORMS VIOLATING RULE 19A(1) OF SECURITIES CONTRACTS (REGULATION) RULES, 1957 READ WITH REGULATION 38 OF SEBI (LODR) REGULATIONS, 2015 READ WITH CLAUSE 2(II) OF SEBI CIRCULAR NO.CIR/CFD/DIL/10/2010 DATED 16/12/2010 READ WITH CIRCULAR NO.CIR/CFD/CMD/14/2015 DATED 30/11/2015
ALLEGED VIOLATION SECTIONS 12A(A) AND 12A(B) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(B), 3(C) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.2,43,10,000 VIDE CONSENT ORDER)
REACHED SETTLEMENT (CONSENT ORDER) (AGREED VOLUNTARILY TO BE RESTRAINED FROM ACCESSING SECURITIES MARKET INCLUDING BY ISSUING PROSPECTUS, OFFER DOCUMENT OR ADVERTISEMENT SOLICITING MONEY FROM PUBLIC) FROM 12-SEP-2022 TO 11-SEP-2024
REACHED SETTLEMENT (CONSENT ORDER) (AGREED VOLUNTARILY TO UNDERTAKE TO PROVIDE ANOTHER EXIT OFFER TO ITS PUBLIC SHAREHOLDERS AFTER SETTLEMENT ORDER AT SAME EXIT PRICE AS WAS OFFERED IN THE OFFER GIVEN BY IT IN 2019)
12-SEP-2022
|
SEBI VIDE ITS ORDER DATED 17/11/2025 REVOKED AND WITHDRAWN SETTLEMENT ORDER DATED 12/09/2022 QUA ALL THE NOTICEES FOR NON COMPLIANCE WITH THE TERMS OF SETTLEMENT ORDER
|
| 48 |
|
|
BHARAT ROAD NETWORK LTD.
(PAN:AADCB0921B)
|
|
|
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
|
SAT: SAT VIDE ITS ORDER DATED 09/08/2019 CONDONED THE DEALY IN FILING OF APPEAL AND DIRECTED SEBI TO PASS FINAL ORDER WITHIN FOUR WEEKS FROM DATE OF THIS ORDER
SEBI VIDE ITS ORDER DATED 11/09/2019 REVOKED ITS DIRECTION ISSUED VIDE ITS AD INTERIM EX-PARTE ORDER DATED 14/03/2019
SEBI VIDE ITS ORDER DATED 12/11/2020 DISPOSED OFF THE ONGOING PROCEEDINGS
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
|
| 49 |
|
|
BHUSHAN STEEL LTD.
|
|
|
DID NOT MAKE DISCLOSURE TO STOCK EXCHANGES DEFAULT IN PAYMENT OF INTEREST AND PRINCIPAL AMOUNT IN RESPECT OF VARIOUS SERIES OF NCDS VIOLATING REGULATION 51(1) OF SEBI (LODR) REGULATIONS, 2015
DID NOT MAKE DISCLOSURE TO STOCK EXCHANGES EXPECTED DEFAULT AND/OR ACTION IN TIMELY PAYMENT OF INTEREST/PRINCIPAL IN RESPECT OF NCDS VIOLATING REGULATION 51(2) READ WITH PART B OF SCHEDULE III (CLAUSES A1, A4 AND A9) OF SEBI (LODR) REGULATIONS, 2015
DID NOT MAKE DISCLOSURE OF LINE ITEMS WHILE SUBMITTING FINANCIAL RESULTS TO STOCK EXCHANGES VIOLATING REGULATION 52(4) OF SEBI (LODR) REGULATIONS, 2015
DID NOT SUBMIT CERTIFICATE SIGNED BY DEBENTURE TRUSTEE TO STOCK EXCHANGES NCDS VIOLATING REGULATION 52(5) OF SEBI (LODR) REGULATIONS, 2015
DID NOT MAKE DISCLOSURE OF SECURITY CREATED AND MAINTAINED WITH RESPECT TO ITS LISTED NCDS TO STOCK EXCHANGES VIOLATING REGULATION 54(2) OF SEBI (LODR) REGULATIONS, 2015
DID NOT SUBMIT CERTIFICATE TO STOCK EXCHANGES WITHIN TWO DAYS OF INTEREST/PRINCIPAL OF BECOMING DUE IN RESPECT OF NCDS VIOLATING REGULATION 57(1) OF SEBI (LODR) REGULATIONS, 2015
DID NOT SUBMIT STATEMENT OF INVESTOR'S COMPLAINTS TO STOCK EXCHANGES VIOLATING REGULATION 13(3) OF SEBI (LODR) REGULATIONS, 2015
|
IMPOSED PENALTY RS.2,00,000
14-FEB-2022
|
SAT: SAT VIDE ITS ORDER DATED 20/12/2022 ALLOWED THE APPEAL AND QUASHED IMPUGNED ORDER DATED 14/02/2022
|
| 50 |
|
|
BILCARE LTD.
(CIN:L28939PN1987PLC043953
PAN:AABCB2242F)
|
|
|
|
AVINASH JOSHI
PAN:AEUPJ5584N
|
|
|
MOHAN H.BHANDARI
PAN:AEQPB1073A
|
|
|
NUTAN BHANDARI
PAN:ADZPB4130E
|
|
|
PAWAN CHANDAK
PAN:AEYPC3412L
|
|
|
PRAFUL R.NAIK
PAN:AAGPN6187R
|
|
|
RAJENDRA B.TAPADIA
PAN:AAJPT0502B
|
|
DID NOT PRESENT TRUE AND FAIR FINANCIAL STATEMENTS VIOLATING SECTIONS 12A(B) TO 12A(C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(C) TO 3(D), 4(1), 4(2)(F) AND 4(2)(R) READ WITH 2(1)(B) AND 2(1)(C) (1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF BILCARE LTD.
DID NOT PRESENT TRUE AND FAIR FINANCIAL STATEMENTS VIOLATING CLAUSES 41(I)(A) AND 49 OF ERSTWHILE EQUITY LISTING AGREEMENT READ WITH SECTION 21 OF SCRA, 1956
DID NOT PRESENT TRUE AND FAIR FINANCIAL STATEMENTS VIOLATING REGULATIONS 4(1)(A), 4(1)(B), 33(1), 34(3), 48 READ WITH 4(2)(E) OF SEBI (LODR) REGULATIONS, 2015
|
IMPOSED PENALTY RS.2,00,000
30-MAY-2024
|
|
| 51 |
|
|
BINNY LTD.
(PAN:AAACB2529G)
|
|
|
|
T.RADHAKRISHNAN
PAN:AAAPR3503M
|
|
ALLEGED FAILURE TO ACT INDEPENDENTLY IN THE INTERESTS OF THE SHAREHOLDER AND ONLY ACTED AS PER THE DIRECTIONS OF THE MANAGEMENT IN MATTER OF BINNY LTD.
|
REACHED SETTLEMENT ( CONSENT ORDER)
13-FEB-2024
|
|
| 52 |
|
|
BINNY LTD.
(PAN:AAACB2529G)
|
|
|
|
T.MANISRIRAM
PAN:AANPS3888D
|
|
ALLEGED FAILURE TO ACT INDEPENDENTLY IN THE INTERESTS OF THE SHAREHOLDER AND ONLY ACTED AS PER THE DIRECTIONS OF THE MANAGEMENT IN MATTER OF BINNY LTD.
|
REACHED SETTLEMENT ( CONSENT ORDER)
13-FEB-2024
|
|
| 53 |
|
|
BINNY LTD.
(PAN:AAACB2529G)
|
|
|
|
D.V.R.PRAKASH RAO
PAN:AHWPP0117E
|
|
ALLEGED FAILURE TO ACT INDEPENDENTLY IN THE INTERESTS OF THE SHAREHOLDER AND ONLY ACTED AS PER THE DIRECTIONS OF THE MANAGEMENT IN MATTER OF BINNY LTD.
|
REACHED SETTLEMENT ( CONSENT ORDER)
13-FEB-2024
|
|
| 54 |
|
|
BINNY LTD.
(PAN:AAACB2529G)
|
|
|
|
ARVIND NANDAGOPAL
PAN:AAFPA6259G
|
|
|
MASILAMANI NANDAGOPAL
PAN:AADPN2678L
|
|
|
T.KRISHNAMURTHY
PAN:AAAPK7442G
|
|
DID NOT MAKE DISCLOSURE OF ORDER OF HON’BLE SUPREME COURT DATED 04/08/2023 TO STOCK EXCHANGE VIOLATING REGULATIONS 30(1) READ WITH 30(2) AND CLAUSE 20 OF PARA A OF PART A OF SCHEDULE III OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF BINNY LTD.
DELAY IN MAKING DISCLOSURE OF INITIATION OF FORENSIC AUDIT TO STOCK EXCHANGES VIOLATING REGULATION 30(6) READ WITH CLAUSE 17(A) OF PARA A OF PART A OF SCHEDULE III OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF BINNY LTD.
DELAY IN MAKING DISCLOSURE OF RESIGNATION OF DIRECTOR TO STOCK EXCHANGES VIOLATING REGULATIONS 30(6) READ WITH CLAUSE 7 OF PARA A OF PART A OF SCHEDULE III OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF BINNY LTD.
DID NOT INTIMATE MCA REGARDING RESIGNATION OF DIRECTOR VIOLATING REGULATION 4(1)(G) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF BINNY LTD.
SUBMITTED CONTRADICTORY DISCLOSURES REGARDING BOARD MEETINGS TO STOCK EXCHANGES VIOLATING REGULATION 4(1)(E) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF BINNY LTD.
DID NOT MAKE DISCLOSURE OF APPOINTMENT OF DIRECTORS AND/OR CHIEF FINANCIAL OFFICER TO STOCK EXCHANGES VIOLATING REGULATIONS 30(1) READ WITH30(2) AND CLAUSE 7 OF PARA A OF PART A OF SCHEDULE III OF SEBI (LODR) REGULATIONS, 2015 AND SEBI CIRCULAR DATED 13/07/2023 IN MATTER OF BINNY LTD.
DID NOT MAKE DISCLOSURE OF ORDERS OF HON’BLE MADRAS HIGH COURT TO STOCK EXCHANGES VIOLATING REGULATIONS 30(1) READ WITH 30(2) AND CLAUSE 20 OF PARA A OF PART A OF SCHEDULE III OF SEBI (LODR) REGULATIONS, 2015 AND SEBI CIRCULAR DATED 13/07/2023 IN MATTER OF BINNY LTD.
DID NOT SUBMIT FINANCIAL STATEMENT, CORPORATE GOVERNANCE REPORT, AND SHAREHOLDING PATTERN TO STOCK EXCHANGES VIOLATING REGULATIONS 27(2), 33(D) AND 31(1)(B) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF BINNY LTD.
DELAY IN MAKING DISCLOSURE TO STOCK EXCHANGES AGREEMENT BETWEEN MR.ARVIND NANDAGOPALAND THEMSELVES VIOLATING REGULATIONS 30(6) READ WITH CLAUSE 5A OF PARA A OF PART A OF SCHEDULE III OF SEBI (LODR) REGULATIONS, 2015 AND SEBI CIRCULAR DATED 13/07/2023 IN MATTER OF BINNY LTD.
DID NOT MAKE DISCLOSURE OF CHANGE IN STATUTORY AUDITOR TO STOCK EXCHANGES VIOLATING REGULATIONS 30(1) READ WITH 30(2) ANDCLAUSES7AND 7A OF PARA A OF PART A OF SCHEDULE III OF SEBI (LODR) REGULATIONS, 2015 AND SEBI CIRCULAR DATED 13/07/2023 IN MATTER OF BINNY LTD.
|
IMPOSED PENALTY RS.15,00,000
30-OCT-2025
|
|
| 55 |
|
|
BINNY LTD.
(PAN:AAACB2529G)
|
|
|
|
ARVIND NANDAGOPAL
PAN:AAFPA6259G
|
|
|
MASILAMANI NANDAGOPAL
PAN:AADPN2678L
|
|
|
T.KRISHNAMURTHY
PAN:AAAPK7442G
|
|
INDULGED IN DIVERSION AND SIPHONING OF FUNDS TO RELATED PARTIES, MISREPRESENTATION OF FINANCIAL STATEMENTS AND MISUSE OF FUNDS/BOOKS OF ACCOUNTS VIOLATING SECTIONS 12A(A) TO 12A(C) OF SEBI ACT, 1992 AND REGULATIONS 3(B) TO 3(D), 4(1), 4(2)(F), 4(2)(K) AND 4(2)(R) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF BINNY LTD.
DID NOT OBTAIN NECESSARY APPROVAL WITH RESPECT TO RELATED PARTY TRANSACTIONS FROM SHAREHOLDERS AND AUDIT COMMITTEE VIOLATING CLAUSE 49(VII) OF ERSTWHILE LISTING AGREEMENT READ WITH REGULATIONS 103 OF SEBI (LODR) REGULATIONS, 2015 AND REGULATIONS 23(2), 23(4), 23(8), 33(1)(A), 33(1)(C) AND 48 OF SEBI (LODR) REGULATIONS, 2015
INDULGED IN MISREPRESENTATION OF FINANCIAL STATEMENTS AND MISUSE OF FUNDS/BOOKS OF ACCOUNTS VIOLATING OF BINNY LTD. VIOLATING REGULATIONS 4(1)(A) TO 4(1)(C), (G), (H) AND (J) OF SEBI (LODR) REGULATIONS, 2015
|
DIRECTED TO BRING BACK RS.706.03 CRORE WHICH WAS DIVERTED TO VARIOUS VENDORS AND MOHAN BREWERIES & DISTILLERIES LTD. ALONG WITH @12% TO BE COMPUTED FROM RESPECTIVE DATE OF EACH DEBIT TRANSACTIONS RECORDED IN COMPANY’S ACCOUNTS
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 31-JUL-2024 TO 30-JUL-2027
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 31-JUL-2024 TO 30-JUL-2027
IMPOSED PENALTY RS.6,00,00,000
31-JUL-2024
|
SEBI VIDE ITS NOTICE DATED 07/11/2024 DIRECTED TO PAY RS.6,30,01,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 12/11/2024 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 19/11/2024 DIRECTED ALL THE BANKS IN INDIA/NSDL/CDSL TO RELEASE ALL THE BANK/POST OFFICE ACCOUNTS OF THE DEFAULTER WHICH WERE ATTACHED PURSUANT TO THE NOTICE OF ATTACHMENT DATED 12/11/2024
SAT: SAT VIDE ITS ORDER DATED 19/11/2024 CONDONED THE DELAY OF 8 DAYS IN FILING OF APPEAL
SAT: SAT VIDE ITS ORDER DATED 26/11/2024 ALLOWED RESPONDENT THREE WEEKS TO FILE REPLY AND FILE REJOINDER THREE WEEKS THEREAFTER. STAYED DIRECTION AT PARAGRAPH NO.320(A) OF THE IMPUGNED ORDER FOR THREE MONTHS. STAYED DIRECTION AT PARAGRAPH NO.320(D) OF THE IMPUGNED ORDER SUBJECT TO DEPOSIT 50% PENALTY AMOUNT WITHIN FOUR WEEKS FROM DATE OF THIS ORDER
SAT: SAT VIDE ITS ORDER DATED 23/01/2025 GRANTED APPELLANT FOUR WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 24/02/2025 GRANTED RESPONDENT A WEEK’S TO FILE AFFIDAVIT STATING THE RESULT OF VERIFICATION OF TITLE DOCUMENTS SUBMITTED BY THE APPELLANT
SAT: SAT VIDE ITS ORDER DATED 18/03/2025 GRANTED APPELLANT TWO WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 22/07/2025 APPELLANT TO FILE STATUS REPORT WITHIN TWO WEEKS FROM DATE OF THIS ORDER
|
| 56 |
|
|
BINNY LTD.
(PAN:AAACB2529G)
|
|
|
|
S.JAGADEESAN
PAN:AAAPJ7386G
|
|
ALLEGED FAILURE TO ACT INDEPENDENTLY IN THE INTERESTS OF THE SHAREHOLDER AND ONLY ACTED AS PER THE DIRECTIONS OF THE MANAGEMENT IN MATTER OF BINNY LTD.
|
REACHED SETTLEMENT ( CONSENT ORDER)
13-FEB-2024
|
|
| 57 |
|
|
BINNY LTD.
(PAN:AAACB2529G)
|
|
|
|
NATE NANDHA
PAN:AACPN7263L
|
|
INDULGED IN DIVERSION AND SIPHONING OF FUNDS TO RELATED PARTIES, MISREPRESENTATION OF FINANCIAL STATEMENTS AND MISUSE OF FUNDS/BOOKS OF ACCOUNTS VIOLATING SECTIONS 12A(A) TO 12A(C) OF SEBI ACT, 1992 AND REGULATIONS 3(B) TO 3(D), 4(1), 4(2)(F), 4(2)(K) AND 4(2)(R) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF BINNY LTD.
INDULGED IN DIVERSION AND SIPHONING OF FUNDS TO RELATED PARTIES, MISREPRESENTATION OF FINANCIAL STATEMENTS AND MISUSE OF FUNDS/BOOKS OF ACCOUNTS VIOLATING REGULATIONS 4(2)(F)(I)(2), 4(2)(F)(II)(2), (6), (7), 4(2)(F)(III)(1), (3), (6) AND (12) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF BINNY LTD.
DID NOT OBTAIN NECESSARY APPROVAL WITH RESPECT TO RELATED PARTY TRANSACTIONS FROM SHAREHOLDERS AND AUDIT COMMITTEE VIOLATING CLAUSE 49(VII)(E) OF ERSTWHILE LISTING AGREEMENT READ WITH REGULATIONS 103 OF SEBI (LODR) REGULATIONS, 2015 AND REGULATIONS 23(2), 23(4) AND 23(8) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF BINNY LTD.
DID NOT OBTAIN NECESSARY APPROVAL WITH RESPECT TO RELATED PARTY TRANSACTIONS FROM SHAREHOLDERS AND AUDIT COMMITTEE VIOLATING CLAUSE 49(VII) OF ERSTWHILE LISTING AGREEMENT READ WITH REGULATIONS 103 OF SEBI (LODR) REGULATIONS, 2015 AND SECTION 21 OF SCRA, 1956 IN MATTER OF BINNY LTD.
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 31-JUL-2024 TO 30-JUL-2026
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 31-JUL-2024 TO 30-JUL-2026
RESTRAINED FROM ASSOCIATED WITH ANY LISTED COMPANY AND ANY PUBLIC COMPANY AS DIRECTORS/PROMOTERS WHICH INTENDS TO RAISE MONEY FROM THE PUBLIC AND/OR ANY INTERMEDIARY WITH SEBI FROM 31-JUL-2024 TO 30-JUL-2026
IMPOSED PENALTY RS.14,00,00,000
31-JUL-2024
|
|
| 58 |
|
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BLUE BLENDS (INDIA) LTD.
(CIN:L17120MH1981PLC023900
PAN:AAACB1690C)
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DID NOT SUBMIT STATEMENT OF INVESTOR'S COMPLAINTS TO STOCK EXCHANGES VIOLATING REGULATIONS 13(3) AND 13(4) OF SEBI (LODR) REGULATIONS, 2015
DID NOT SUBMIT STATEMENTS ON QUARTERLY BASIS FOR PUBLIC ISSUE, RIGHT ISSUE AND PREFERENTIAL ISSUE ETC.TO STOCK EXCHANGES VIOLATING REGULATION 32 OF SEBI (LODR) REGULATIONS, 2015
DID NOT PRIOR INTIMATE STOCK EXCHANGES THE DUE DATE OF INTEREST ON DEBENTURES & BONDS AND REDEMPTION AMOUNT OF REDEEMABLE SHARES OR DEBENTURES AND BONDS VIOLATING REGULATION 50(1) OF SEBI (LODR) REGULATIONS, 2015
DID NOT MAKE DISCLOSURE TO STOCK EXCHANGES DEFAULT IN PAYMENT OF INTEREST AND PRINCIPAL AMOUNT IN RESPECT OF VARIOUS SERIES OF NCDS VIOLATING REGULATION 51(1) OF SEBI (LODR) REGULATIONS, 2015
DID NOT MAKE DISCLOSURE OF LINE ITEMS WHILE SUBMITTING FINANCIAL RESULTS TO STOCK EXCHANGES VIOLATING REGULATION 52(4) OF SEBI (LODR) REGULATIONS, 2015
DID NOT SUBMIT CERTIFICATE SIGNED BY DEBENTURE TRUSTEE TO STOCK EXCHANGES NCDS VIOLATING REGULATION 52(5) OF SEBI (LODR) REGULATIONS, 2015
DID NOT MAKE DISCLOSURE OF SECURITY CREATED AND MAINTAINED WITH RESPECT TO ITS LISTED NCDS TO STOCK EXCHANGES VIOLATING REGULATION 54(2) OF SEBI (LODR) REGULATIONS, 2015
DID NOT SUBMIT TO STOCK EXCHANGES CERTAIN DOCUMENT SUCH AS ANNUAL REPORT, CERTIFICATION ON UTILIZATION OF FUNDS, CHANGE IN CREDIT RATING, HALF YEARLY ASSETS COVER CERTIFICATE, COPY OF NOTICES, RESOLUTIONS ETC. TO DEBENTURE TRUSTEE PROMPTLY VIOLATING REGULATION 56 OF SEBI (LODR) REGULATIONS, 2015
DID NOT SUBMIT CERTIFICATE TO STOCK EXCHANGES WITHIN TWO DAYS OF INTEREST/PRINCIPAL OF BECOMING DUE IN RESPECT OF NCDS VIOLATING REGULATION 57(1) OF SEBI (LODR) REGULATIONS, 2015
DID NOT INFORM STOCK EXCHANGES RECORD DATE FOR PURPOSES OF PAYMENT OF INTEREST, DIVIDEND AND PAYMENT OF REDEMPTION OR REPAYMENT AMOUNT OR FOR SUCH OTHER PURPOSES AS SPECIFIED BY THE STOCK EXCHANGE VIOLATING REGULATION 60(1) OF SEBI (LODR) REGULATIONS, 2015
DID NOT INTIMATE IN ADVANCE RECORD DATE TO STOCK EXCHANGES IN RESPECT OF VARIOUS SERIES OF NCDS VIOLATING REGULATION 60(2) OF SEBI (LODR) REGULATIONS, 2015
DID NOT ADHERE TO REGULATION 9 OF SEBI (LODR) REGULATIONS, 2015
DID NOT MAINTAIN HUNDRED PERCENT ASSET COVER OR ASSET COVER AS PER TERMS OF OFFER DOCUMENT/INFORMATION MEMORANDUM AND/OR DEBENTURE TRUST DEED, SUFFICIENT TO DISCHARGE PRINCIPAL AMOUNT AT ALL TIMES FOR THE NON-CONVERTIBLE DEBT SECURITIES ISSUE VIOLATING REGULATION 54(1) OF SEBI (LODR) REGULATIONS, 2015
DID NOT GET ITS SECURITIES REVIEWED BY CREDIT RATING AGENCY AT LEAST ONCE A YEAR VIOLATING REGULATION 55 OF SEBI LODR) REGULATIONS, 2015
DID NOT PROVIDE UNDERTAKING TO STOCK EXCHANGES ON ANNUAL BASIS STATING THAT ALL THE DOCUMENTS AND INTIMATIONS REQUIRED TO BE SUBMITTED TO DEBENTURE TRUSTEE IN TERMS OF TRUST DEED AND SEBI (ILDS) REGULATIONS, 2008 HAVE BEEN COMPLIED WITH VIOLATING REGULATION 57(2) OF SEBI (LODR) REGULATIONS, 2015
DID NOT PROVIDE HARD COPY OF ANNUAL REPORTS TO NCDS HOLDERS VIOLATING REGULATION 58 OF SEBI (LODR) REGULATIONS, 2015
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IMPOSED PENALTY RS.3,00,000
25-AUG-2021
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BLUE COAST HOTELS LTD.
(PAN:AAACM0037G)
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AMIT KUMAR SINGHL
PAN:GJOPS0881L
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DID NOT MAKE PROVISION FOR REFUND LIABILITY OF RS.318.95 CRORE VIOLATING REGULATIONS 4(1)(A) TO 4(1)(J), 4(2)(E)(I), 33(1)(C) AND 48 OF SEBI (LODR) REGULATIONS, 2015 READ WITH IND AS 1 AND 37 IN MATTER OF BLUE COAST HOTELS LTD.
DID NOT LIST DELHI PROJECT LOSS AS ‘EXCEPTIONAL ITEM’ AND RECORDING OF PAYMENT MADE TO SILVER RESORT HOTEL INDIAPVT.LTD. AS ADVANCE INSTEAD OF LOAN VIOLATING REGULATIONS 4(1)(A) TO 4(1)(J), 4(2)(E)(I), 33(1)(C) AND 48 OF SEBI (LODR) REGULATIONS, 2015 READ WITH IND AS 1 AND 37 IN MATTER OF BLUE COAST HOTELS LTD.
DID NOT OBTAIN PRIOR APPROVAL OF SHAREHOLDERS FOR RELATED PARTY TRANSACTIONS WITH RESPECT TO SALE TRANSACTION OF RS.10.48 CRORE OF INVESTMENT IN JOY HOTEL TO SILVERRING VIOLATING REGULATIONS 4(1)(A) TO 4(1)(J), 4(2)(E)(I), 33(1)(C) AND 48 OF SEBI (LODR) REGULATIONS, 2015 READ WITH IND AS 1 AND 37 IN MATTER OF BLUE COAST HOTELS LTD.
FURNISHED UNTRUE CERTIFICATES WITH RESPECT TO FINANCIAL STATEMENTS VIOLATING REGULATION 17(8) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF BLUE COAST HOTELS LTD.
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IMPOSED PENALTY RS.5,00,000
11-MAR-2026
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BLUE COAST HOTELS LTD.
(PAN:AAACM0037G)
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KUSHAL SURI
PAN:BOFPS9411B
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ALLEGED FAILURE IN MAKING PROVISION FOR THE REFUND LIABILITY OF RS.318.95 CRORE
DURING FY.2019 TO FY.22 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 READ WITH IND AS1 AND 37
ALLEGED THAT COMPANY RECORDED LOSS OF RS.8.82 CRORE IN ITS DELHI HOTEL PROJECT AS “MISCELLANEOUS EXPENSES” INSTEAD AS EXCEPTIONAL ITEMS IN FINANCIAL STATEMENTS VIOLATING REGULATIONS 4(1)(A) TO 4(1)(E), 4(1)(G) TO4(1) (J), 4(2)(E)(I), 33(1)(C) AND 48 OF SEBI (LODR) REGULATIONS, 2015 READ WITH IND AS1 AND 37
ALLEGED THAT RS.2.49 CRORE PAID TO SILVER RESORT HOTEL INDIA PVT.LTD. DURING FY.2021–22 FOR MAKING PAYMENTS TO COMMERCIAL SPACE BUYERS AND SUCH AMOUNT RECORDED AS “ADVANCE TO SUPPLIER” INSTEAD OF LOAN IN FINANCIAL STATEMENTS VIOLATING REGULATIONS 4(1)(A) TO 4(1)(E), 4(1)(G) TO4(1) (J), 4(2)(E)(I), 33(1)(C) AND 48 OF SEBI (LODR) REGULATIONS, 2015 READ WITH IND AS1 AND 37
ALLEGED FAILURE IN OBTAINING MANDATORY APPROVAL OF SHAREHOLDERS AND FURTHER DID NOT DISCLOSE CONCERNED ENTITIES AS RELATED PARTIES IN ITS ANNUAL REPORT VIOLATING REGULATIONS 4(1)(A) TO 4(1)(E), 4(1)(G) TO4(1) (J), 4(2)(E)(I), 23(4), 34 AND 48 OF SEBI (LODR) REGULATIONS, 2015 READ WITH IND AS 24
ALLEGED FAILURE IN OBTAINING PRIOR APPROVAL OF AUDIT COMMITTEE AND SHAREHOLDERS TO ENTER INTO MATERIAL RELATED PARTY TRANSACTION VIOLATING REGULATIONS 23(2), 23(4), 23(9), 34(3) AND 48 OF SEBI (LODR) REGULATIONS, 2015
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REACHED SETTLEMENT (SETTLEMENT CHARGES RS.78,00,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
14-JAN-2026
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