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 : 10-SEP-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: 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

S.No.

ENTITY

PERSONS

REGULATORY CHARGES

REGULATORY ACTION(S) / DATE OF ORDER

FURTHER DEVELOPMENTS

681

PS IT INFRASTRUCTURE & SERVICES LTD.

(CIN:L72900MH1982PLC027146
PAN:AAACP6501C)

INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF GREENCREST FINANCIAL SERVICES LTD.

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 05-JUN-2020 TO 04-JUN-2023

DIRECTED TO FREEZE EXISTING HOLDING OF SECURITIES, INCLUDING UNITS OF MUTUAL FUNDS

05-JUN-2020

SAT: SAT VIDE ITS ORDER DATED 10/11/2021 ALLOWED APPELLANT THREE WEEKS TIME TO FILE REJOINDER

682

PUNJAB MERCANTILE & TRADERS LTD.

(PAN:AAACP0228J)

DID NOT ADHERE TO VARIOUS SEBI CIRCULARS

DIRECTED TO MAKE PROPER AND COMPLETE DISCLOSURE

DIRECTED CALCUTTA STOCK EXCHANGE TO TAKE ACTION AGAINST NOTICEES IN TERMS OF INSTRUCTIONS AS PER SEBI CIRCULAR

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 28-MAR-2023 TILL COMPLYING WITH THE MPS REQUIREMENT

IMPOSED PENALTY RS.20,00,000

28-MAR-2023

683

PUSHPANJALI COMMOTRADE PVT.LTD.

(PAN:AAECP9727C)

INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF NOUVEAU GLOBAL VENTURES LTD.

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 19-MAR-2021 TO 18-MAR-2022

DIRECTED TO FREEZE EXISTING HOLDING OF SECURITIES, INCLUDING UNITS OF MUTUAL FUNDS

19-MAR-2021

684

QUANTUM SECURITIES PVT.LTD.

(PAN:AAACQ0160C)

TRADED WHILE IN POSSESSION OF UNPUBLISHED PRICE SENSITIVE INFORMATION VIOLATING SECTIONS 12A(D) AND 12A(E) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(I) AND 4 OF SEBI (PIT) REGULATIONS, 1992 AND REGULATION 12 OF SEBI (PIT) REGULATIONS, 2015 IN MATTER OF NEW DELHI TELEVISION LTD.

DIRECTED TO DISGORGE RS.2,20,00,000 ALONG WITH OTHER ENTITIES/PERSONS

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 27-NOV-2020 TO 26-NOV-2022

DIRECTED TO FREEZE EXISTING HOLDING OF SECURITIES, INCLUDING UNITS OF MUTUAL FUNDS

27-NOV-2020

SAT: SAT VIDE ITS ORDER DATED 10/12/2020 ALLOWED THE URGENCY APPLICATION AND IN THE MEANTIME, EFFECT AND OPERATION OF IMPUGNED ORDER DIRECTED TO BE STAYED UPON DEPOSIT OF RS.1 CRORE WITH RESPONDENT WITHIN TWO WEEKS FROM DATE OF THIS ORDER

SAT: SAT VIDE ITS ORDER DATED 02/02/2021 DIRECTED APPELLANT TO FILE THEIR REJOINDER AFFIDAVITS WITHIN THREE WEEKS FROM DATE OF THIS ORDER AND MATTER TO BE LISTED FOR ADMISSION AND FINAL DISPOSAL ON 24/02/2021

685

QUEST FINANCIAL SERVICES LTD.

(CIN:L65993WB1980PLC033060
PAN:AAACQ0461C)

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AMIT JAJODIA

PAN:ACXPJ4921E

BIJAY KUMAR AGARWAL

PAN:ACMPA7224N

JYOTI LOHIA

PAN:ABPPL4948Q

KISHAN KUMAR JAJODIA

PAN:ACUPJ9687L

INDULGED IN MISREPRESENTATION OF FINANCIALS AND/OR BUSINESS AND MISUSE OF FUNDS/BOOKS OF ACCOUNTS OF QUEST FINANCIAL SERVICES LTD. AND SUBSIDIARIES VIOLATING REGULATIONS 4(2)(F)(II)(6), (7), 4(2)(F)(III)(3), (6) AND (12) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF QUEST FINANCIAL SERVICES LTD.

DID NOT ADHERE TO REGULATION 33(2)(A) FOR CERTIFICATION AND APPROVAL OF FINANCIAL RESULTS IN MATTER OF QUEST FINANCIAL SERVICES LTD.

686

QUEST FINANCIAL SERVICES LTD.

(CIN:L65993WB1980PLC033060
PAN:AAACQ0461C)

PRAKASH KUMAR JAJODIA

PAN:ACOPJ3493L

RABINDRA KUMAR HISARIA

PAN:AASPH1680H

DID NOT FURNISH INFORMATION AND DID NOT COOPERATE WITH FORENSIC AUDITOR

INDULGED IN MISREPRESENTATION OF FINANCIALS AND/OR BUSINESS AND MISUSE OF FUNDS/BOOKS OF ACCOUNTS OF QUEST FINANCIAL SERVICES LTD. AND SUBSIDIARIES VIOLATING SECTIONS 12A(A) TO 12A(C) OF SEBI ACT, 1992 AND REGULATIONS 3(B) TO (D), 4(1), 4(2) (F) AND (R) OF SEBI (PFUTP) REGULATION, 2003

INDULGED IN MISREPRESENTATION OF FINANCIALS AND/OR BUSINESS AND MISUSE OF FUNDS/BOOKS OF ACCOUNTS OF QUEST FINANCIAL SERVICES LTD. AND SUBSIDIARIES VIOLATING REGULATIONS 4(2)(F)(II)(6), (7), 4(2)(F)(III)(3), (6) AND (12) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF QUEST FINANCIAL SERVICES LTD.

SAT: SAT VIDE ITS ORDER DATED 16/09/2022 CONDONED THE DELAY IN FILING OF APPEAL

SAT: SAT VIDE ITS ORDER DATED 01/11/2022 DISMISSED THE APPEAL FOR WANT OF PROSECUTION

SAT: SAT VIDE ITS ORDER DATED 01/12/2023 CONDONED THE DELAY IN FILING OF APPEAL AND RECALLED ORDER DATED 01/11/2023

SAT: SAT VIDE ITS ORDER DATED 04/12/2023 PARTLY ALLOWED THE APPEAL BY REDUCING PENALTY AMOUNT TO RS.15 LAC FROM RS.40 LAC

687

QUICK DEVELOPERS PVT.LTD.

(PAN:AAACQ2182N)

AMIT GARG

PAN:AAJPG0015G

TRADED WHILE IN POSSESSION OF UNPUBLISHED PRICE SENSITIVE INFORMATION VIOLATING SECTION 12A(D) AND (E) OF SEBI ACT AND REGULATION 4(1) READ WITH 4(2) OF SEBI (PIT) REGULATIONS, 2015 IN MATTER OF PC JEWELLER LTD.

DIRECTED TO DISGORGE RS.2,13,23,162 ALONG WITH OTHER ENTITIES/PERSONS

DIRECTED TO CREDIT AMOUNTS TO ESCROW ACCOUNT IN NATIONALISED BANK

DIRECTED BANKS AND DEPOSITORIES NOT TO DEBIT AND/OR CREDIT, WITHOUT PERMISSION OF SEBI IN RESPECT OF BANK/DEMAT ACCOUNTS, HELD JOINTLY AND SEVERALLY

DIRECTED BANKS AND/OR DEPOSITORIES AND/OR CUSTODIANS TO ENSURE STRICT ENFORCEMENT OF DIRECTIONS

DIRECTED NOT TO DISPOSE OF OR ALIENATE ANY OF THEIR ASSETS / PROPERTIES / SECURITIES, TILL SUCH TIME UNLAWFUL GAINS ARE CREDITED TO ESCROW ACCOUNT

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

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 11-MAY-2021 TO 11-MAY-2022

17-DEC-2019

SEBI VIDE ITS ORDER DATED 11/05/2021 DIRECTED TO RESTRAIN FROM ACCESSING THE 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 A PERIOD OF ONE YEAR FROM DATE OF THIS ORDER B) DISGORGE JOINTLY AND SEVERALLY, A SUM OF RS. 2,13,23,161.64 IMPOUNDED BY IMPOUNDING ORDER PASSED IN THE PRESENT MATTER AND THE SAME SHALL BE CREDITED TO THE INVESTOR PROTECTION AND EDUCATION FUND (IPEF)

688

R B HORTICULTURE & ANIMAL PROJECT LTD.

(CIN:U01122WB2007PLC112359
PAN:AADCR5459C)

CHANDANA SARDAR BAIDYA

PAN:CYUPS9717E

JAYANTA BERA

PAN:AWNPB7079H

KOUSHIK BAIDYA

DIN:02011631

RABIN CHATTERJEE

PAN:ARQPC7442M

RANJIT KUMAR BAIDYA

DIN:01671669
PAN:ALJPB0182C

SUJIT BAIDYA

DIN:01723330

SWAPNA BAIDYA

DIN:01671773

MOBILIZED RS.11.41 LACS FROM PUBLIC THROUGH ISSUANCE OF SECURED REDEEMABLE DEBENTURES (SRDS) BY WAY OF PRIVATE PLACEMENT TO 83 INVESTORS VIOLATING SECTIONS 62 OF THE COMPANIES ACT, 1956

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 31-DEC-2020 TILL FURTHER ORDERS

DIRECTED NOT TO DISPOSE OF, ALIENATE OR ENCUMBER ANY ASSETS / PROPERTIES

DIRECTED NOT TO DIVERT ANY FUNDS RAISED FROM PUBLIC EITHER THROUGH OFFER AND ALLOTMENTS OF PREFERENCE SHARES AND/OR ALLOTMENT OF DEBENTURES

DIRECTED TO FURNISH ALL INFORMATION/DOCUMENTS IN CONNECTION WITH OFFER AND ALLOTMENT OF SECURED REDEEMABLE DEBENTURES

31-DEC-2020

689

R G S TRADERS PVT.LTD.

(PAN:AACCR1293D)

AIDED AND ABETTED RANA SUGARS LTD. AND ITS PROMOTERS/DIRECTORS TO SIPHONING OFF/DIVERSION OF FUNDS FROM RANA SUGARS LTD. VIOLATING SECTIONS 12A(B) AND 12A (C) OF SEBI ACT, 1992 AND REGULATIONS 3(C) AND 3(D) READ WITH 4(1), 4(2)(F) AND 4(2)(K) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF RANA SUGAR LTD.

SAT: SAT VIDE ITS ORDER DATED 06/01/2025 GRANTED APPELLANTS A WEEK�S TO FILE REJOINDER

SAT: SAT VIDE ITS ORDER DATED 15/01/2025 ALLOWED THE EXEMPTION APPLICATION AND GRANTED EARLIER INTERIM PROTECTION TO BE CONTINUE TILL NEXT DATE OF HEARING

SAT: SAT VIDE ITS ORDER DATED 30/01/2025 GRANTED RESPONDENT FOUR WEEKS TO FILE REPLY AND REJOINDER, IF ANY, BE FILED WITHIN TWO WEEKS THEREAFTER

SAT: SAT VIDE ITS ORDER DATED 06/03/2025 DIRECTED SEBI TO FILE REPLY WITHIN FOUR WEEKS AND REJOINDER, IF ANY, TO BE FILED TWO WEEKS THEREAFTER. IN THE MEANWHILE, SEBI NOT TO INITIATE ANY COERCIVE ACTION AGAINST APPELLANTS

SAT: SAT VIDE ITS ORDER DATED 11/06/2025 CONDONED THE DELAY IN FILING OF REPLY AND GRANTED APPELLANT THREE WEEKS TO FILE REJOINDER

690

R J TEXFAB PVT.LTD.

(PAN:AACCR1544H)

691

RAAHUL HANSRAJ SHAH (HUF)

(PAN:AARHR6643F)

INDULGED IN FRONT RUNNING THE TRADES OF BIG CLIENTS VIOLATING SECTIONS 12A(A) TO 12A(C) AND 12A(E) OF SEBI ACT, 1992 AND REGULATIONS 3(A) TO 3(D), 4(1) AND 4(2)(Q) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF BHARAT KANAIYALAL SHETH FAMILY TRUST, RAVI KANAIYALAL SHETH FAMILY TRUST AND ARJUN DISCRETIONARY TRUST

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 23-OCT-2025 TO 22-OCT-2026

RESTRAINED FROM SELLING ASSETS, PROPERTIES AND HOLDING OF MUTUAL FUNDS/SHARES/SECURITIES HELD IN DEMAT AND PHYSICAL FORM FROM 23-OCT-2025 TO 22-OCT-2026

ALLOWED BANKS TO DEBIT FOR THE PURPOSE OF MAKING REFUNDS TO CLIENTS/INVESTORS/COMPLAINANTS

IMPOSED PENALTY RS.5,00,000

23-OCT-2025

SAT: SAT VIDE ITS ORDER DATED 13/02/2026 CONDONED THE DELAY OF 07 DAYS IN FILING OF APPEAL. ALLOWED RESPONDENT SIX WEEKS TO FILE REPLY AND REJOINDER, IF ANY, BE FILED WITHIN THREE WEEKS THEREAFTER

SAT: SAT VIDE ITS ORDER DATED 10/08/2026 PARTLY ALLOWED THE APPEAL BY MODIFYING PENALTY AMOUNT TO RS.5 LAC FROM RS.6 LAC AND DEBARMENT TO ONE YEAR FROM TWO YEARS. NO COSTS

692

RAGHUVANSH AGROFARMS LTD.

(PAN:AABCR8407N)

INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SELF-TRADES IN SCRIP OF SULABH ENGINEERS & SERVICES LTD.

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 03-SEP-2020 TO 02-SEP-2025

DIRECTED TO FREEZE EXISTING HOLDING OF SECURITIES, INCLUDING UNITS OF MUTUAL FUNDS

03-SEP-2020

SAT: SAT VIDE ITS ORDER DATED 13/07/2021 CONDONED THE DELAY IN FILING OF APPEAL AND ALLOWED RESPONDENT TO FILE REPLY WITHIN TWO WEEKS AND REJOINDER MAY BE FILED WITHIN TWO WEEKS THEREAFTER

SAT: SAT VIDE ITS ORDER DATED 29/04/2022 DISMISSED THE APPEAL. NO COSTS

SAT VIDE ITS ORDER DATED 05/09/2023 DISMISSED THE APPEAL

693

RAINBOW PAPERS LTD.

(CIN:L21010GJ1986PLC008772
PAN:AAACR5415K)

AJAYKUMAR RADHESHYAM GOENKA

PAN:AAZPG8113B

MUKESH BABULAL CHAURADIYA

PAN:AAVPC0966A

SANGEETA AJAY GOENKA

PAN:AADPG0153F

INDULGED IN FACILITATING SUBSCRIPTION OF 10,235,455 GDRS AMOUNTING TO USD 27.02 MN. GDRS BY VINTAGE FZE, UAE THROUGH FINANCE OBTAINED FROM EURAM BANK, AUSTRIA FOR SUBSCRIPTION OF GDR AND ISSUER COMPANY (RAINBOW PAPERS LTD.) PLEDGED GDR WITH EURAM BANK VIOLATING SECTIONS 12A(A) TO (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

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 26-OCT-2021 TO 25-OCT-2024

DIRECTED TO CONTINUE TO PURSUE THE MEASURES OF BRING BACK OUTSTANDING USD 6,260,183 INTO ITS BANK ACCOUNT IN INDIA

DIRECTED TO FURNISH CERTIFICATE FROM PEER REVIEWED CHARTERED ACCOUNTANTS ALONGWITH NECESSARY DOCUMENTARY EVIDENCES TO SEBI

26-OCT-2021

694

RAJEEV GOEL (HUF)

(PAN:AAEHR5208M)

INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF YAMINI INVESTMENTS CO.LTD.

SAT: SAT VIDE ITS ORDER DATED 16/10/2023 DIRECTED RESPONDENT TO FILE REPLY WITHIN THREE WEEKS FROM DATE OF THIS ORDER AND REJOINDER TO BE FILED ON OR BEFORE NEXT DATE. STAYED EFFECT AND OPERATION OF IMPUGNED ORDER

SAT: SAT VIDE ITS ORDER DATED 09/11/2023 CONDONED THE DELAY IN FILING OF APPEAL. IN THE MEANWHILE, RESPONDENT TO FILE REPLY WITHIN THREE WEEKS FROM DATE OF THIS ORDER AND REJOINDER TO BE FILED ON OR BEFORE NEXT DATE. STAYED EFFECT AND OPERATION OF THE IMPUGNED ORDER

SAT: SAT VIDE ITS ORDER DATED 22/12/2023 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER

SAT: SAT VIDE ITS ORDER DATED 22/03/2024 ALLOWED RESPONDENT THREE WEEKS TO FILE REPLY AND APPELLANT TO FILE REJOINDER THREE WEEKS THEREAFTER

SAT: SAT VIDE ITS ORDER DATED 14/06/2024 CONDONED THE DELAY IN FILING OF APPEAL AND REJOINDER TO BE FILED WITHIN THREE WEEKS FROM DATE OF THIS ORDER

695

RAJESH GUPTA (HUF)

(PAN:AAGHR4685G)

DELAY IN PAYMENT OF CONSIDERATION OF OFF-MARKET TRANSACTIONS VIOLATING SECTION 16 OF SCRA, 1956 READ WITH SEBI NOTIFICATION NO.G.S.R.219 (E) DATED 02/03/2000 AND SECTIONS 13 AND 18 OF SCRA READ WITH SECTIONS 2(I) OF SCRA ACT, 1956 IN MATTER OF SHILPI CABLE TECHNOLOGIES LTD.

696

RAJPUTANA DIGITAL MEDIA PVT.LTD.

(PAN:AAECR9659R)

INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF YAMINI INVESTMENTS CO.LTD.

SAT: SAT VIDE ITS ORDER DATED 09/11/2023 CONDONED THE DELAY IN FILING OF APPEAL. IN THE MEANWHILE, RESPONDENT TO FILE REPLY WITHIN THREE WEEKS FROM DATE OF THIS ORDER AND REJOINDER TO BE FILED ON OR BEFORE NEXT DATE. STAYED EFFECT AND OPERATION OF THE IMPUGNED ORDER

697

RAKHAL BHAROTI FISH & FOOD PROCESSING LTD.

(CIN:U15139JH2011PLC015092)

CHANDANA SARDAR BAIDYA

PAN:CYUPS9717E

GAUTAM BANOPADHYAY

JAYANTA BERA

PAN:AWNPB7079H

KOUSHIK BAIDYA

DIN:02011631

RABIN CHATTERJEE

PAN:ARQPC7442M

RANJIT KUMAR BAIDYA

DIN:01671669
PAN:ALJPB0182C

SUJIT BAIDYA

DIN:01723330

SWAPNA BAIDYA

DIN:01671773

MOBILIZED RS.11.41 LACS FROM PUBLIC THROUGH ISSUANCE OF SECURED REDEEMABLE DEBENTURES (SRDS) BY WAY OF PRIVATE PLACEMENT TO 83 INVESTORS VIOLATING SECTIONS 56, 60, 62, 67, 73 AND 117C OF THE COMPANIES ACT, 1956 AND SEBI (ISSUE AND LISTING OF DEBT SECURITIES) REGULATIONS, 2008

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 31-DEC-2020 TILL FURTHER ORDERS

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 31-DEC-2020 TILL FURTHER ORDERS

DIRECTED NOT TO DISPOSE OF, ALIENATE OR ENCUMBER ANY ASSETS / PROPERTIES

DIRECTED NOT TO DIVERT ANY FUNDS RAISED FROM PUBLIC EITHER THROUGH OFFER AND ALLOTMENTS OF PREFERENCE SHARES AND/OR ALLOTMENT OF DEBENTURES

DIRECTED TO FURNISH ALL INFORMATION/DOCUMENTS IN CONNECTION WITH OFFER AND ALLOTMENT OF SECURED REDEEMABLE DEBENTURES

31-DEC-2020

SEBI VIDE ITS NOTICE DATED 28/04/2023 DIRECTED TO PAY RS.11,40,500.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE

SEBI VIDE ITS ORDER DATED 28/04/2023 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

698

RAMDUT INFRAPROJECTS PVT.LTD.

(CIN:U45400WB2010PTC143052
PAN:AAFCR7839E)

INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF RUTRON INTERNATIONAL LTD. (CURRENTLY KNOWN AS PAZEL INTERNATIONAL LTD.)

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 15-FEB-2021 TO 14-AUG-2021

DIRECTED TO FREEZE EXISTING HOLDING OF SECURITIES, INCLUDING UNITS OF MUTUAL FUNDS

15-FEB-2021

699

RANA SUGARS LTD.

(PAN:AABCR6744C)

MANOJ GUPTA

PAN:AATPG3850H

RAJBANS KAUR

PAN:AMVPK3864D

RANA GURJEET SINGH

PAN:ADYPS5459E

RANA INDER PRATAP SINGH

PAN:AVNPS6106M

RANA KARAN PARTAP SINGH

PAN:BKYPS5096P

RANA PREET INDER SINGH

PAN:BKYPS5068K

RANA RANJIT SINGH

PAN:ADXPS5464N

RANA VEER PRATAP SINGH

PAN:BAFPS9170M

SUKHJINDER KAUR

PAN:AMVPK3867A

INDULGED IN SIPHONING OFF/DIVERSION OF FUNDS TO ITS PROMOTERS AND THEIR FAMILY MEMBERS THROUGH CONDUIT ENTITIES VIOLATING SECTIONS 12A(B) AND 12A(C) OF SEBI ACT, 1992 AND REGULATIONS 3(C), 3(D), 4(1), 4(2)(F) AND 4(2)(K) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF RANA SUGAR LTD.

ISSUED UNTRUE CERTIFICATES WITH RESPECT TO FINANCIAL STATEMENTS VIOLATING REGULATION 17(8) READ WITH PART B OF SCHEDULE II AND REGULATION 33(2)(A) OF SEBI (LODR) REGULATIONS, 2015 1992 IN MATTER OF RANA SUGAR LTD.

DID NOT MAKE DISCLOSURE OF RELATED PARTY TRANSACTIONS WITH PROMOTER GROUP COMPANY/COMPANIES RELATED TO PROMOTERS AND DID NOT TAKE AUDIT COMMITTEE AND/OR SHAREHOLDER�S APPROVAL FOR UNDISCLOSED RELATED PARTY TRANSACTIONS VIOLATING REGULATIONS 23(2), 23(4), 23(9), 30(2), 30(3), 33(1)(C) AND 34(3) READ WITH PART A OF SCHEDULE V READ WITH CLAUSE (2)(B) AND (3)(C) OF PART C OF SCHEDULE V SEBI (LODR) REGULATIONS, 2015 IN MATTER OF RANA SUGAR LTD.

DID NOT ADHERE TO ACCOUNTING STANDARD VIOLATING REGULATION 48 OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF RANA SUGAR LTD.

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

INDULGED IN SIPHONING OFF/DIVERSION OF FUNDS TO PROMOTERS AND THEIR FAMILY MEMBERS THROUGH CONDUIT ENTITIES VIOLATING REGULATIONS 4(1)(A) TO 4(1)(C), 4(1)(E), 4(1)(G), 4(1)(H), 4(1)(J), 4(2)(E)(I), 33(1)(C) AND 48 OF SEBI (LODR) REGULATIONS, 2015 READ WITH SECTIONS 27(1) AND 27(2) OF SEBI ACT, 1992 IN MATTER OF RANA SUGAR LTD.

DID NOT MAKE DISCLOSURE OF RELATED PARTY TRANSACTIONS IN ANNUAL REPORTS VIOLATING REGULATIONS 4(1)(C) AND 4(1)(E) AOF SEBI (LODR) REGULATIONS, 2015 READ WITH SECTION 27(2) OF SEBI ACT, 1992 IN MATTER OF RANA SUGAR LTD.

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 27-AUG-2024 TO 26-AUG-2026

IMPOSED PENALTY RS.20,00,00,000

RESTRAINED FROM HOLDING OR OCCUPYING POSITION AS DIRECTOR OR KEY MANAGERIAL PERSONNEL IN ANY LISTED COMPANY FROM 27-AUG-2024 TO 26-AUG-2026

DIRECTED TO EXTEND ALL NECESSARY ASSISTANCE AND AUTHORIZATION TO LAW FIRM

27-AUG-2024

700

RANDHIR VIRJI SHAH (HUF)

(PAN:AAEHR6492K)

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 23-OCT-2025 TO 22-OCT-2026

RESTRAINED FROM SELLING ASSETS, PROPERTIES AND HOLDING OF MUTUAL FUNDS/SHARES/SECURITIES HELD IN DEMAT AND PHYSICAL FORM FROM 23-OCT-2025 TO 22-OCT-2026

ALLOWED BANKS TO DEBIT FOR THE PURPOSE OF MAKING REFUNDS TO CLIENTS/INVESTORS/COMPLAINANTS

IMPOSED PENALTY RS.5,00,000

23-OCT-2025

SAT: SAT VIDE ITS ORDER DATED 13/02/2026 CONDONED THE DELAY OF 07 DAYS IN FILING OF APPEAL. ALLOWED RESPONDENT SIX WEEKS TO FILE REPLY AND REJOINDER, IF ANY, BE FILED WITHIN THREE WEEKS THEREAFTER

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