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SOURCE OF INFORMATION

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.

STOCK BROKERS: CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
81
History of entity/person GCM SECURITIES LTD.

(CIN:L67120WB1995PLC071337
PAN:AABCG1469K)

(Member : NSE)  
  DEALT WITH UN-REGISTERED SUB-BROKERS

ALLOWED TERMINALS TO UNREGISTERED SUB-BROKERS   		CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS

12-JAN-2006 		 
82
History of entity/person GCM SECURITIES LTD.

(CIN:L67120WB1995PLC071337
PAN:AABCG1469K)

(Member : NSE)  
  COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES

DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS

DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK

DID NOT MAKE PAYMENTS TO CLIENTS IN TIME

DID NOT DELIVER SECURITIES TO CLIENTS IN TIME

IRREGULARITIES IN REGISTRATION OF CLIENTS

DID NOT FILE FIRST INFORMATION REPORT IN RESPECT OF STOLEN/FAKE/FORGED SHARES

DID NOT OBTAIN WRITTEN CONSENT FROM CLIENTS TO HOLD SECURITIES IN POOL ACCOUNT

DID NOT TRANSFER SECURITIES FROM POOL ACCOUNT TO CLIENTS' ACCOUNT IN TIME   		CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS

22-JAN-2002 		 
83
History of entity/person GEOJIT FINANCIAL SERVICES LTD.

(PAN:AABCG1935E)

(Member : BSE)  
  DID NOT ADHERE TO CONDITIONS OF PROVISIONAL REGISTRATION   CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS

02-FEB-2006 		 
84
History of entity/person GHANSHAM DAS GILADA,M/S

(Member : HSE)  
Click here to view complete history of this specific entity/person G.S.GILADA
  		INDULGED IN GALA TRANSACTIONS

DID NOT MAINTAIN CONTRACT SLIPS

DEFAULTED IN MAINTENANCE OF SAUDA BOOK

DID NOT MAKE PAYMENTS TO CLIENTS IN TIME   		CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS

08-JUN-1998 		 
85
History of entity/person GOLDENMAPLE COMMODITIES PVT.LTD.

(PAN:AAJCS8332D)

(Member : MCX)  
  MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS

DID NOT HAVE CALL RECORDING/ORDER PLACEMENT MECHANISM AND/OR DID NOT MAINTAIN RECORDS AND/OR SUBMITTED FORGED AND FALSIFIED EVIDENCES   		CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS

02-DEC-2024 		 
86
History of entity/person GRD SECURITIES LTD.

(PAN:AABCG7534M)

(Member : BSE/NSE)  
  DID NOT MAINTAIN SEGREGATION BETWEEN OWN FUNDS AND CLIENTS FUNDS & SECURITIES

DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES

WRONG REPORTING AND SHORT COLLECTION OF MARGIN

DISCREPANCIES IN CLIENT REGISTRATION PROCESS (KYC, KRA AND CKYCR PROCESS)   		CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS

24-JUN-2025 		 
87
History of entity/person GROWEVER INVESTMENTS PVT.LTD.

(Member : PSE)  
  DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS   CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS

13-JAN-2006 		 
88
History of entity/person GSB CAPITAL MARKETS LTD.

(Member : BSE)  
  DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE IN MATTER OF MOREPEN HOTELS LTD.   CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS

28-OCT-2004 		 
89
History of entity/person GSB SECURITIES PVT.LTD.

(PAN:AAACG9905H)

(Member : NSE)  
Click here to view complete history of this specific entity/person GIRDHARI BIYANI
Click here to view complete history of this specific entity/person RAMAKANT BIYANI
  		DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE IN MATTER OF MOREPEN HOTELS LTD.   CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS

21-MAY-2007 		 
90
History of entity/person H.ARORA & CO.

(Member : LSE)  
  COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES

DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE

DID NOT REPORT SPOT TRANSACTIONS TO THE EXCHANGE   		CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS

10-JUL-1998 		 
91
History of entity/person H.NYALCHAND FINANCIAL SERVICES LTD.

(Member : ASE)  
  DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE

INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS

USED EXCHANGE MECHANISM IN ORDER TO MEET FINANCIAL OBLIGATIONS   		CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS

25-FEB-2000 		 
92
History of entity/person H.T.NANAVATI SECURITIES PVT.LTD.

(Member : BSE)  
  ASSIGNED COMMON CLIENT CODE TO DIFFERENT CLIENTS   CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS

01-FEB-2006 		 
93
History of entity/person HANUMAN SHARE & STOCK BROKERS LTD.

(Member : ASE)  
  DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER   CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS

20-FEB-2002 		 
94
History of entity/person HARDIK FINTRADE PVT.LTD.

(PAN:AAACH2867F)

(Member : ASE)  
  DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER   CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS

20-FEB-2002 		 
95
History of entity/person HARJIVANDAS NEMIDAS & SONS

(Member : BSE)  
Click here to view complete history of this specific entity/person PRASAN PRANJIVANDAS
  		DID NOT EXERCISE DUE CARE AND DILIGENCE   CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS

23-AUG-1999 		 
96
History of entity/person HARVESTDEAL SECURITIES LTD.

(Member : BSE)  
  AIDED AND ABETTED DAMAYANTI GROUP ENTITIES IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIPS OF BPL LTD., VIDEOCON INTERNATIONAL LTD. AND STERLITE INDUSTRIES LTD.   CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS

13-OCT-2021 		 
97
History of entity/person HEM SECURITIES LTD.

(PAN:AABCH8005N)

(Member : BSE)  
  DID NOT ISSUE CONTRACT NOTES

DEALT WITH UN-REGISTERED SUB-BROKERS

ILLEGAL AND UNAUTHORIZED GRANT OF TRADING TERMINAL TO CLIENT   		CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS

12-JAN-2006 		 
98
History of entity/person HIRALAL THAKORDAS NANAVATI

(Member : NSE)  
  ALLEGED MANIPULATION OF PRICE OF JAYANT AGRO ORGANICS LTD.   CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS

01-FEB-2006 		 
99
History of entity/person HORNIC INVESTMENT PVT.LTD.

(PAN:AAACH1537N)

(Member : NSE)  
Click here to view complete history of this specific entity/person ANIL DAGA
  		DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE EXECUTING TRANSACTIONS IN SCRIP OF EIDER INFOTECH LTD.   CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS

15-JAN-2009 		 
100
History of entity/person HSE SECURITIES LTD.

(Member : NSE)  
  DID NOT ADHERE TO BASE MINIMUM CAPITAL REQUIREMENT

DID NOT FURNISH AUDITOR'S CERTIFICATE ON QUARTERLY BASIS REGARDING COLLECTION OF MINIMUM MARGIN FROM CLIENTS

PERMITTED CERTAIN SUB-BROKERS TO TRADE HAVING NEGATIVE NET WORTH

DID NOT COLLECT ADEQUATE MARGIN FROM SUB-BROKERS   		CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS

12-SEP-2006 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
 
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