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: VIOLATED SEBI (PFUTP) REGULATIONS, 2003

S.No.

ENTITY

PERSONS

REGULATORY CHARGES

REGULATORY ACTION(S) / DATE OF ORDER

FURTHER DEVELOPMENTS

1081

TARA ALLOYS LTD.

(PAN:AAACT0545N)

INDULGED IN DIVERSION OF FUNDS OF RS.2,473.66 CRORE (APPROX) OF RELIGARE FINVEST LTD. THROUGH SUBSIDIARY OF REL FOR BENEFIT OF PROMOTERS/PROMOTER GROUP ENTITIES VIOLATING SECTIONS 12A(A) TO 12A(C) OF SEBI ACT, 1992 AND REGULATIONS 3(B) TO 3(D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF RELIGARE ENTERPRISES LTD.

IMPOSED PENALTY RS.30,00,000

31-OCT-2022

SEBI VIDE ITS NOTICE DATED 07/07/2023 DIRECTED TO PAY RS.33,01,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE

SEBI VIDE ITS ORDER DATED 25/10/2024 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 18/07/2025 DIRECTED ALL THE BANKS AND MUTUAL FUNDS IN INDIA TO REMIT RS.40,21,000.00 TO THE EXTENT LYING IN THE ACCOUNT OF NOTICEE TO SEBI BY WAY OF EFT/NEFT/RTG

1082

TARAPUR TRANSFORMERS LTD.

(PAN:AACCT5456G)

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

RAJENDRAKUMAR CHOUDHARY

PAN:AABPC6898D

DIVERTED FUNDS IN THE FORM OF INTEREST FREE LOANS AND ADVANCES VIOLATING SECTIONS 12A(A) TO 12A(C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(B) TO 3(D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF TARAPUR TRANSFORMERS LTD.

INDULGED IN FICTITIOUS TRANSACTIONS, MANIPULATION OF BOOKS OF ACCOUNT AND MISREPRESENTATION OF FINANCIAL STATEMENTS VIOLATING SECTIONS 12A(A) TO 12A(C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(B) TO 3(D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF TARAPUR TRANSFORMERS LTD.

PUBLISHED MISREPRESENTED FINANCIAL RESULTS VIOLATING REGULATIONS 4(1)(C), 4(1)(E), 4(1)(G), 4(1)(H), 4(1)(J), AND 4(2)(E)(I) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF TARAPUR TRANSFORMERS LTD.

DID NOT MAKE CORRECT DISCLOSURES IN FINANCIAL STATEMENTS VIOLATING OF IND AS 1 &IND AS 115 AND 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)(A), 33(1)(C) AND 48 OF SEBI (LODR) REGULATIONS, 2003 IN MATTER OF TARAPUR TRANSFORMERS LTD.

DID NOT MAKE REQUIRED DISCLOSURES IN RESPECT OF RELATED PARTY TRANSACTIONS AND DID NOT OBTAIN PRIOR APPROVAL FROM AUDIT COMMITTEE VIOLATING REGULATIONS 4(1)(A), 4(1)(B), 4(2)(E)(I), 23(2), 48 AND 34(3) READ WITH CLAUSE 1 OF PARA A OF SCHEDULE V TO SEBI (LODR) REGULATIONS, 2003 IN MATTER OF TARAPUR TRANSFORMERS LTD.

DID NOT PROVIDE INFORMATION/DOCUMENTS SOUGHT VIDE SUMMON IN MATTER OF TARAPUR TRANSFORMERS LTD.

1083

TATA MOTORS LTD.

(PAN:AAACT2727Q)

FALSIFIED BOOKS OF ACCOUNTS OF NISKALP BY BACK DATING TRANSACTIONS OF SALE OF SHARES OF GLOBAL TELESYSTEMS LTD. AND GLOBAL E-COMMERCE SERVICES LTD. AND THEN MADE REVERSAL OF THESE TRADE

DID NOT MAKE DISCLOSURE OF TRUE AND CORRECT FINANCIAL STATUS TO STAKEHOLDERS AND CONCEALED MATERIAL FACTS IN OFFER DOCUMENT OF RIGHTS ISSUEOF TATA FINANCE LTD. IN MATTER OF GLOBAL TELESYSTEMS LTD. AND GLOBAL E-COMMERCE SERVICES LTD.

WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET

09-JUN-2022

1084

TAURUS ASSET MANAGEMENT CO.LTD.

(PAN:AAACC2275J)

ALLEGED VIOLATION OF CLAUSES (A), (C), (E), (G), (H) AND (I) OF INVESTMENT VALUATION DIRECTIVES/INSTRUCTIONS/GUIDELINES AS SPECIFIED IN EIGHTH SCHEDULE UNDER REGULATIONS 25(19) AND 47 SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF DEBT INSTRUMENTS OF BALLARPUR INDUSTRIES LTD.

ALLEGED VIOLATION OF REGULATION 25(2) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF DEBT INSTRUMENTS OF BALLARPUR INDUSTRIES LTD.

ALLEGED VIOLATION OF SCHEDULE II OF SEBI CIRCULAR NO. SEBI/IMD/CIR NO.11/78450/06 DATED 11/10/2016 READ WITH REGULATION 50(2) OF SEBI(MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF DEBT INSTRUMENTS OF BALLARPUR INDUSTRIES LTD.

ALLEGED VIOLATION OF REGULATIONS 3(A),4(1),4(2)(F),(K), P) AND (S) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF DEBT INSTRUMENTS OF BALLARPUR INDUSTRIES LTD.

REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,94,82,201 VIDE CONSENT ORDER)

23-JUL-2020

1085

TCK FINANCE & LEASING PVT.LTD.

(PAN:AABCT2030P)

IMPOSED PENALTY RS.10,00,000

31-OCT-2022

SAT: SAT VIDE ITS ORDER DATED 19/01/2023 DIRECTED RESPONDENT TO FILE REPLY WITHIN THREE WEEKS AND REJOINDER TO BE FILED WITHIN THREE WEEKS THEREAFTER

SAT: SAT VIDE ITS ORDER DATED 16/03/2023 GRANTED RESPONDENT FURTHER TWO WEEKS TO FILE REPLIES AND ALLOWED APPELLANTS THREE WEEKS TO FILE REJOINDER

SAT: SAT VIDE ITS ORDER DATED 02/08/2023 CONDONED THE DELAY IN FILING OF APPEAL AND ALLOWED APPELLANTS THREE WEEKS TO FILE REJOINDER

SAT: SAT VIDE ITS ORDER DATED 14/09/2023 CONDONED THE DELAY IN FILING OF APPEAL AND ALLOWED APPELLANTS THREE WEEKS TO FILE REJOINDER

1086

TEJI MANDI ANALYTICS PVT.LTD.

(PAN:AACCT9530H)

ANIL GOPAL GANDHI

PAN:ABWPG5141P

AIDED AND ABETTED WITH OTHERS PROVIDING DERIVATIVE ADVISORY SERVICES (DAS) VIOLATING SEBI (PORTFOLIO MANAGER) REGULATIONS, 1993

DEFAULTED IN MAINTENANCE OF CLIENT LEDGER

INDULGED IN MANIPULATIVE, FRAUDULENT OR DECEPTIVE SCHEMES WHILE DEALING IN SECURITIES MARKET

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 28-FEB-2023 TO 27-FEB-2028

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 28-FEB-2023 TO 27-FEB-2028

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

28-FEB-2023

1087

TELEDATA TECHNOLOGY SOLUTIONS LTD.

(PAN:AACCT5488Q)

ARUN RAMSWAROOP PANCHARIYA

PAN:AEVPP6125N

G.JAGADISH

PAN:AALPG8002H

M.S.RAMAKRISHNAN

PAN:AACPR6473J

N.SAKTHIVEL

PAN:BCMPS6376L

R.RAVICHANDRAN

PAN:AHJPR6079C

INDULGED IN FACILITATING SUBSCRIPTION 3.5 MN.GDRS AMOUNTING TO USD 36.96 MN. THROUGH FINANCE OBTAINED FROM EURAM BANK, AUSTRIA FOR SUBSCRIPTION OF GDR AND ISSUER COMPANY TELEDATA TECHNOLOGY SOLUTIONS LTD. PLEDGED GDR WITH EURAM BANK VIOLATING SECTIONS 12A(A) TO 12A(C) OF SEBI ACT, 1992 AND REGULATIONS 3(A) TO 3(D) AND 4(1), 4(2)(F), 4(2)(K) AND 4(2)(R) OF SEBI (PFUTP) REGULATIONS, 2003

DID NOT ADHERE TO PROVISION OF ACCOUNTING STANDARD VIZ AS-1, AS-3 AND AS-29 VIOLATING CLAUSES 32 AND 50 OF LISTING AGREEMENT READ WITH SECTION 21 OF SCRA, 1956

DID NOT MAKE DISCLOSURE TO STOCK EXCHANGES ENTERING INTO PLEDGE AGREEMENT WITH EURAM BANK FOR SUBSCRIPTION OF GDRS VIOLATING CLAUSES 36(7) OF LISTING AGREEMENT READ WITH SECTION 21 OF SCRA, 1956

IMPOSED PENALTY RS.10,10,00,000

31-MAY-2022

1088

TEXMO PIPES & PRODUCTS LTD.

(PAN:AACCT9780D)

RISHABH KUMAR JAIN

PAN:AHYPJ1203B

SHANTI LAL BADERA

PAN:ABLPB5820D

INDULGED IN APPROVAL OF BOARD RESOLUTION OF GDR ISSUE VIOLATING SECTION 12A (A) TO 12A(C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(A) TO (D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF TEXMO PIPES & PRODUCTS LTD.

1089

TEXMO PIPES & PRODUCTS LTD.

(PAN:AACCT9780D)

ARUN RAMSWAROOP PANCHARIYA

PAN:AEVPP6125N

MUKESH BABULAL CHAURADIYA

PAN:AAVPC0966A

RISHABH KUMAR JAIN

PAN:AHYPJ1203B

SANJAY KUMAR AGRAWAL

PAN:ADAPA0132C

SHANTI LAL BADERA

PAN:ABLPB5820D

VIJAY PRASAD PAPPU

PAN:ASRPP0392H

INDULGED IN ISSUANCE OF 6,27,500 GDRS AMOUNTING TO USD 9.99 MN ALLOTTED TO VINTAGE FZE, UAE THROUGH FINANCE OBTAINED FROM EURAM BANK, AUSTRIA FOR SUBSCRIPTION OF GDR AND ISSUER COMPANY (TEXMO PIPES & PRODUCTS 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), 4(1), 4(2)(F), (K) AND (R) OF SEBI (PFUTP) REGULATIONS, 2003

DID NOT MAKE DISCLOSURE OF PLEDGE AGREEMENT DATED 01/03/2011 TO STOCK EXCHANGES VIOLATING CLAUSE 36(7) AND CLAUSE 50 OF EQUITY LISTING AGREEMENT READ WITH SECTION 21 OF SCRA, 1956

IMPOSED PENALTY RS.25,00,000

28-JUN-2022

SAT: SAT VIDE ITS ORDER DATED 30/09/2022 PARTLY ALLOWED THE APPEAL BY REDUCING PENALTY TO RS.25 LAC FROM 10.25 CRORE

1090

TEXMO PIPES & PRODUCTS LTD.

(PAN:AACCT9780D)

MUKESH BABULAL CHAURADIYA

PAN:AAVPC0966A

SANJAY KUMAR AGRAWAL

PAN:ADAPA0132C

VIJAY PRASAD PAPPU

PAN:ASRPP0392H

DID NOT MAKE DISCLOSURE TO STOCK EXCHANGE ABOUT ALLOWING GDR PROCEEDS TO USED AS SECURITY FOR A LOAN AVAILED BY VINTAGE FZE, UAE TOWARDS SUBSCRIPTION OF GDRS ISSUED BY TEXMO PIPES & PRODUCTS LTD. VIOLATING SECTIONS 12A(A) TO 12A(C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(A) TO 3(D), 4(1), 4(2)(F), 4(2)(K) AND 4(2)(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 28-FEB-2023 TO 27-FEB-2026

DIRECTED TO CONTINUE TO PURSUE THE MEASURES OF BRING BACK OUTSTANDING USD 3.49 MN. INTO ITS BANK ACCOUNT IN INDIA

DIRECTED TO ENSURE COMPLIANCE OF THE DIRECTIONS ISSUED BY SEBI

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

28-FEB-2023

SAT: SAT VIDE ITS ORDER DATED 06/12/2023 CONDONED THE DELAY OF 165 DAYS IN FILING OF APPEAL AND RESPONDENT TO FILE REPLY WITHIN TWO WEEKS FROM DATE OF THIS ORDER AND REJOINDER TO BE FILED ON OR BEFORE THE NEXT DATE

SAT: SAT VIDE ITS ORDER DATED 03/04/2024 ALLOWED RESPONDENT THREE WEEKS TO FILE REPLY AND APPELLANT TO FILE REJOINDER THREE WEEKS THEREAFTER

SAT: SAT VIDE ITS ORDER DATED 24/10/2024 SET ASIDE IMPUGNED ORDER DATED 28/02/2023 AND MATTER REMITTED TO SEBI TO PASS FRESH ORDER IN ACCORDANCE WITH LAW. APPELLANT TO PRODUCE DOCUMENTS WITHIN FOUR WEEKS FROM DATE OF THIS ORDER. NO COSTS

SEBI VIDE ITS ORDER DATED 20/02/2025 DIRECTED TO CALL BACK THE BOOK ENTRY LOAN FROM ACCOUNTS OF TAPTI I.E. OUTSTANDING AMOUNT OF GDR PROCEEDS AND CREDIT THE SAME IN ITS BANK ACCOUNT IN INDIA WITHIN THREE MONTHS UNDER SUPERVISION OF ITS AUDIT COMMITTEE

1091

TIAAN CONSUMER LTD.

(CIN:L85100GJ1992PLC017397
PAN:AAACR7447K)

SURENDRA KUMAR JAIN

PAN:AAHPJ8940K

VIRENDRA JAIN

PAN:AAGPJ3319P

INDULGED IN MANIPULATION OF BOOKS OF ACCOUNTS AND 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)(A) AND 4(2)(F) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF DHENU BUILDCON INFRA LTD.

RESTRAINED FROM DISPOSING OFF SHARES OF DHENU BUILDCON INFRA LTD. DIRECTLY OR INDIRECTLY, IN ANY MANNER WHATSOEVER FROM 19-AUG-2026 UNTIL FURTHER ORDERS

19-AUG-2026

1092

TIGER DEVELOPERS PVT.LTD.

(PAN:AACCT7439H)

AIDED AND ABETTED ROUTING OF FUNDS FROM FHL TO RHC HOLDINGS VIOLATING SECTION 12A(A) TO 12A(C) OF SEBI ACT, 1992 AND REGULATIONS 3(B) TO 3(D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF FORTIS HEALTHCARE LTD.

IMPOSED PENALTY RS.1,00,00,000

18-MAY-2022

SEBI VIDE ITS NOTICE DATED 22/06/2023 DIRECTED TO PAY RS.1,14,01,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE

SEBI VIDE ITS ORDER DATED 04/09/2024 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 18/07/2025 DIRECTED ALL THE BANKS AND MUTUAL FUNDS IN INDIA TO REMIT RS.1,34,35,491.00 TO THE EXTENT LYING IN THE ACCOUNT OF NOTICEE TO SEBI BY WAY OF EFT/NEFT/RTG

1093

TIL LTD.

(PAN:AABCT0704G)

RAMESH AGGARWAL

PAN:AGCPA0406A

SHIBADITYA GHOSH

PAN:AFDPG0116R

SUMIT MAZUMDAR

PAN:AEOPM4572K

MISREPRESENTED/MISSTATED FINANCIALS STATEMENTS VIOLATING REGULATION 4(1), 4(2)(F), 4(2)(K) AND 4(2)(R) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF TIL LTD.

MISREPRESENTED/MISSTATED FINANCIALS STATEMENTS VIOLATING REGULATIONS 4(1), 33(1)(A), 33(1)(C) AND 48 OF SEBI (LODR) REGULATIONS, 2015

IMPOSED PENALTY RS.1,00,00,000

30-MAY-2024

SAT: SAT VIDE ITS ORDER DATED 17/12/2025 CONDONED THE DELAY IN FILING OF APPEAL AND REJOINDER

1094

TILAK FINANCE LTD.

(PAN:AAACT2373C)

GIRIRAJ KISHORE AGARWAL

PAN:AABPA4928N

TANU GIRIRAJ KISHORE AGARWAL

PAN:AADPA7003J

MISLEAD & INDUCED GENUINE INVESTORS TO TRADE IN THE SCRIP THROUGH FALSE REPRESENTATION OF PREFERENTIAL ALLOTMENT OF EQUITY SHARES VIOLATING SECTIONS 12A(A) TO 12A(C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(A) TO 3(D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF ESSAR INDIA LTD.

IMPOSED PENALTY RS.5,00,000

27-JUL-2022

SEBI VIDE ITS NOTICE DATED 20/04/2023 DIRECTED TO PAY RS.5,51,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE

SEBI VIDE ITS ORDER DATED 23/05/2023 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 14/07/2023 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 23/05/2023

SAT: SAT VIDE ITS ORDER DATED 31/10/2023 ALLOWED THE APPEAL AND QUASHED IMPUGNED ORDER DATED 27/07/2022

SEBI VIDE ITS NOTICE DATED 15/11/2023 CANCELLED RECOVERY CERTIFICATE AS PER SAT ORDER DATED 31/10/2023

1095

TILAK FINANCE LTD.

(PAN:AAACT2373C)

GIRIRAJ KISHORE AGARWAL

PAN:AABPA4928N

TANU GIRIRAJ KISHORE AGARWAL

PAN:AADPA7003J

MISLED INVESTORS BY FUNDING ITS OWN PREFERENTIAL ISSUE TO THE EXTENT OF RS.34.5 LAC VIOLATING REGULATIONS 3(A) TO 3(D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF TILAK FINANCE LTD. (NOW TILAK VENTURES LTD.)

IMPOSED PENALTY RS.70,00,000 ALONG WITH OTHER ENTITIES/PERSONS

30-JUL-2021

SAT: SAT VIDE ITS ORDER DATED 15/11/2021 DISMISSED THE APPEAL

1096

TILAK VENTURES LTD.

(PAN:AAACT2373C)

GIRIRAJ KISHORE AGARWAL

PAN:AABPA4928N

TANU GIRIRAJ KISHORE AGARWAL

PAN:AADPA7003J

MISUTILISED PROCEEDS OF THE PREFERENTIAL ISSUE

CARRIED OUT NBFC ACTIVITIES WITHOUT REGISTRATION/CLASSIFICATION FROM THE RBI

RECEIVED APPLICATION MONEY OF RS.1.44 CREORE AND LOANS GIVEN BEFORE SHAREHOLDERS APPROVAL OF PREFERENTIAL ISSUE

SIPHONED PROCEEDS OF PREFERENTIAL ISSUE OF EQUITY SHARES

DID NOT MAKE TRUE, FAIR AND TRANSPARENT DISCLOSURE TO SHAREHOLDERS DURING RATIFICATION ABOUT UTILIZATION/ MISUTILISATION/ DIVERSION OF PROCEEDS OF PREFERENTIAL ISSUE OF EQUITY SHARES

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 27-JUL-2023 TO 26-JAN-2024

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 27-JUL-2023 TO 26-JAN-2024

DIRECTED TO BRING BACK RS.2,13,47,647.00 TO THE COMPANY WHICH WERE DIVERTED IN GUISE OF REPAYMENT OF LOANS TO HANDFUL INVESTRADE PVT.LTD., SHREE NATH COMMERCIAL & FINANCE LTD. AND ANMOL FINANCE CO.

IMPOSED PENALTY RS.14,00,000

27-JUL-2023

1097

TIMBOR HOME LTD.

(PAN:AABCI2531A)

ANANT SURESHCHANDRA MALOO

PAN:ACSPM2958D

MANAN VIDHYAPATI PATEL

PAN:AFJPP0452P

DID NOT USE IPO PROCEEDS AS PER PROSPECTUS DATED 08/06/2011 VIOLATING SECTION 12A(A) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(B) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF IPO OF TIMBOR HOME LTD.

DID NOT MAKE DISCLOSURE OF PRE-EXISTING LIABILITIES OF RS.7 CRORE (APPROX.) RELATED TO WORKING CAPITAL EXPENSES, LOAN OF RS.7 CRORE FROM ALIN AND INFLATED THE SALES FIGURES FOR THE YEARS 2010-11 AND 2011-12 VIOLATING REGULATIONS 57(1) AND 57(2)(A) READ WITH CLAUSE (2)(VII)(G) PART A OF SCHEDULE VIII OF SEBI (ICDR) REGULATIONS, 2009 IN IPO OF TIMBOR HOME 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-DEC-2020 TO 14-DEC-2022

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

RESTRAINED FROM ACTING AS DIRECTOR IN ANY LISTED COMPANY FROM 15-DEC-2020 TO 14-DEC-2022

15-DEC-2020

1098

TIRTHANKAR SHARES & SERVICES PVT.LTD.

(PAN:AADCT2274R)

INDULGED IN SIPHONING OFF IPO PROCEEDS IN MATTER OF MIDVALLEY ENTERTAINMENT LTD.

DID NOT PROVIDE INFORMATION/DOCUMENTS SOUGHT VIDE SUMMON IN MATTER OF MIDVALLEY ENTERTAINMENT LTD.

IMPOSED PENALTY RS.7,00,000

31-MAY-2022

1099

TIRUPATI FINCORP LTD.

(CIN:L67120RJ1982PLC002438
PAN:AADCS4520R)

MISUTILISED PREFERENTIAL ISSUE PROCEEDS FOR PURPOSE OF TRADING IN FABRICS VIOLATING REGULATIONS 3(B) TO 3(D), 4(1) AND 4(2)(F) OF SEBI (PFUTP) REGULATIONS, 2003

DID NOT MAKE DISCLOSURE TO STOCK EXCHANGES OUTCOME OF RATIFICATION VIOLATING CLAUSE 43 OF LISTING AGREEMENT READ WITH REGULATIONS 30 AND 32 OF SEBI (LODR) REGULATIONS, 2015

IMPOSED PENALTY RS.10,00,000

27-MAY-2022

1100

TORUS BUILDCON PVT.LTD.

(PAN:AACCT8158M)

IMPOSED PENALTY RS.1,00,00,000

18-MAY-2022

SEBI VIDE ITS NOTICE DATED 22/06/2023 DIRECTED TO PAY RS.1,14,01,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE

SEBI VIDE ITS ORDER DATED 04/12/2024 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 16/01/2025 DIRECTED ALL THE BANKS AND MUTUAL FUNDS IN INDIA TO REMIT RS.1,33,01,000.00 TO THE EXTENT LYING IN THE ACCOUNT OF NOTICEE TO SEBI BY WAY OF EFT/NEFT/RTG

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