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.

PERSONS: VIOLATED SEBI ACT, 1992

S.No.

PERSON

ENTITY

REGULATORY CHARGES

REGULATORY ACTION(S) / DATE OF ORDER

FURTHER DEVELOPMENTS

101

BAJRANGLAL B.AGARWAL

VIOLATED REGULATIONS 4 (A) TO (D) OF SEBI (PFUTP) REGULATIONS, 1995

VIOLATED SECTION 24 OF SEBI ACT, 1992

VIOLATED SECTION 26 OF SEBI ACT, 1992

VIOLATED RULE 7 OF SEBI (STOCK BROKERS & SUB BROKERS) RULES, 1992

PROSECUTION LAUNCHED

15-MAY-2006

102

BANWARILAL ANANTRAM SHARMA

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SARVODAYA GLOBAL LTD.

VIOLATED SECTION 24 (1) OF SEBI ACT, 1992

VIOLATED SECTION 11 B OF SEBI ACT, 1992

VIOLATED SECTION 11 (1) OF SEBI TAKEOVER CODE, 1997

VIOLATED SECTION 21 (3) OF SEBI TAKEOVER CODE, 1997

VIOLATED SECTION 44 OF SEBI TAKEOVER CODE, 1997

PROSECUTION LAUNCHED

15-MAY-2006

103

BASUDEB SEN

GUJARAT NRE COKE LTD.

VIOLATED SEBI ACT, 1992

PROSECUTION LAUNCHED

25-AUG-2016

104

BASUDEO AGARWAL

V.R.MATHUR MASS COMMUNICATIONS LTD.

VIOLATED REGULATION 4 OF SEBI (PFUTP) REGULATIONS, 1995

VIOLATED SECTION 13 OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992

VIOLATED SECTION 24 (1) OF SEBI ACT, 1992

PROSECUTION LAUNCHED

15-MAY-2006

ACCUSED NO.1 TO 5 WERE ACQUITTED BY COURT

105

BEENA A.SHAH

MANNA GLASS-TECH INDUSTRIES LTD.

VIOLATED REGULATION 4 OF SEBI (PFUTP) REGULATIONS, 1995

VIOLATED REGULATION 6 SEBI (PFUTP) REGULATIONS, 1995

VIOLATED SECTION 24 OF SEBI ACT, 1992

PROSECUTION LAUNCHED

15-MAY-2006

106

BHAGYASHREE PRASHANT WASANKAR

(PAN:AALPW3274H)

WASANKAR WEALTH MANAGEMENT LTD.

PAN:AAACW8073C

VIOLATED SECTION 24 (1) OF SEBI ACT, 1992

PROSECUTION LAUNCHED

25-AUG-2016

107

BHANUPRASAD DIPAKKUMAR TRIVEDI

ZENET SOFTWARE LTD.

PAN:AAACZ0978K

FILED APPLICATION FOR SUBSCRIPTION AND/OR ACQUISITION OF SHARES IN FICTITIOUS NAME

VIOLATED SECTION 12A OF SEBI ACT.,1992

VIOLATED SECTION 24 (1) OF SEBI ACT, 1992

VIOLATED SEBI (PFUTP) REGULATIONS, 1995

VIOLATED SECURITIES CONTRACTS (REGULATION) ACT, 1956

VIOLATED SEBI DEPOSITORIES ACT, 1996

PROSECUTION LAUNCHED

15-MAY-2006

108

BHARAT GUPTA

(DIN:06507664
PAN:ALFPG6480L)

(Along with : VIKAS SAINI,

ANITA GUPTA,

VINOD KUMAR)

DID NOT FURNISH REQUISITE INFORMATION/DOCUMENTS AND NOT COOPERATED WITH FORENSIC AUDITOR APPOINTED BY BSE VIOLATING SECTIONS 11(2)(I) AND 11(2)(IA) OF SEBI ACT, 1992 IN MATTER OF EDYNAMICS SOLUTIONS LTD.

IMPOSED PENALTY RS.20,00,000 ALONG WITH OTHER ENTITIES/PERSONS

05-JAN-2021

SEBI VIDE ITS NOTICE DATED 29/04/2022 DIRECTED TO PAY RS.23,21,000.00 ALONG WITH FURTHER INTEREST, ALL COSTS, CHARGES AND EXPENSES WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE

SEBI VIDE ITS NOTICE DATED 08/09/2022 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 11/10/2022 DIRECTED ALL THE BANKS TO REMIT ENTIRE AMOUNT TO THE EXTENT LYING IN THE BANK AND TERM DEPOSIT ACCOUNTS OF MR.BHARAT GUPTA, MR.VINOD KUMAR, MR.VIKAS SAINI & MS.ANITA GUPTA TO SEBI BY WAY OF EFT/NEFT/RTGS

SAT: SAT VIDE ITS ORDER DATED 20/03/2023 CONDONED THE DELAY IN FILING OF APPEAL. APPEAL ALLOWED AND SET ASIDE IMPUGNED ORDER DATED 05/01/2021. REMITTED MATTER TO AO TO PASS FRESH ORDER IN ACCORDANCE WITH LAW

SEBI VIDE ITS NOTICE DATED 17/05/2023 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 08/09/2022

109

BHARAT I.PATEL

ADD-LIFE PHARMA LTD.

CIN:L24230GJ1991PLC014894
PAN:AAFCA5165L

FAILED TO PAY PENALTY

VIOLATED SECTION 27 OF SEBI ACT, 1992

VIOLATED SECTION 20(2) OF SEBI DEPOSITORIES ACT, 1996

VIOLATED SECTION 21 OF SEBI DEPOSITORIES ACT, 1996

PROSECUTION LAUNCHED

15-JUL-2022

110

BHARAT J.PATEL

VIOLATED SECTION 24 (1) OF SEBI ACT, 1992

PROSECUTION LAUNCHED

15-JUL-2022

111

BHARATI SHARMA

JVG FINANCE LTD.

VIOLATED SEBI ACT, 1992

PROSECUTION LAUNCHED

15-MAY-2006

DURING THE TRIAL A21 (SHRI ASHOK KUMAR KOHLI) HAD EXPIRED, THEREFORE, PROCEEDINGS QUA HIM WAS ABATED. ACCUSED NO.20 (M/S EVERGROW FINANCIAL SERVICES PVT.LTD.) AND A22 ( SHRI PRADEEP SHARMA) FACED THE TRIAL AND THEY REMAINING ACCUSED WERE DECLARED POS. THE CAPTIONED MATTER WAS POSTED BEFORE THE LD. COURT ON JULY 30, 2012 FOR PRONOUNCEME NT OF JUDGMENT. AFTER RECORDING ITS REASONS THE COURT HELD THAT SEBI COULD NOT PROVE ITS CASE AGAINST A20 AND A22 BEYOND THE SHADOW OF ALL REASONABLE DOUBTS, AND THEREBY ACQUITTED A20 AND A22

112

BHAVANI SHAH

JALTARANG MOTELS LTD.

VIOLATED SECTION 24 OF SEBI ACT, 1992

VIOLATED SECTION 11 OF SEBI ACT, 1992

MIS-STATEMENTS IN THE PROSPECTUS

DID NOT REPAY EXCESS SHARE APPLICATION MONEY WITHIN STIPULATED PERIOD

INDULGED IN CRIMINAL CONSPIRACY TO COMMIT AN OFFENCE (SECTION 120B � IPC)

PROSECUTION LAUNCHED

15-MAY-2006

113

BHAVARBHAI JOSHI

COVERAGE & CONSULTANTS LTD.

VIOLATED SECTION 11 (C) 6 OF SEBI ACT, 1992

PROSECUTION LAUNCHED

15-MAY-2006

114

BHAVESH N.MUNI

(PAN:AKFPM7895Q)

RIJAN SECURITIES PVT.LTD.

CIN:U67120MH2000PTC129273

VIOLATED SECTION 12(1) OF SEBI ACT READ WITH REGULATION 3 OF SEBI (STOCK BROKERS AND SUB-BROKERS) REGULATIONS, 1992

PROSECUTION LAUNCHED

31-MAR-2011

115