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: 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.

PERSON

ENTITY

REGULATORY CHARGES

REGULATORY ACTION(S) / DATE OF ORDER

FURTHER DEVELOPMENTS

161

ASHOK KUMAR MAHESHWARI

(PAN:AARPM1903H)

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

SAT: SAT VIDE ITS ORDER DATED 23/04/2021 RESPONDENT MAY FILE REPLY TO THE MEMO OF APPEAL AS WELL AS TO APPLICATION FOR CONDONATION OF DELAY ON OR BEFORE THE NEXT DATE

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

SEBI VIDE ITS ORDER DATED 27/01/2023 DIRECTED TO A) RESTRAINED FROM ACCESSING THE SECURITIES MARKET AND PROHIBITED FROM BUYING, SELLING OR OTHERWISE DEALING IN SECURITIES MARKET, DIRECTLY OR INDIRECTLY, OR BEING ASSOCIATED WITH THE SECURITIES MARKET IN ANY MANNER, WHATSOEVER FOR THREE YEARS FROM DATE OF THIS ORDER B) DURING PERIOD OF RESTRAINT EXISTING HOLDING, INCLUDING MUTUAL FUNDS UNITS TO REMAIN FROZEN

162

ASHOK MARWAH

(PAN:AGAPM9028L)

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MEFCOM AGRO INDUSTRIES LTD.

CIN:071741
PAN:AAACM2047A

MADE FALSE AND MISLEADING PRICE SENSITIVE CORPORATE ANNOUNCEMENTS IN MATTER OF MEFCOM AGRO INDUSTRIES LTD.

163

ASHOK MULJIBHAI PATEL

(PAN:ANJPP7817L)

INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF SUNRISE ASIAN LTD.

SAT: SAT VIDE ITS ORDER DATED 14/02/2023 ALLOWED APPELLANT FURTHER TWO WEEKS TO FILE REJOINDER

164

ASHOK SHARMA

S.S.FORGINGS & ENGINEERING LTD.

CIN:L27106MH1994PLC108685
PAN:AABCS2068J

INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH CROSS DEALS AND SYNCHRONIZED TRANSACTIONS IN SCRIP OF VERTEX SPINNING LTD.

165

ASHOK SNEHA BOHRA

(PAN:AUOPB2860R)

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

SAT: SAT VIDE ITS ORDER DATED 20/10/2023 DIRECTED RESPONDENT TO FILE REPLY WITHIN THREE WEEKS AND REJOINDER TO BE FILED WITHIN THREE WEEKS THEREAFTER. 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

166

ASHOKKUMAR AASHISH BOHRA

(PAN:BMKPB4897F)

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

167

ASIFATANVEER M.SHAIKH

(PAN:CNAPS8962G)

INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF MISHKA FINANCE & TRADING LTD.

168

ASIT KUMAR BHOWMIK

(PAN:ABUPB8276C)

SEYA INDUSTRIES LTD.

PAN:AABCS4522R

MISREPRESENTED FINANCIAL STATEMENTS/RESULTS AND DID NOT GIVE A TRUE AND FAIR VIEW OF FINANCIAL PERFORMANCE AND POSITION VIOLATING SETIONS 12A(B) TO 12A(C) OF SEBI ACT, 1992 AND REGULATIONS 3(C) TO 3(D), 4(1), 4(2)(F), (K) AND (R) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF SEYA INDUSTRIES LTD.

SIPHONED OFF FUNDS/ASSETS TO PROMOTER GROUP COMPANY/COMPANIES RELATED TO PROMOTERS (VIZ. WHIZ ENTERPRISES PVT.LTD., ANEEKA UNIVERSAL PVT.LTD. AND SHRI BALAJI ENTERTAINMENTS PVT.LTD.) ON PRETEXT OF PURCHASES/SALES FROM/TO THEM AND/OR THROUGH UNDISCLOSED FUND TRANSFERS VIOLATING SETIONS 12A(B) TO 12A(C) OF SEBI ACT, 1992 AND REGULATIONS 3(C) TO 3(D), 4(1), 4(2)(F), (K) AND (R) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF SEYA INDUSTRIES LTD.

MISPRESENTED FINANCIAL STATEMENTS/RESULTS AND DID NOT GIVE A TRUE AND FAIR VIEW OF FINANCIAL PERFORMANCE AND POSITION VIOLATING REGULATIONS 4(1)(A) TO 4(1)(E), (G), (J), 4(2)(E)(I), 33(1)(C) AND 48 OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF SEYA INDUSTRIES LTD.

DID NOT MAKE DISCLOSURE OF RELATED PARTY TRANSACTIONS WITH PROMOTER GROUP COMPANY/COMPANIES RELATED TO PROMOTERS (VIZ. WHIZ ENTERPRISES PVT.LTD., ANEEKA UNIVERSAL PVT.LTD. AND SHRI BALAJI ENTERTAINMENTS PVT.LTD.) AND DID NOT TAKE AUDIT COMMITTEE AND/OR SHAREHOLDER�S APPROVAL FOR UNDISCLOSED RELATED PARTY TRANSACTIONS VIOLATING REGULATIONS 4(1)(A) TO 4(1)(B), 4(2)(E)(I), 23(2), 23(4), 23(9), 33(1)(C), 34(3) READ WITH PART A OF SCHEDULE V AND 48 OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF SEYA INDUSTRIES LTD.

DID NOT MAKE DISCLOSURE OF MATERIAL EVENTS/INFORMATION TO STOCK EXCHANGES VIOLATING REGULATIONS 4(1)(D) TO 4(1)(J) AND 30(2) AND 30(3) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF SEYA INDUSTRIES LTD.

SHOWN WRONG DETAILS OF ATTENDEES OF BOARD MEETINGS, AUDIT AND RISK MANAGEMENT COMMITTEE MEETINGS IN ANNUAL REPORT VIOLATING REGULATIONS 4(1)(C) AND 34(3) READ WITH CLAUSE 2(B) AND 3(C) OF PART C OF SCHEDULE V OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF SEYA INDUSTRIES LTD.

APPOINTED AUDITORS WHO DID NOT HAVE VALID PEER REVIEW CERTIFICATE ISSUED BY ICAI AS STATUTORY AUDITOR VIOLATING REGULATION 33(1)(D) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF SEYA INDUSTRIES LTD.

DID NOT PROVIDE INFORMATION AND/OR SUBMITTED WRONG AND MISLEADING INFORMATION TO SEBI IN MATTER OF SEYA INDUSTRIES LTD.

DID NOT EXERCISE DUE DILIGENCE AS MEMBER OF AUDIT COMMITTEE VIOLATING SECTION 27 OF SEBI ACT, 1992 AND REGULATION 18(3) READ WITH PART C OF SCHEDULE II OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF SEYA INDUSTRIES LTD.

DID NOT DISCLOSE MATERIAL EVENTS/INFORMATION TO STOCK EXCHANGES VIOLATING REGULATION 8(1) READ WITH CLAUSE 1 OF SCHEDULE A OF SEBI (PIT) REGULATIONS, 2015 IN MATTER OF SEYA INDUSTRIES LTD.

DIRECTED TO FILE PUBLIC DISCLOSURE TO THE STOCK EXCHANGES AS WELL AS PUBLISH ON COMPANY�S WEBSITE THE CONTENTS OF THIS ORDER-CUM-SHOW CAUSE NOTICE WITHIN THREE DAYS FROM DATE OF RECEIPT THIS ORDER

DIRECTED TO DISCLOSE UPDATED STATUS OF ALL UNDISCLOSED MATERIAL EVENTS/INFORMATION TO STOCK EXCHANGES WITHIN FIFTEEN DAYS FROM DATE OF RECEIPT OF THIS ORDER

DIRECTED NOT TO SELL/DISPOSE OF/DILUTE SHAREHOLDING IN COMPANY, HELD DIRECTLY OR INDIRECTLY THROUGH FAMILY MEMBERS OR THROUGH COMPANIES IN WHICH THEY OR THEIR FAMILY MEMBERS DIRECTORS

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 02-MAY-2025 TO 01-MAY-2030

RESTRAINED FROM ASSOCIATED WITH ANY OTHER LISTED COMPANY OR SEBI REGISTERED INTERMEDIARY IN ANY CAPACITY INCLUDING DIRECTOR OR KEY MANAGERIAL PERSON DIRECTLY OR INDIRECTLY FROM 02-MAY-2025 TO 01-MAY-2030

IMPOSED PENALTY RS.2,00,00,000

20-MAR-2023

SEBI VIDE ITS ORDER DATED 02/05/2025 DIRECTED TO A) RESTRAINED FROM ACCESSING SECURITIES MARKET AND PROHIBITED FROM BUYING, SELLING OR OTHERWISE DEALING IN SECURITIES, DIRECTLY OR INDIRECTLY OR BEING ASSOCIATED WITH SECURITIES MARKET IN ANY MANNER, WHATSOEVER, FOR 5 YEARS, FROM DATE OF THIS ORDER B) RESTRAINED FROM BEING ASSOCIATED WITH SECURITIES MARKET INCLUDING AS A DIRECTOR OR KEY MANAGERIAL PERSONNEL IN ANY LISTED COMPANY OR ANY INTERMEDIARY REGISTERED WITH SEBI, FOR 5 YEARS, FROM DATE OF THIS ORDER C) PAY PENALTY TO RS.25 LAC U/S 15A(A), RS.25 LAC U/S 15A(B), RS.1 CRORE U/S 15HA AND RS.50 LAC U/S 15HB OF SEBI ACT

SEBI VIDE ITS NOTICE DATED 13/08/2025 DIRECTED TO PAY RS.2,08,01,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE

169

ATUL KUMAR

(PAN:BAWPS1169M)

IRIS MEDIAWORKS LTD.

CIN:L92412MH1992PLC067841
PAN:AAACB4506D

INDULGED IN MISREPRESENTATION OF FINANCIALS AND/OR BUSINESS AND MISUSE OF FUNDS/BOOKS OF ACCOUNTS OF IRIS MEDIAWORKS LTD. VIOLATING REGULATIONS 33(1)(C) AND 48 OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF IRIS MEDIAWORKS LTD.

INDULGED IN MISREPRESENTATION OF FINANCIALS AND/OR BUSINESS AND MISUSE OF FUNDS/BOOKS OF ACCOUNTS OF IRIS MEDIAWORKS LTD. VIOLATING REGULATIONS 4(2)(F)(II)(6), (7), 4(2)(F)(III)(1) (3), (6) AND (12) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF IRIS MEDIAWORKS LTD.

170

ATUL M.PATEL

(PAN:AQNPP4004C)

INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF SUNRISE ASIAN LTD.

SAT: SAT VIDE ITS ORDER DATED 14/02/2023 ALLOWED APPELLANT FURTHER TWO WEEKS TO FILE REJOINDER

171

AVINASH KUMAR ARDAWATIA

(PAN:ALUPA9896M)

INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF MAA JAGDAMBE TRADELINKS LTD.

SAT: SAT VIDE ITS ORDER DATED 19/11/2020 ALLOWED THE APPEAL AND CONDONED THE DELAY IN FILING OF APPEAL. ALLOWED TWO WEEKS TIME TO RESPONDENT TO FILE REPLY AND APPELLANT TO FILE REJOINDER TEN DAYS THEREAFTER

SAT: SAT VIDE ITS ORDER DATED 15/07/2021 RESERVES THE ORDER. WRITTEN SUBMISSIONS, IF ANY, MAY BE FILED WITHIN THREE DAYS

SAT: SAT VIDE ITS ORDER DATED 24/08/2021 DISMISSED THE APPEAL

172

AVTARKAUR SATNAMSINGH PANESAR

(PAN:AHGPP8384H)

INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF SUNRISE ASIAN LTD.

SAT: SAT VIDE ITS ORDER DATED 24/11/2021 ALLOWED RESPONDENT THREE WEEKS TO FILE REPLY AND APPELLANT TO FILE REJOINDER THREE WEEKS THEREAFTER

SAT: SAT VIDE ITS ORDER DATED 24/01/2022 ALLOWED APPELLANTS THREE WEEKS TO FILE REJOINDER

SAT: SAT VIDE ITS ORDER DATED 14/02/2023 ALLOWED APPELLANT FURTHER TWO WEEKS TO FILE REJOINDER

SAT: SAT VIDE ITS ORDER DATED 04/05/2023 CONDONED THE DELAY IN FILING OF APPEAL

SAT: SAT VIDE ITS ORDER DATED 18/05/2023 DISPOSED OF THE APPEAL AND DIRECTED A) APPELLANTS TO DEPOSIT RS.2 LAC EACH B) IF AMOUNT DEPOSITED, BALANCE AMOUNT NOT TO BE RECOVERED C) DEBARMENT PERIOD REDUCED TO PERIOD UNDERWENT BY APPELLANTS D) IMPUGNED ORDERS OF THE AO AND WTM NOT TO BE UTILIZED EITHER OF THE PARTIES IN THE CRIMINAL PROCEEDINGS PENDING BEFORE THE SESSIONS JUDGE

173

AYUB YAEGUANG YOUNES

NU TEK INDIA LTD.

CIN:L74899DL1993PLC054313
PAN:AAACN2270L

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

INDULGED IN MISREPRESENTATION OF FINANCIALS AND/OR BUSINESS AND MISUSE OF FUNDS/BOOKS OF ACCOUNTS OF NU TEK INDIA 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 NU TEK INDIA LTD.

DID NOT ADHERE TO REGULATIONS 33(2)(A) FOR CERTIFICATION AND APPROVAL OF FINANCIAL RESULTS IN MATTER OF NU TEK INDIA LTD.

174

AYUSHI UDHANI

(PAN:ABBPU6977A)

(Along with : JATIN MANUBHAI SHAH)

INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF SADHNA BROADCAST LTD. USING MISLEADING YOUTUBE VIDEOS WITH FALSE CONTENT BACKED BY PAID MARKETING CAMPAIGN

DIRECTED TO DISGORGE RS.2,31,507 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 29-MAY-2025 TO 28-MAY-2030

29-MAY-2025

SAT: SAT VIDE ITS ORDER DATED 11/07/2025 GRANTED RESPONDENT SIX WEEKS TO FILE REPLY AND APPELLANT TO FILE REJOINDER TWO WEEKS THEREAFTER. STAYED RECOVERY SUBJECT TO DEPOSIT 50% PENALTY AND/OR DISGORGEMENT AMOUNT WITHIN FOUR WEEKS FROM DATE OF THIS ORDER

SAT: SAT VIDE ITS ORDER DATED 02/09/2025 CONDONED THE DELAY OF FIVE DAYS IN FILING OF APPEAL. GRANTED RESPONDENT SIX WEEKS TO FILE REPLY AND REJOINDER, IF ANY, BE FILED WITHIN THREE WEEKS THEREAFTER. STAYED IMPUGNED ORDER SUBJECT TO DEPOSIT OF 50% PENALTY AND DISGORGEMENT AMOUNT WITH RESPONDENT WITHIN FOUR WEEKS FROM DATE OF THIS ORDER

SAT: SAT VIDE ITS ORDER DATED 18/09/2025 CONDONED THE DELAY OF 12 DAYS IN FILING OF APPEAL. GRANTED RESPONDENT SIX WEEKS TO FILE REPLY AND APPELLANT TO FILE REJOINDER THREE WEEKS THEREAFTER. STAYED RECOVERY SUBJECT TO DEPOSIT OF 50% PENALTY AND DISGORGEMENT AMOUNT WITHIN FOUR WEEKS FROM DATE OF THIS ORDER

175

B.HARIHARAN

(PAN:ADXPB2158A)

CG POWER & INDUSTRIAL SOLUTIONS LTD.

PAN:AAACC3840K

INDULGED IN MIS-STATEMENT OF ACCOUNTS AND DIVERSION OF FUNDS FROM LISTED COMPANY AND/OR ITS SUBSIDIARIES/ASSOCIATES VIOLATING SECTIONS 12A (A) TO (C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(B) TO 3(D) AND 4(2)(F) & (R) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF CG POWER & INDUSTRIAL SOLUTIONS LTD.

DID NOT MAKE DISCLOSURE OF INFORMATION VIOLATING OF REGULATIONS 4(2)(F)(I)-(II), 4(2)(F)(III)(3) AND (6) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF CG POWER & INDUSTRIAL SOLUTIONS LTD.

DID NOT ADHERE TO CODE OF CONDUCT OF BOARD OF DIRECTORS AND SENIOR MANAGEMENT ON ANNUAL BASIS VIOLATING OF REGULATION 26(3) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF CG POWER & INDUSTRIAL SOLUTIONS LTD.

SAT: APPEAL DISMISSED

SAT: SAT VIDE ITS ORDER DATED 18/02/2020 ALLOWED THE APPLICATION AND DIRECTED SEBI TO PASS CONFIRMATORY ORDER ON OR BEFORE 10/03/2010

SEBI VIDE ITS ORDER DATED 11/03/2020 DIRECTED TO A) RESTRAIN FROM ACCESSING SECURITIES MARKET AND FURTHER PROHIBITED FROM BUYING, SELLING OR OTHERWISE DEALING IN SECURITIES IN ANY MANNER WHATSOEVER, EITHER DIRECTLY OR INDIRECTLY, TILL FURTHER ORDERS. PERMITTED TO LIQUIDATE UPTO 25% OF VALUE OF SECURITIES HELD BY THEM AS ON DATE OF INTERIM ORDER B) RESTRAINED FROM BEING ASSOCIATED WITH ANY INTERMEDIARY REGISTERED WITH SEBI OR ANY LISTED ENTITY OR ITS MATERIAL UNLISTED SUBSIDIARY, IN ANY MANNER WHATSOEVER,TILL FURTHER ORDERS C) NOT TO TAKE FRESH POSITIONS OR INCREASE THEIR OPEN POSITIONS OR EXECUTE TRADES IN F&O SEGMENT, TILL FURTHER ORDERS

SAT: SAT VIDE ITS ORDER DATED 10/05/2021 ALLOWED THE APPLICATIONS AND DIRECTED SEBI TO ISSUE SCN ON OR BEFORE 25/05/2021

SEBI VIDE ITS ORDER DATED 23/02/2022 ALLOWED THE EXPENSES WITHOUT PREJUDICE TO THE DIRECTION TO THE APPLICANT TO RETAIN FUND/OTHER ASSETS, AS GIVEN IN EX-PARTE ORDER DATED 17/09/2019

SEBI VIDE ITS ORDER DATED 04/10/2022 DIRECTED TO RESTRAINED FROM ACCESSING THE SECURITIES MARKET AND FURTHER PROHIBITED FROM BUYING, SELLING OR DEALING IN SECURITIES, DIRECTLY OR INDIRECTLY, OR BEING ASSOCIATED WITH SECURITIES MARKET IN ANY MANNER, WHATSOEVER, FOR THREE YEARS AND SIX MONTHS FROM DATE OF COMING INTO FORCE OF THIS ORDER

SAT: SAT VIDE ITS ORDER DATED 30/11/2022 DIRECTED RESPONDENT TO FILE REPLY WITHIN THREE WEEKS FROM DATE OF THIS ORDER AND REJOINDER TO BE FILED THREE WEEKS THEREAFTER

SAT: SAT VIDE ITS ORDER DATED 23/01/2023 ALLOWED APPELLANTS THREE WEEKS TO FILE REJOINDER

SAT: SAT VIDE ITS ORDER DATED 27/02/2023 CONDONED THE DELAY IN FILING OF REJOINDER REPLY BY RESPONDENT. EFFECT AND OPERATION OF IMPUGNED ORDER TO REMAIN STAYED AND APPELLANT TO DEPOSITS 50% OF PENALTY AMOUNT WITHIN THREE WEEKS FROM DATE OF THIS ORDER. IF AMOUNT DEPOSITED, BALANCE AMOUNT NOT TO BE RECOVERED DURING PENDENCY OF THE APPEAL

176

B.M.KHANNA

(PAN:ADBPK4671K)

WINSOME YARNS LTD.

CIN:L17115CH1990PLC010566
PAN:AAACW1911H

INDULGED IN ISSUANCE OF GDRS FRAUDULENTLY AND EXECUTED PLEDGE AGREEMENT ON BEHALF OF WINSOME VIOLATING SECTIONS 12A (A) TO (C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(A) TO (D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF WINSOME YARNS LTD.

177

B.RAMA RAJU

(PAN:ACEPB2813Q)

SATYAM COMPUTER SERVICES LTD.

SOLD AND PLEDGED SHARES WHILE IN POSSESSION OF UNPUBLISHED PRICE SENSITIVE INFORMATION VIOLATING REGULATIONS 3 AND 4 OF SEBI (PROHIBITION OF INSIDER TRADING) REGULATIONS, 1992 AND SECTION 12A (D) & (E) OF SEBI ACT, 1992 IN MATTER OF SATYAM COMPUTER SERVICES LTD.

SEBI VIDE ITS ORDER DATED 02/11/2018 DIRECTED TO 1) RESTRAINED FROM ACCESSING 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 FOURTEEN (14) YEARS, TO BE CALCULATED SINCE 15/07/2014 AND TO 2) DISGORGE RS.29,54,35,195.00 WITH SIMPLE INTEREST @ 12% P.A. FROM 07/01/2009 TILL DATE OF PAYMENT WITHIN 45 DAYS FROM DATE OF THIS ORDER

SAT: SAT VIDE ITS ORDER DATED 19/05/2021 ALLOWED APPELLANTS TO FILE WRITTEN SUBMISSION WITHIN FOUR WEEKS FROM DATE OF THIS ORDER AND GRANTED RESPONDENT ANOTHER THREE WEEKS TO FILE WRITTEN SUBMISSION THEREAFTER

SAT: SAT VIDE ITS ORDER DATED 20/04/2021 LISTED THE APPEALS FOR FINAL HEARING ON 19/05/2021. IN THE MEANWHILE, PARTIES TO FILE THE LIST OF DATES, WRITTEN SUBMISSIONS AND THE CASE LAWS

SAT: SAT VIDE ITS ORDER DATED 02/02/2023 ALLOWED THE APPEALS AND SET ASIDE IMPUGNED ORDERS DATED 16/10/2018 AND 02/11/2018. MATTER REMITTED TO WTM TO PASS A FRESH ORDER WITHIN FOUR MONTHS

SAT: SAT VIDE ITS ORDER DATED 13/06/2023 DISPOSE OF THE MATTER AND DIRECTED WTM TO DECIDE THE MATTER AS PER DIRECTIONS GIVEN IN PARAGRAPH 120 OF ORDER DATED 02/02/2023 ON OR BEFORE 30/11/2023

SEBI VIDE ITS ORDER DATED 30/11/2023 RESTRAIN FROM ACCESSING SECURITIES MARKET AND FURTHER PROHIBIT FROM BUYING, SELLING OR OTHERWISE DEALING IN SECURITIES, DIRECTLY OR INDIRECTLY, OR BEING ASSOCIATED WITH SECURITIES MARKET IN ANY MANNER TILL 14/07/2028AND DISGORGE UNLAWFUL GAIN RS.20,43,46,875.00 ALONG WITH SIMPLE INTEREST @12% PER ANNUM FROM 07/01/2009 TILL THE DATE OF PAYMENT

178

B.RAMALINGA RAJU

(PAN:ACVPB8311J)

SATYAM COMPUTER SERVICES LTD.

SEBI VIDE ITS ORDER DATED 02/11/2018 DIRECTED TO 1) RESTRAINED FROM ACCESSING 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 FOURTEEN (14) YEARS, TO BE CALCUTED SINCE 15/07/2014 AND TO 2) DISGORGE RS.26,62,50,000.00 WITH SIMPLE INTEREST @ 12% P.A. FROM 07/01/2009 TILL DATE OF PAYMENT WITHIN 45 DAYS FROM DATE OF THIS ORDER

SAT: SAT VIDE ITS ORDER DATED 19/05/2021 ALLOWED APPELLANTS TO FILE WRITTEN SUBMISSION WITHIN FOUR WEEKS FROM DATE OF THIS ORDER AND GRANTED RESPONDENT ANOTHER THREE WEEKS TO FILE WRITTEN SUBMISSION THEREAFTER

SAT: SAT VIDE ITS ORDER DATED 20/04/2021 LISTED THE APPEALS FOR FINAL HEARING ON 19/05/2021. IN THE MEANWHILE, PARTIES TO FILE THE LIST OF DATES, WRITTEN SUBMISSIONS AND THE CASE LAWS

SAT: SAT VIDE ITS ORDER DATED 02/02/2023 ALLOWED THE APPEALS AND SET ASIDE IMPUGNED ORDERS DATED 16/10/2018 AND 02/11/2018. MATTER REMITTED TO WTM TO PASS A FRESH ORDER WITHIN FOUR MONTHS

SAT: SAT VIDE ITS ORDER DATED 13/06/2023 DISPOSE OF THE MATTER AND DIRECTED WTM TO DECIDE THE MATTER AS PER DIRECTIONS GIVEN IN PARAGRAPH 120 OF ORDER DATED 02/02/2023 ON OR BEFORE 30/11/2023

SEBI VIDE ITS ORDER DATED 30/11/2023 RESTRAIN FROM ACCESSING SECURITIES MARKET AND FURTHER PROHIBIT FROM BUYING, SELLING OR OTHERWISE DEALING IN SECURITIES, DIRECTLY OR INDIRECTLY, OR BEING ASSOCIATED WITH SECURITIES MARKET IN ANY MANNER TILL 14/07/2028AND DISGORGE UNLAWFUL GAIN RS.20,43,46,875.00 ALONG WITH SIMPLE INTEREST @12% PER ANNUM FROM 07/01/2009 TILL THE DATE OF PAYMENT

179

B.RAVISHANKAR PAI

(PAN:BKSPP5971Q)

INDULGED IN SIPHONING OFF RS.64.43 CRORES (APPROX) FROM IPO PROCEEDS VIOLATING REGULATIONS 57(1) & 60(7)(A) AND CLAUSES 2(VII)(G), 2(VIII)(D)(5) & 2(XVI)(B)(2) OF PART A OF SCHEDULE VIII READ WITH REGULATION 57(2)(A) OF THE SEBI (ICDR) REGULATIONS, 2009 IN MATTER OF IPO OF SUDAR INDUSTRIES LTD.

SAT: SAT VIDE ITS ORDER DATED 09/02/2022 CONDONED THE DELAY OF 175 DAYS IN FILING OF APPEAL. DISMISSED EXEMPTION APPLICATION AS INFRUCTUOUS. IN THE MEANWHILE, RESPONDENT TO FILE REPLY WITHIN THREE WEEKS AND REJOINDER TO FILE ON OR BEFORE NEXT DATE

SAT: SAT VIDE ITS ORDER DATED 24/03/2022 IN THE MEANWHILE, RESPONDENT MAY FILED REPLY WITHIN TWO WEEKS FROM DATE OF THIS ORDER AND REJOINDER MAY BE FILED ON OR BEFORE THE NEXT DATE

SAT: SAT VIDE ITS ORDER DATED 21/04/2022 ALLOWED THE APPLICATION AND REJOINDER TO BE FILED WITHIN THREE WEEKS

SAT: SAT VIDE ITS ORDER DATED 13/06/2022 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER

SAT: SAT VIDE ITS ORDER DATED 10/01/2023 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER

180

BABAN SADASHIV SONAWALE

(PAN:APGPS2196N
DIN:02484205)

SITARAM MAHARAJ SAKHAR KARKHANA (KHARDI) LTD.

PAN:AAOCS0492B
CIN:U15424PN1999PLC013656

MOBILIZED RS.17.10 CRORES THROUGH ISSUANCE OF NON-CONVERTIBLE REDEEMABLE PREFERENCE SHARES (NCRPS) BY WAY OF PRIVATE PLACEMENT TO 5,696 INVESTORS VIOLATING SECTIONS 56, 60, 67 AND 73 OF COMPANIES ACT, 1956 AND SECTIONS 26, 33, 40 AND 42 OF COMPANIES ACT, 2013 AND REGULATIONS 4(2)(A), 4(2)(B), 4(2)(C), 4(2)(D), 4(5), 5 TO 9, 13, 15, 16, 16(B)(1) AND 22 OF SEBI (ISSUE AND LISTING OF NCRPS) REGULATIONS, 2013