sebi:EAD-2/SS/SK/2019-20/3429
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Facts / Headnote
Penalty imposed on the Noticee for failure to make required disclosures to stock exchanges
Provisions invoked
- s. 23E
- s. 23
- s. 23J
- s. 23A
- s. 23I
Regulations
- Reg. 30
- Reg. 5
- Reg. 30(1)
- Reg. 101(2)
- Reg. 30(7)
Parties
- Som Distilleries and Breweries Limited
Holding
The Noticee, Som Distilleries and Breweries Limited, was held liable for failing to disclose the dispute with MPSIDC and related court orders to the stock exchanges as required under Clause 36(5) of the erstwhile Equity Listing Agreement, Regulation 30 of the LODR Regulations, and SEBI Circular dated September 09, 2015, and a penalty of ₹5,00,000 was imposed under Section 23E of the SCRA.
Full text
_________________________________________________________________________________________ Adjudication Order in respect of Som Distilleries and Breweries Limited Page 2 of 19 (File No.: EAD-2/SS/SK/19/42/2019-20)
_________________________________________________________________________________________ Adjudication Order in respect of Som Distilleries and Breweries Limited Page 3 of 19 (File No.: EAD-2/SS/SK/19/42/2019-20)
_________________________________________________________________________________________ Adjudication Order in respect of Som Distilleries and Breweries Limited Page 4 of 19 (File No.: EAD-2/SS/SK/19/42/2019-20)
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Source: SecMarx — sebi:EAD-2/SS/SK/2019-20/3429. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.