sebi:Order/AK/DS/2025-26/31523-31525
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Facts / Headnote
Violations established; penalties imposed on Noticees 1 and 2
Provisions invoked
- s. 15
- s. 19
- s. 12A
- s. 15H
- s. 15J
Regulations
- Reg. 3
- Reg. 3(a)
Parties
- M/s Aqua Proof Wall Plast Private Limited (APWPPL)
- Naresh Chandra Bohra
Holding
Noticee 1 (APWPPL), as the amalgamating company inheriting MFAPL's business, and Noticee 2 (Naresh Chandra Bohra), as director and shareholder of MFAPL, were held liable for fraudulent and unfair trade practices in the nature of front running in the scrip of KPIT Technologies Ltd. on July 26, 2017, attracting penalty under Section 15HA of the SEBI Act.
Full text
Adjudication Order in the matter of front running by certain entities in the scrip of KPIT Technologies Ltd. Page 2 of 47
Adjudication Order in the matter of front running by certain entities in the scrip of KPIT Technologies Ltd. Page 3 of 47
Adjudication Order in the matter of front running by certain entities in the scrip of KPIT Technologies Ltd. Page 4 of 47
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Source: SecMarx — sebi:Order/AK/DS/2025-26/31523-31525. 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.