sebi:Order/AK/GN/2025-26/32129-32138
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Facts / Headnote
Penalties imposed on Noticees for violations of SEBI Act and PFUTP/LODR Regulations
Provisions invoked
- s. 15
- s. 12A
- s. 15H
- s. 27
- s. 15J
- s. 11C
- s. 134
Regulations
- Reg. 4
- Reg. 3
- Reg. 4(1)
- Reg. 7
- Reg. 17
- Reg. 4(2)
- Reg. 3(a)
- Reg. 18
- Reg. 33
- Reg. 12A
- Reg. 48
- Reg. 18(3)
- Reg. 17(8)
- Reg. 4(2)(f)(i)
- Reg. 15
- Reg. 2
- Reg. 5
- Reg. 16
Parties
- Oriental Trimex Limited
- Noticee 1
- Noticee 2
- Noticee 3
- Noticee 4
- Mirage Marble Private Limited (Noticee 5)
- Nirmal Marble Limited (Noticee 6)
- Noticee 8
- Noticee 9
- Noticee 10
- Savita Punia
- Om Prakash Sharma
Holding
The Noticees were found to have violated the SEBI Act, PFUTP Regulations, and LODR Regulations by engaging in fictitious revenue recognition and fraudulent trade practices through a network of interconnected entities. Penalties were imposed under Sections 15HA, 15HB, and 15A(a) of the SEBI Act.
Full text
Adjudication Order in the matter of Investigation in the Financial Statements of Oriental Trimex Limited Page 2 of 79 as the “SEBI Act”). The investigation period was from April 01, 2017 to March 31, 2020 (hereinafter referred as the “Investigation period” or “IP”).
Adjudication Order in the matter of Investigation in the Financial Statements of Oriental Trimex Limited Page 3 of 79 Regulation 18(3) r/w Para A of Part C of Schedule II of LODR Regulations 4 Regulations 3(a),3(b),3(c),3(d), 4(1), 4(2)(f), 4(2)(k), 4(2)(r) of PFUTP Regulations r/w Section 12A (a), (b), (c) of SEBI Act Regulation 4(1) (a), (b), (c), (d), (e), (g), (h), (i) and (j), 4(2)e, 33(1)(a), 33(1)(c) and 48 of LODR Regulations r/w Section 27 of SEBI Act. Regulation 17(8) of LODR Regulations 5 and 6 Section 12A (b) & (c) of the SEBI Act r/w regulations 3 (c) & (d) and 4(1) of the PFUTP Regulations. Section 15HA of SEBI Act for violation of PFUTP Regulations. 7 Section 12A (b) & (c) of the SEBI Act r/w regulations 3 (c) & (d) and 4(1) of the PFUTP Regulations r/w Section 27 of the SEBI Act
Adjudication Order in the matter of Investigation in the Financial Statements of Oriental Trimex Limited Page 4 of 79 5. Vide email dated June 04, 2025, Noticee 4 and Noticee 8 and vide email dated June 05, 2025 Noticee 9 sought extension for submission of reply, therefore, vide email dated June 10, 2025 time till July 06, 2025 to all the Noticees for submission of reply. Vide email dated June 18, 2025, Noticee 10 sought copy of SCN and annexures, in view of the same, vide email dated June 18, 2025 copy of the digitally signed SCN was sent to Noticee 10 and the annexures were sent in CD through SPAD.
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Source: SecMarx — sebi:Order/AK/GN/2025-26/32129-32138. 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.