sebi:Order/AN/SM/2025-26/31551
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Facts / Headnote
Penalty imposed on Noticee for violation of Regulation 29(2) of SAST Regulations, 2011
Provisions invoked
- s. 11B
- s. 11
- s. 15A
- s. 15
- s. 19
- s. 15J
- s. 15F
- s. 28A
Regulations
- Reg. 7
- Reg. 5
- Reg. 29
- Reg. 6(2)
- Reg. 29(2)
- Reg. 66
Parties
- ASL Enterprises Limited
Holding
The Noticee, ASL Enterprises Limited, violated Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 by failing to disclose the sale of 2,36,000 shares on March 22, 2022, and is liable for a monetary penalty of Rs. 1,00,000 under Section 15A(b) of the SEBI Act, 1992. The allegation regarding the sale of 2,20,000 shares on November 26, 2021 was not established as benefit of doubt was given to the Noticee.
Full text
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Source: SecMarx — sebi:Order/AN/SM/2025-26/31551. 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.