sebi:Order/BM/GN/2022-23/22947
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Facts / Headnote
The Noticee was found to have violated Section 12A(a), (b) and (c) of the SEBI Act, 1992 and Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(k) of the SEBI (PFUTP) Regulations, 2003. A penalty was imposed under Section 15HA of the SEBI Act; the penalty amount is not stated in the supplied text.
Provisions invoked
- s. 15
- s. 12A
- s. 15H
- s. 15J
- s. 28A
Regulations
- Reg. 3
- Reg. 4
- Reg. 4(1)
- Reg. 200
- Reg. 4(2)
- Reg. 3(a)
- Reg. 12A
- Reg. 4(2)(k)
- Reg. 13(3)
Parties
- Jalaj Agrawal
Holding
The Adjudicating Officer found that Jalaj Agrawal disseminated buy recommendations in Panafic Industrials Limited through bulk SMSs designed to influence investors, in violation of the cited provisions of the SEBI Act and PFUTP Regulations. A penalty was imposed under Section 15HA, but its amount is absent from the supplied text.
Full text
Adjudication Order in the matter of trading activities of certain entities in the scrip of Panafic Industrials Limited Page 2 of 23
Adjudication Order in the matter of trading activities of certain entities in the scrip of Panafic Industrials Limited Page 3 of 23
Adjudication Order in the matter of trading activities of certain entities in the scrip of Panafic Industrials Limited Page 4 of 23
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Source: SecMarx — sebi:Order/BM/GN/2022-23/22947. 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.