sebi:Order/BM/UR/2023-24/25980
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Facts / Headnote
SCN dated March 06, 2023 disposed without imposing any penalty
Provisions invoked
- s. 15A
- s. 15
- s. 15J
Regulations
- Reg. 13
- Reg. 13(1)
- Reg. 7(1)
- Reg. 29(2)
- Reg. 29(3)
- Reg. 7(2)
- Reg. 30(2)
- Reg. 201
Parties
- Harish Veerappa Kanchan
Holding
The Adjudicating Officer disposed of the SCN dated March 06, 2023 without imposing any penalty for delayed disclosures under Regulation 29(2) read with Regulation 29(3) of the SEBI SAST Regulations, 2011.
Full text
Adjudication Order in the matter of HCKK Ventures Ltd. Page 2 of 13 Act, 1992 to conduct adjudication proceedings into the violations of Regulation 29(2) read with Regulation 29(3) of SEBI SAST Regulations, 2011 alleged to have been committed by the Noticee in the manner specified under Rule 4 of Adjudication Rules read with Section 15-I(1) and (2) of SEBI Act, 1992, and if satisfied that
Adjudication Order in the matter of HCKK Ventures Ltd. Page 3 of 13 Table 1: Transactions by Promoters FY Opening Balance Transaction Details Closing Balance Increase (Decrease) in the shareholdi ng of promoters and promoters group (%) Compliance Status with SEBI (SAST) Regulation Name and holding of promoters and promoters group Date of transactio n (Allotmen t / Transfer) Shares Acquired Shares Sold Mode of acquisition / sale Name and holding of promoters and promoters group Name No. of shares % Name No. of shares % Name No. of share s % Name No. of shares % 201 6- 17 Winsome Retails and Marketin g Private Ltd. 855000 25.15 09/05/2016 - - - Winsome Retails and Marketing Private Ltd. 85500 0 25.15 Sales Through SPA Harish Veerappa Kanchan 2194731 59.16 34.01 COMPLIE D: 29(2) r/w 29(3)by Former Promoter and 29(1)&29(2 ) r/w 29(3) by Promoter; 30(2) r/w 30(3) by Promoter 09/05/2016 Harish Veerap pa Kancha n 855000 25.14 - - - Acquisition through SPA 22/06/2016 909731 26.76 - - - Acquisition through open offer 25/07/201 6 430000 12.65 - - - Acquisition through open offer 201 7- 18 Harish Veerappa Kanchan 2194731 59.16 09/03/2018 Harish Veerappa Kanchan 71000 1.91 - - - Market Acquisitio n Harish Veerapp a Kancha n 22657 31 61.07 1.91 COMPLIE D: 30(2) r/w 30(3);
Adjudication Order in the matter of HCKK Ventures Ltd. Page 4 of 13 30(2) r/w 30(3) d. From the perusal of table as abovementioned, following incidents of violations relating to provisions of Chapter V of SEBI SAST Regulations, 2011 on the part of the Promoter/Noticee of the Target Company were alleged:
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Source: SecMarx — sebi:Order/BM/UR/2023-24/25980. 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.