sebi:Order/GR/KG/2019-20/5993-6002
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Facts / Headnote
Consolidated penalty of Rs. 2,00,000 imposed jointly against the Noticees under Section 15A(b) of the SEBI Act, payable within 45 days
Provisions invoked
- s. 15A
- s. 15
- s. 19
- s. 11B
- s. 11
- s. 15F
- s. 28A
- s. 58
Regulations
- Reg. 7
- Reg. 7(1)
- Reg. 11
- Reg. 199
- Reg. 44
- Reg. 8(2)
- Reg. 7(2)
- Reg. 3(4)
- Reg. 30(1)
- Reg. 30(2)
- Reg. 31(1)
- Reg. 31(2)
- Reg. 3(3)
- Reg. 235
Parties
- Wintac Limited
- Mr. S. Jayprakash Mady
- Ms. Kripa Mady
- Mr. S.T.R Mady
- Mrs. Ratnakala Mady
- Mrs. Meenakshy Maddi
- Shashta Pharma Laboratories Pvt. Ltd
- BPRL Pvt. Ltd.
- Mr. Nagaraj Ballal
- Mrs. Roopa Nagaraj
Holding
The Noticees violated disclosure and reporting provisions of SAST 1997 and SAST 2011 by delayed disclosures of acquisitions/changes in shareholding during 2002-2012, and a consolidated penalty of Rs. 2,00,000 under Section 15A(b) of the SEBI Act was imposed jointly against them.
Full text
Page 2 of 15 Adjudication Order against entities in the matter of Wintac Limited 7. Mrs. Ratnakala Mady 45/2, ‘Tapovan’, D Block, 45th Cross, 17th Main, JP Nagar II Phase, Marenhalli, Bangalore- 560078 14 BPRL Fine Chemicals Pvt Ltd. 16/2, OVH Road, Basavangudi, Bangalore- 560004
Page 3 of 15 Adjudication Order against entities in the matter of Wintac Limited communique dated November 22, 2013) under section 19 read with section 15-I of Securities and Exchange Board of India Act, 1992, (hereinafter, SEBI Act), Regulations 44 and 45 of the SAST, 1997 read with Regulation 235 of SAST 2011 and under Rule 3 of SEBI (Procedure for Holding Inquiry and Imposing Penalties) Rules, 1995 (hereinafter, Rules) to enquire into and adjudge under section 15A(b) of the SEBI Act, for the alleged violation of the provisions of SAST, 1997 and SAST, 2011. Subsequently, upon transfer of the case, the undersigned was appointed as the AO in the matter vide order dated December 9, 2014.
Page 4 of 15 Adjudication Order against entities in the matter of Wintac Limited S. Jaypra kash Mady 7(1) read with 7(2) of SAST 1997 17.09. 2005 799900 11535 6 (2.88% ) 915256 (22.88% ) 20% 19.09.2005 4.03.20 13 2723 STR Mady 7(1) read with 7(2) of SAST 1997 6.07.2 011 715000 40775 0 (8.98% ) 112275 0 (18.64% ) 11.87 % 08.07.2011 25.07.2 011 17 BPRL Pvt Ltd. 7(1) read with 7(2) of SAST 1997 6.07.2 011 455000 27700 (0.61% ) 482700 (8.01%) 7.55% 08.07.2011 25.07.2 011 17
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