sebi:Order/JS/YK/2025-26/31531-31532
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Facts / Headnote
Monetary penalty imposed on Noticee 1 and Noticee 2 for delayed disclosures
Provisions invoked
- s. 11B
- s. 11
- s. 15A
- s. 15
- s. 15J
Regulations
- Reg. 4
- Reg. 3
- Reg. 5
- Reg. 29(1)
- Reg. 29
- Reg. 2
- Reg. 29(2)
- Reg. 29(3)
Parties
- Smart Infrapropoerties
- Yuvika Tradewing LLP
Holding
Noticee 1 violated regulation 29(2) read with regulation 29(3) of SAST Regulations by delayed disclosure of four disposals and Noticee 2 violated regulation 29(1) read with regulation 29(3) by delayed disclosure of one acquisition, and monetary penalty of Rs. 10,00,000 on Noticee 1 and Rs. 2,00,000 on Noticee 2 under section 15A(b) of SEBI Act was imposed.
Full text
Adjudication Order in the matter of Cressanda Solutions Limited Page 2 of 17 it on January 05, 2022. Therefore, it was alleged that Noticee 2 had violated the provisions of regulation 29(1) read with regulation 29(3) of SAST Regulations. APPOINTMENT OF ADJUDICATING OFFICER
Adjudication Order in the matter of Cressanda Solutions Limited Page 3 of 17 it on November 30, 2021, December 06, 2021, December 20, 2021, and January 05, 2022. Noticee 2 who was acquirer of shares of Cressanda had made delayed disclosure of the transaction done by it on January 05, 2022. The details of the transactions done by Noticees and delay in disclosures are summarized as under: Table 1
Adjudication Order in the matter of Cressanda Solutions Limited Page 4 of 17 Noticees in BSE. The SCN, along with the annexures, was issued in the following manner: Table 2 Sr. No. Mode of Delivery Remarks 1 Through Courier Noticee 1 Address 1: AE-326, Salt Lake City, Sector I, Ground Floor, Kolkata – 700 064 Address 2: L 31, Silver Pointopp, Vidhya Bharti School, Bhatar Road, Surat – 395 001 Shipment delivered as per online tracking from the website of courier agency. Noticee 2 Address 1: C4/12, Shanti Vihar, C-3/4 CHS Ltd, Shanti vihar, Mira Road East, Thane – 401 107 The SCN returned undelivered with the remark “No such consignee at the given”. Address 2: B-204 Chaya Lodha Heven Kalyan Shil, Nilie Dombivali E, Thane – 421 201 The SCN returned undelivered with the remark “Consignee shifted from the given address”. Address 3: 304, Maitri Planet Nx Building, A Wing, Sector 351, Near Ganesh Mandir, Mumbai – 410 210 The SCN returned undelivered with the remark “Consignee shifted from the given address”. 2 Through Speed Post with Acknowledgment Due (SPAD) Noticee 1 Address 1: AE-326, Salt Lake City, Sector I, Ground Floor, Kolkata – 700 064 Address 2: L 31, Silver Pointopp, Vidhya Bharti School, Bhatar Road, Surat – 395 001 The SCN returned undelivered with the remark “Addressee left without instructions”. Noticee 2 Address 1: C4/12, Shanti Vihar, C-3/4 CHS Ltd, Shanti vihar, Mira Road East, Thane – 401 107 The SCN returned undelivered with the remark “Insufficient Address”. Add
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Source: SecMarx — sebi:Order/JS/YK/2025-26/31531-31532. 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.