sebi:Order/SM/DD/2022-23/18013
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Facts / Headnote
Violation established; penalty of Rs. 1,00,000 imposed
Provisions invoked
- s. 11B
- s. 11
- s. 15A
- s. 15
- s. 19
- s. 15I
- s. 15J
- s. 15F
- s. 28A
Regulations
- Reg. 7(2)(a)
Parties
- Mr. Raghuraman Rangharajan
Holding
The Noticee violated Regulation 7(2)(a) of PIT Regulations on four occasions by failing to disclose trades exceeding Rs. 10 lakh to Titan Company Ltd., and a monetary penalty of Rs. 1,00,000 under Section 15A(b) of SEBI Act was imposed.
Full text
Adjudication Order in respect of Mr. Raghuraman Rangharajan in the matter of Titan Company Ltd. Page 2 of 11 and designated persons of TCL including Mr. Raghuraman Rangharajan (hereinafter referred to as ‘Noticee/by name’). Therefore, SEBI initiated adjudication proceedings against Noticee under the provisions of Section 15A(b) of Securities and Exchange Board of India Act, 1992 (hereinafter referred to as ‘SEBI Act’) for alleged violation of Regulation 7(2)(a) of PIT Regulations by Noticee.
Adjudication Order in respect of Mr. Raghuraman Rangharajan in the matter of Titan Company Ltd. Page 3 of 11 Name of Noticee Total Traded Value (BSE+NSE) (in Rs.) No. of occasions on which traded value exceeded Rs. 10 lakh April– June 2018 July-Sep 2018 Mr. Raghuraman Rangharajan 4596668 3305550 4
Adjudication Order in respect of Mr. Raghuraman Rangharajan in the matter of Titan Company Ltd. Page 4 of 11 through digitally signed email on February 22, 2022, and was duly served upon him. Noticee appeared for hearing on the scheduled date and reiterated his earlier
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Source: SecMarx — sebi:Order/SM/DD/2022-23/18013. 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.