sebi:SO/AS/EFD2/2022-23/7159
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Facts / Headnote
settled
Provisions invoked
- s. 19
- s. 15J
Regulations
- Reg. 25
- Reg. 28
- Reg. 23
- Reg. 31
Holding
Any proceedings that may be initiated for the violations mentioned at paragraph 1 are settled in respect of the Applicant upon payment of Rs. 7,14,400. SEBI shall not initiate any enforcement action against the Applicant for the said violations, subject to its rights under Regulation 28 of the Settlement Regulations.
Full text
2 shares each, were also, as stated by the Applicant, inadvertently not included in the shareholding pattern under Clause 35 of the Listing Agreement from the quarter ended December 31, 2010 to the quarter ended September 30, 2012.
3 of India Act, 1992 and in terms of Regulation 23 of the Settlement Regulations, it is hereby ordered that any proceedings that may be initiated for the violations as mentioned at paragraph 1 above, are settled in respect of the Applicant on the following terms:
2.3 The Applicant filed revised shareholding details for the quarter ended December 31, 2010 to the quarter ended December 31, 2021, incorporating the shares held by Mr. Ananth Pai, Ms. Poornima Pai and Ms. Nivedita Pai as part of the promoter/promoter group shareholding, under Regulation 31 of the LODR Regulations and Clause 35 of the erstwhile listing agreement on June 29, 2023.
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Source: SecMarx — sebi:SO/AS/EFD2/2022-23/7159. 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.