sebi:SO/EFD-2/SD/308/SEPTEMBER/2019
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Facts / Headnote
Settlement of enforcement and adjudication proceedings against the applicant upon payment of settlement amount, disgorgement, and interest.
Provisions invoked
- s. 12A
- s. 15J
Regulations
- Reg. 25
- Reg. 3(i)
- Reg. 34
- Reg. 23
- Reg. 12
Parties
- Ms. Komal Jaideep Raigagla
Holding
SEBI settled the pending enforcement and adjudication proceedings against Ms. Komal Jaideep Raigagla for alleged insider trading in Sabero Organics Limited scrip, upon payment of ₹33,46,875 as settlement charges, disgorgement of ₹13,55,250 with interest of ₹13,18,862, without the applicant admitting findings of fact or conclusions of law.
Full text
Settlement order in respect of Ms. Komal Jaideep Raigagla in the matter of Sabero Organics Ltd. Page 1 of 3 SO/EFD-2/SD/308/SEPTEMBER/2019
Settlement order in respect of Ms. Komal Jaideep Raigagla in the matter of Sabero Organics Ltd. Page 2 of 3 considered the settlement terms proposed and recommended the case for settlement upon payment of ₹33,46,875/- (Rupees Thirty Three Lakh Forty Six Thousand Eight Hundred Seventy Five only) along with disgorgement of ₹13,55,250 (Rupees Thirteen Lakh Fifty Five Thousand Two Hundred Fifty only) with interest thereupon of ₹13,18,862/- ( Rupees Thirteen Lakh Eighteen Thousand Eight Hundred Sixty Two Only ) by the applicants towards settlement charges for the aforementioned defaults. The Panel of Whole Time Members of SEBI accepted the said recommendation of the HPAC on August 22, 2019, and the same was communicated to the applicants vide e-mail dated August 28, 2019.
Settlement order in respect of Ms. Komal Jaideep Raigagla in the matter of Sabero Organics Ltd. Page 3 of 3 7. This settlement order is passed on this 27th day of September, 2019 and shall come into force with immediate effect.
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Source: SecMarx — sebi:SO/EFD-2/SD/308/SEPTEMBER/2019. 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.