sebi:SO/SM/KS/2025-26/8256
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Facts / Headnote
Adjudication proceedings disposed of by settlement
Provisions invoked
- s. 15A
- s. 19
- s. 15J
Regulations
- Reg. 10
- Reg. 25
- Reg. 28
- Reg. 14(3)
- Reg. 23(1)
- Reg. 13(2)(c)
- Reg. 30
- Reg. 30(3)
- Reg. 30(4)(i)(c)
Parties
- Fino Payments Bank Limited
Holding
The adjudication proceedings initiated against Fino Payments Bank Limited vide SCN No. SEBI/HO/EAD/EAD5/P/OW/2024/31639/1 dated October 08, 2024 are disposed of upon payment of the settlement amount of Rs. 5,88,921.45 without admission or denial of findings.
Full text
Settlement Order in respect of Fino Payments Bank Limited |Page 2 of 6 Section 19 of the SEBI Act, 1992, the Competent Authority appointed Shri Amar Navlani as Adjudicating Officer vide order dated August 12, 2024 which was communicated to the Adjudicating Officer vide order dated August 13, 2024.
Settlement Order in respect of Fino Payments Bank Limited |Page 3 of 6 c) The share price of the company declined significantly during the relevant period, reflecting material impact.
Settlement Order in respect of Fino Payments Bank Limited |Page 4 of 6 points made in the reply dated January 14, 2025. Furthermore, the authorized representative requested additional time until January 28, 2025, to provide further
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Source: SecMarx — sebi:SO/SM/KS/2025-26/8256. 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.