sebi:WTM/AB/CFID/CFID-TPD/31324/2024-25
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Facts / Headnote
Trading suspension revoked subject to conditions; other interim directions confirmed; investigation timeline extended to June 30, 2025
Provisions invoked
- s. 19
- s. 12A
- s. 27
Regulations
- Reg. 3
- Reg. 30
Holding
SEBI confirmed the interim directions against BGDL and its Noticees, revoked the trading suspension subject to BGDL disseminating key provisional financial numbers for FY 2024-25 before April 15, 2025, prohibited effecting the approved stock split and bonus issue, and extended the investigation timeline to June 30, 2025.
Full text
Confirmatory Order in the matter of Bharat Global Developers Ltd. Page 2 of 18 22. Nishitaben Chandrakant Bharvad DKPPB6133M 23. Manubhai Sendhabhai Bharwad ACTPB5034E
Confirmatory Order in the matter of Bharat Global Developers Ltd. Page 3 of 18 In the matter of Bharat Global Developers Ltd.
Confirmatory Order in the matter of Bharat Global Developers Ltd. Page 4 of 18 these companies were found to be non-existent, and the nature of order secured from RIL was incorrectly described as involving design, engineering and expertise in delivering advanced refining technologies, to falsely showcase technological expertise. The said order was for supply of general construction materials only.
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Source: SecMarx — sebi:WTM/AB/CFID/CFID-TPD/31324/2024-25. 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.