sebi:WTM/AB/IVD-1/ID15/31364/2025-26
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Facts / Headnote
Limited relaxation for sale of securities granted to Jaya Hemant Ghai with proceeds restricted to compliance with March 19, 2025 Order; depositories, exchanges and RTAs directed to give effect with immediate effect
Parties
- Hemant Ghai
- Jaya Hemant Ghai
Holding
SEBI granted a limited relaxation allowing Jaya Hemant Ghai to sell securities, directing that the sale proceeds be used only to comply with the March 19, 2025 Order. Depositories, exchanges and RTAs were directed to give effect to the relaxation with immediate effect.
Full text
Addendum to Order dated March 19, 2025 in the matter of Hemant Ghai and others Page 2 of 2 4. The proceeds from selling securities pursuant to the relaxation granted vide this Order shall be utilised by Jaya Hemant Ghai only for the purpose of complying with the directions issued vide Order dated March 19, 2025.
5. The depositories, the exchanges and the RTAs are directed to take note of the limited relaxations granted above and take necessary action for giving effect to the same.
6. A copy of this order shall be served upon the depositories, the exchanges and the RTAs 7. This Order shall come into force with immediate effect.
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Source: SecMarx — sebi:WTM/AB/IVD-1/ID15/31364/2025-26. 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.