sebi:WTM/ASB/CFD/CFD-SEC-1/30079/2023-24
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Facts / Headnote
Noticee 1 directed to make public announcement for open offer with 10% p.a. interest; proceedings against Noticee 2 and Noticee 3 disposed of without any direction.
Provisions invoked
- s. 19
- s. 11(1)
- s. 12A
- s. 138
Regulations
- Reg. 4
- Reg. 10
- Reg. 44
- Reg. 29(2)
- Reg. 3(1)
- Reg. 2(1)(q)
- Reg. 13(1)
- Reg. 3(2)
- Reg. 58
- Reg. 2(1)(q)(2)
- Reg. 10(1)(a)
- Reg. 7(6)
- Reg. 8(2)(d)
- Reg. 32(1)(h)
- Reg. 12A(f)
Parties
- Rutmarg Commercial Pvt. Ltd.
- Latika Ganeshkumar Kuppan
- Anand Ganesh Kumar
Holding
Rutmarg Commercial Pvt. Ltd. violated Regulations 3(1), 3(2) and 4 of the SAST Regulations, 2011 and must make a public announcement for open offer at the most beneficial price with 10% p.a. interest; proceedings against Latika Ganeshkumar Kuppan and Anand Ganesh Kumar are disposed of without direction.
Full text
Order in the matter of Perfect-Octave Media Projects Ltd. Page 2 of 21 Premises, 123/24, Andheri Kurla Road, Andheri (East), Mumbai, Maharashtra,
Order in the matter of Perfect-Octave Media Projects Ltd. Page 3 of 21 Table 1: Shareholding of Rutmarg in POMPL Quarters July 2016 Sep 2016 Dec 2016 to Sep 2017 Dec 2017 Mar 2018 to Sep 2018 Dec 2018 to Sep 2020 Percentage of shares 15.11 27.77 27.48 34.66 23.71 24.11
Order in the matter of Perfect-Octave Media Projects Ltd. Page 4 of 21 not routed/registered with any of the depositories under the relevant provisions of the Depositories Act, 1996, as confirmed by the demat account statements of the abovementioned entities and Rutmarg.
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Source: SecMarx — sebi:WTM/ASB/CFD/CFD-SEC-1/30079/2023-24. 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.