sebi:WTM/GA/24/ISD/10/05
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Facts / Headnote
Ad interim ex-parte directions issued restraining promoters, directors, connected clients and certain brokers from dealing in securities of Mega Corporation Ltd.; depositories directed not to give effect to transfers; company directed not to issue shares or alter capital structure; objections and personal hearing opportunity given within 15 days.
Provisions invoked
- s. 11B
- s. 19
Holding
SEBI issued an ad interim ex-parte order restraining the promoters, directors, interconnected clients and three stock brokers of Mega Corporation Ltd. from buying, selling or dealing in its securities, and directing depositories not to effect transfers, pending investigation.
Full text
2 2. Preliminary Findings The Company – business, board of directors, shareholding pattern 2.1 The company was incorporated on March 26, 1985 as a Public Limited Company with its registered address at: N-18 (Mkt.), Greater Kailash-I, New Delhi-110048 in the name of Assam Impex Ltd. The company made a public issue of 1.50 lakh equity shares of Rs.10 each for cash at par on September 8,
3 Table 1: Board of Directors of the Company Kunal Lalani Chairman & Managing Director Hemanshu Mehta Vice Chairman Surendra Chhalani Executive Director H M Lalani Director N K Nayak Director K S Venkataraman Director S L Golchha Director Sachin Mehra Director
4 Financial performance of the Company 2.7 The annual results filed by the Company for the last four years are given below:
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Source: SecMarx — sebi:WTM/GA/24/ISD/10/05. 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.