sebi:WTM/KMA/ISD/179/12/2009
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Ad interim ex-parte direction restraining the named entities from buying, selling or dealing in securities in any manner till further directions, pending investigation.
Provisions invoked
- s. 11B
- s. 19
Regulations
- Reg. 4
- Reg. 3
Parties
- Bhupendra Singh Rathore (ALPPR1365R)
- Leela Surana R (AAJPS3594E)
- Mahasagar Securities (AAPFM5751R)
- Rajesh Kumar Vyas (AAPFM5751R)
- Rajesh Kumar Vyas (AASPV7287J)
- Surana Capital Market (AAJPS3597H)
Holding
SEBI prima facie found circular, synchronized and fictitious trading in Kwality Dairy India Limited in violation of PFUTP Regulations and, pending investigation, restrained Bhupendra Singh Rathore, Leela Surana R, Mahasagar Securities, Rajesh Kumar Vyas and sub-broker Surana Capital Market from dealing in securities as directed.
Full text
Page 2 of 15 promoters have 67.17% of their shareholding in dematerialized form. There are no disclosures regarding pledge of the shares reported by the promoters.
Page 3 of 15 Date Announcement SKU's. Such acquisition will have great impact on the financial position of the Company and will also enhance the profitability of the Company as the Company will cover wider area of state of Uttranchal for the marketing of its various products. For this purpose, Company is expanding the Dealer Network and getting into tie ups with various institutions. (Source: BSE website)
Page 4 of 15 Table 4 : Price-Volume Period Price Range (Low- High) Average Daily Volume Pre Examination July 01, 2008 till December 31, 2008 14.6 - 52.9 18652 First Patch January 01, 2009 till June 06, 2009 51.6 – 171.85 38686 Second patch June 29, 2009 till September 23, 2009 139.15 – 615.25 21373 Post Examination September 23, 2009 till November 11, 2009 595.65- 1114.45 72735
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Source: SecMarx — sebi:WTM/KMA/ISD/179/12/2009. 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.