sebi:WTM/SM/IVD/ID3/24253/2022-23
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Facts / Headnote
Violations established; restraint and disgorgement directed
Provisions invoked
- s. 11B
- s. 19
- s. 12A
- s. 12
- s. 15I
- s. 15J
- s. 11(5)
- s. 15I(3)
Regulations
- Reg. 4
- Reg. 3
- Reg. 3(a)
Parties
- Shreenath Finstock Private Limited
- Bhavin Sureshbhai Thakkar
- Gedalia Multitrading Private Limited
- Bishal Narain Mittal HUF
- Anchal Kishor Ostwal
- Yogita Manoj Mittal
Holding
Noticee nos. 1 to 6 were held to have violated Section 12A(a),(b),(c) of SEBI Act and Regulations 3(a)-(d), 4(1) and 4(2)(b) of PFUTP Regulations and were restrained from securities market for 1 year, while Noticee nos. 4, 5 and 6 were directed to disgorge INR 5,15,240.91, INR 4,14,708.60 and INR 4,41,175.84 respectively with 9% interest from July 27, 2017 to IPEF within 45 days.
Full text
Order in the matter of Nutraplus India Limited Page 2 of 46 i. The Company was initially incorporated as a private limited company and it got converted into a public limited company w.e.f June 13, 1992. The equity shares of the Company are listed on BSE Limited (hereinafter referred to as "BSE").
Order in the matter of Nutraplus India Limited Page 3 of 46 Period Dates Opening Price (volume) on first day of the period(INR) Closing price (volume) on last day of the period (INR) Low price(volume) during the period (INR) High Price(volume) during the period (INR) Avg. no. of (shares) traded daily during the period 01/01/2015- 03/02/2016 (01.01.2015) (03.02.2016) Vol 10562 72585 618 (15.01.2015) 645468 (28.12.2015) Patch 2 04/02/2016- 23/02/2017 Price 488.00 61.65 47.30 (22.11.2016) 488.00 (04.02.2016) 36960 Vol 14857 37494 1 (Multiple dates) 1358095 (12.08.2016) Patch 3 27/02/2017- 29/03/2017 Price 35.00 24.10 19.60 (29.03.2017) 35.00 (27.02.2017) 101240 Vol 140508 359210 23488 (02.03.2017) 359210 (29.03.2017) Patch 4 30/03/2017- 27/07/2017 Price 25.05 36.65 21.00 (31.05.2017) 40.95 (18.07.2017) 167540 Vol 283380 129531 13449 (30.05.2017) 741056 (12.07.2017) After Investigation period 28/07/2017- 27/10/2017 Price 36.50 28.40
Order in the matter of Nutraplus India Limited Page 4 of 46 Limited (Noticee no.1) Bhavin Sureshbhai Thakkar (Noticee no. 2) AFCPT8628 L 2901.3 5 520005 9594 3855 119174 3841 -953.65 156207 2096 244624 3657 16.01 Total - market
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Source: SecMarx — sebi:WTM/SM/IVD/ID3/24253/2022-23. 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.