Aashrit Capital Ltd (formerly Jalan Cement Works Ltd)

2 matters before the Securities Appellate Tribunal

SAT-appeal

Diversion of Birla Pacific Medspa Ltd IPO proceeds to fund purchase of its own shares on listing day, creating misleading appearance and supporting price rise, defrauding IPO investors.
Appeal: Appeal Nos. 328-333, 359 and 381 of 2021 against AO orders; reserved on 01.12.2022, date of decision 20.12.2023
BPML allegedly diverted IPO proceeds to entities to facilitate purchase of its own shares on listing day, creating misleading appearance and supporting price rise, defrauding IPO investors.
Appeal: Appeal Nos. 328-333, 359 and 381 of 2021; Order Reserved 01.12.2022, Date of Decision 20.12.2023; operative SAT findings not in extracted text

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Source: SecMarx — Aashrit Capital Ltd (formerly Jalan Cement Works Ltd). AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (charges, outcomes, appeal chain) is cited to us.