Apurva M. Shah, Ashni Shah, Bhavna M. Shah, Manish L. Shah, Manish L. Shah HUF
Penalties and directions recorded
- Pay consideration plus 10% p.a. interest from 23 March 2010 to payment date to shareholders holding shares on violation date
- Pay consideration with interest @10% p.a. from 23 March 2010 to date of payment to shareholders holding shares on violation date whose shares accepted after dividend adjustment
SAT-appeal
- Promoter group subscribed preferential warrants with common objective and converted to equity, raising collective holding from 12.77% to 25.20% beyond 15% threshold without Chapter III public announcement under Reg 10 SAST 1997.Jointly and severally make public announcement to acquire shares per SAST Regulations, 1997 · Pay consideration plus 10% p.a. interest from 23 March 2010 to payment date to shareholders holding shares on violation dateAppeal: Appeal Nos. 92, 93, 94, 95, 96 of 2016 against common WTM order dated 9 March 2016; heard 09.01.2019, decided 04.06.2019
- Promoter group of Koffee Break Pictures Ltd. collectively increased holding from 12.77% to 25.20% via warrant conversion beyond 15% threshold without public announcement under Regulation 10 and Chapter III of Takeover Regulations, 1997.Appellants jointly and severally to make public announcement to acquire shares per Takeover Regulations, 1997 · Pay consideration with interest @10% p.a. from 23 March 2010 to date of payment to shareholders holding shares on violation date whose shares accepted after dividend adjustment
Source: SecMarx — Apurva M. Shah, Ashni Shah, Bhavna M. Shah, Manish L. Shah, Manish L. Shah HUF. 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.