Dalmia Industrial Development Limited

4 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Reduced WTM penalty to 50% of amount imposed; appeals partly allowed
Reduced WTM penalties to 50% of amounts imposed
Reduced penalty to 50% of amount imposed by WTM
Reduced penalties to 50% of amounts imposed by WTM

SAT-appeal

Misrepresentation of financials/books, misuse of funds, non-cooperation with forensic auditor and LODR violations; shell-company and PFUTP fraud charges not proved.
Affirmed LODR violations and non-cooperation with forensic auditor · Reduced debarment to period already undergone by appellants
Appeal: Appeal Nos. 471, 472, 473 and 474 of 2022 partly allowed by SAT order dated 1.9.2022
Misrepresentation of financials/books and misuse of funds, non-cooperation with forensic auditor and LODR violations; shell-company and PFUTP fraud charge not proved.
Affirmed LODR violations and non-cooperation with forensic auditor · Reduced 1-year market access debarment to period already undergone
Appeal: Appeal Nos. 471,472,473,474 of 2022 partly allowed by SAT order dated 1.9.2022 (hearing 10.8.2022)
Misrepresentation of financials and books, misuse of funds, non-cooperation with forensic auditor and LODR violations; PFUTP fraud charge not proved.
Affirmed LODR and non-cooperation violations · Reduced debarment to period already undergone by appellants
Appeal: Appeal Nos. 471, 472, 473, 474 of 2022 partly allowed on 1.9.2022 (hearing 10.8.2022)
Alleged shell company with misrepresented financials, misuse of funds/books, LODR violations and non-cooperation with forensic auditor; fraud/PFUTP not established.
Affirmed LODR violations and non-cooperation with forensic auditor · Reduced 1-year market debarment to period already undergone
Appeal: Appeal Nos. 471-474 of 2022 with Misc. Applications 513, 767, 769, 771 of 2022 partly allowed on 1.9.2022 (hearing 10.8.2022)

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Source: SecMarx — Dalmia Industrial Development Limited. 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.