Elara India Opportunities Fund Limited
Penalties and directions recorded
- Matters in Appeal Nos. 171 and 172 of 2025 were heard in part.
- Matters were heard in part
- If approved, SEBI to provide appropriate relaxations for warrant conversion and disposal of resulting equity shares
- Other unsold securities as on 07.03.2025 to be dealt per Circulars dated 24.08.2023 and 05.06.2024
SAT-appeal
- SAT matter SATV-0148DA7A93ABD51E945427EFMatters in Appeal Nos. 171 and 172 of 2025 were heard in part. · Call on 23 June 2025 at 10:30 A.M.Appeal: Appeal Nos. 171 and 172 of 2025 were pending and heard in part on 20 June 2025; next listed on 23 June 2025.
- SAT matter SATV-01E6F269C86E33765D5C9EA4Matters were heard in part · Appeals listed for continuation of hearing on 18 June 2025 at 2:30 P.M.Appeal: Appeal Nos. 171 and 172 of 2025, along with Misc. Application Nos. 459, 528, 460 and 529 of 2025; heard in part on 17 June 2025 and listed on 18 June 2025
- SAT matter SATV-12EE28BA843B458E35C10303Appeals disposed of by recording SEBI's submission that it will decide the applications by 31 March 2025 · If approved, SEBI to provide appropriate relaxations for warrant conversion and disposal of resulting equity sharesAppeal: Appeal Nos. 114 and 115 of 2025 disposed of by SAT on 5 March 2025
- SAT matter SATV-21B6732DE79D5EDECE71ABE0SEBI to complete instructions and make further submissions on the next date of hearing · Matter listed for hearing on 03 March 2025Appeal: Appeal Nos. 114 and 115 of 2025; order dated 25 February 2025; adjourned and listed on 03 March 2025
- Applications under Regulation 43B dated 05.02.2025 seeking relaxations to convert warrants and dispose resulting equity sharesAppeals disposed of by placing SEBI submission on record · SEBI to decide applications dated 04.02.2025 by 31.03.2025 with relaxations if favourableAppeal: Appeal Nos. 114 and 115 of 2025 filed under Section 15T disposed of on 05 March 2025 by consent
- SAT matter SATV-482F85726A4C2D9B5F8655B2Status quo order dated October 15, 2025 extended by two weeks as last chance · Misc. Application Nos. 1265 and 1266 of 2025 stand disposed ofAppeal: Misc. Application Nos. 1265 and 1266 of 2025 in Appeal Nos. 171 and 172 of 2025 disposed of on 20.11.2025; appeals pending
- SAT matter SATV-51DB5BAC5BA5036DA122BE6CHeard, order reserved · Both sides permitted to file written submissions by Monday i.e. 30.06.2025Appeal: Appeal No. 171 of 2025 and Appeal No. 172 of 2025 heard on 26.06.2025; order reserved
- SAT matter SATV-74637AB9648A7621ADBF5C8FAppeal admitted · Status quo order granted on 09.04.2025 shall continueAppeal: Appeal No. 171 of 2025 along with Misc. Application No. 459 of 2025 admitted on 16.04.2025, pending; status quo continued, next listing 28.04.2025
- SAT matter SATV-83315B2F809CA0AB53FED583All parties to maintain status quo till next hearing on 25% amount paid towards convertible warrant subscription · Matter adjourned by consent to June 13, 2025 for expedited hearingAppeal: Appeal No.171 of 2025 with Misc. Application No.459 of 2025 pending; vide order dated 28.04.2025 adjourned to 13.06.2025 with status quo
- SAT matter SATV-C56D961554DD2B5BCCB77D6DNot on Board matter to be called on 09.04.2025 for urgent listingAppeal: Appeal Lodg. No. 200 of 2025 along with Misc. Application No. 459 of 2025 mentioned on 08.04.2025 for urgent listing, to be called on 09.04.2025
- SAT matter SATV-CD7C9C557F9A1A78A430CA27Matter called on April 16, 2025 · Status-quo to be maintained in respect of warrants till April 16, 2025Appeal: Appeal No. 171 of 2025 with Misc. Application No. 459 of 2025 dated 09.04.2025 - pending, next listed April 16, 2025 with status-quo on warrants
- SAT matter SATV-EE9A11552E87C23C8E946E0FHeard in part and posted for further hearing on June 23, 2025 at 10:30 A.M.Appeal: Appeal Nos. 171 and 172 of 2025 pending before SAT; heard in part on 20.06.2025, next hearing on 23.06.2025
- SAT matter SATV-F9F1CD8C73592C177691CFB6SEBI to consider appellants' relaxation applications and report to Tribunal on next date · SEBI to complete instructions and make further submissions on next dateAppeal: Appeal No. 114 of 2025 and Appeal No. 115 of 2025 pending before SAT; adjourned vide order dated 25.02.2025 to March 03, 2025
- SAT matter SATV-5C66B045F74358F6D69BBCEEAppeals were heard in part. · Matter was directed to be listed on 18 June 2025 at 2:30 P.M.Appeal: Appeal Nos. 171 and 172 of 2025, along with Misc. Application Nos. 459, 528, 460 and 529 of 2025; heard in part on 17 June 2025 and listed for 18 June 2025.
- Failure to make additional granular full look-through disclosure of natural person ownership/control, rendering FPI registration invalid and requiring liquidation and exit.Appeal: Appeal Nos.171 and 172 of 2025 with Misc.Appl.459,528,460,529 against SEBI order 28 March 2025, reserved 26 June 2025, pronounced 15 October 2025; prior Appeals 114-115 of 2025 disposed 5 March 2025
Source: SecMarx — Elara India Opportunities Fund 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.