HRB Floriculture Limited

SAT-appeal

• Failure to make annual disclosures FY Mar 1998-Mar 2011 under Reg 8(3) and quarterly disclosures Jun 2006-Sep 2011 under Clause 35, both filed belatedly on 30 Jan 2012.
  Appeal No. 3 of 2018 dismissed with no order as to costs · Penalty of Rs 13 Lakh u/s 15A(b) and Rs 7 Lakh u/s 23H upheld as reasonable
  Appeal: Appeal No. 3 of 2018 decided 22.02.2018 - dismissed, penalties confirmed
• Alleged failure by HRB Floriculture Limited to comply with the minimum public shareholding requirement because promoters and persons related to promoters allegedly held 90.06% of total shareholding.
  Appellant permitted to make a representation to SEBI regarding the family settlement and change in promoter status. · SEBI directed to consider the representation and pass an appropriate order.
  Appeal: Appeal No. 154 of 2017 disposed of on 3 November 2017 with no order as to costs.