Handful Investrade Private Limited

SAT-appeal

• The appellants allegedly acted in concert with six other entities to acquire 32.02% of Axon Infotech Ltd. without making the public announcement required under Regulation 10.
  Appeal dismissed · SEBI adjudication order imposing ₹12,57,500 on each appellant upheld
  Appeal: Appeal No. 113 of 2013, decided on 15 January 2014; appeal dismissed and impugned penalty upheld.
• Alleged failure to make acquisition disclosures to BSE after Handful acquired 14.50 lakh shares (14.22%) via preferential allotment crossing 5% threshold.
  Appeal No.275 of 2018 allowed without order as to costs · Impugned Adjudicating Officer order dated 27th April 2018 quashed and set aside
  Appeal: Appeal No.275 of 2018 allowed and disposed on 26.7.2019, AO penalty order quashed