JPA Solutions Private Limited
SAT-appeal
- Failure to make open offer after promoter holding rose from 51.29% to 55.18% on warrant conversion on June 19, 2010, crossing 55% threshold, violating Regulations 11(1) and 11(2) SAST 1997.
- SAT matter SATV-55CA197BEE6BA4DB9F78E8F8Appeal No. 52 of 2019 dismissed for want of prosecution due to non-appearance of appellantsAppeal: Appeal No. 52 of 2019 dismissed for want of prosecution on 09.02.2021
- Promoter holding rose 51.29% to 55.18% on conversion of 10 lakh warrants on 19 June 2010, crossing 55% without public announcement/open offer under Reg 11(1) and 11(2).
Source: SecMarx — JPA Solutions Private 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.