K. Nirupama

2 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Impugned adjudication orders upheld, subject to penalty reduction to 50% for each appellant.
K. Nirmala to pay Rs. 1,62,500.
K. Nirupama to pay Rs. 1,50,000.
Original penalties revive automatically if the reduced amounts are not paid within 60 days.
AO findings upheld; no legal infirmity in impugned orders

SAT-appeal

Non-disclosure of creation, invocation and revocation of pledges over a large number of shares, violating takeover and insider-trading disclosure requirements. Pledge-related information was treated as price-sensitive and required dissemination.
Impugned adjudication orders upheld, subject to penalty reduction to 50% for each appellant. · K. Nirmala to pay Rs. 1,62,500.
Appeal: Appeal Nos. 38 and 39 of 2013 disposed of on 18 April 2013; impugned orders upheld with penalties reduced by 50%.
Non-disclosure of creation and invocation of pledge of large number of shares by promoters of Shriniwas Power & Infrastructure Ltd
AO findings upheld; no legal infirmity in impugned orders · Penalty reduced to 50% in each case considering apologetic approach
Appeal: Appeal Nos. 38 and 39 of 2013 heard together and disposed of on 18.04.2013 with penalty halved

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Source: SecMarx — K. Nirupama. 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.