Kesar Petroproducts Limited

4 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Fines of Rs. 5,42,800 and Rs. 5,31,100 for Regulation 17(1) violations set aside.
Other fines affirmed; balance amount to be paid, after which the demat account shall be defreezed.

SAT-appeal

Delayed/non-compliance with LODR requirements concerning minimum board composition, related-party transaction disclosures and Regulation 31 filings.
Appeal partly allowed. · Fines of Rs. 5,42,800 and Rs. 5,31,100 for Regulation 17(1) violations set aside.
Appeal: Appeal No. 432 of 2022 decided partly in favour of Kesar Petroproducts Limited on 10 August 2022.
Non-payment of BSE-imposed fine for listing default leading to suspension of trading; appellant sought waiver/reduction of fine.
Review Application No. 75 of 2022 allowed · Respondent BSE directed to revoke suspension of trading of appellant
Appeal: Review Application No. 75 of 2022 and Misc. Application No. 1425 of 2022 in Appeal No. 432 of 2022 disposed of on 15.12.2022
Appellant alleged 5 lakh shares of Kesar Petroproducts allotted for Rs 50 lakh paid but physical share certificates never supplied.
Appeal dismissed · Misc. Application No. 521 of 2021 disposed of
Appeal: Appeal No. 14 of 2021 dismissed on 11.10.2022; Misc. Application No. 521 of 2021 disposed of
SAT matter SATV-DD83F8B3CB2C4CB2F37BEF96
Misc. Application No. 60 of 2023 rejected as misconceived

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Source: SecMarx — Kesar Petroproducts 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.