Pawankumar Agarwal, Rosydevi Agarwal, Roselabs Ltd (formerly Singhal Overseas Ltd)

2 matters before the Securities Appellate Tribunal

Penalties and directions recorded

AO orders imposed monetary penalties for PFUTP, SAST, PIT violations

SAT-appeal

Misleading announcements on Nov 1 2003, Dec 22 2003, Jan 16 2004 on Poonam Industries acquisition and preferential/right issue which never materialized to lure investors and inflate price/volume while promoters/PAC off-market transferred >15% shares without SAST/PIT disclosures.
AO orders imposed monetary penalties for PFUTP, SAST, PIT violations · SAT hearing appeals together for common order dated 16.11.2022
Appeal: SAT Appeal Nos.203/2019,255/2019,350/2019,462/2019,101/2020,447/2021 with Misc Appl 609/2021, hearing 05.07.2022, decision 16.11.2022 by common order
Misleading corporate announcements on Nov 1 2003, Dec 22 2003, Jan 16 2004 on acquisition of Poonam Industries business and preferential/right issue which never materialized to inflate price/volume, with promoters/PACs making undisclosed off-market transfers over 15% in violation of PFUTP, SAST and PIT disclosure/takeover norms.
Appeal: Appeal Nos.203/2019,255/2019,350/2019,462/2019,101/2020 and 447/2021 heard 05.07.2022, decided 16.11.2022 by common SAT order

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Source: SecMarx — Pawankumar Agarwal, Rosydevi Agarwal, Roselabs Ltd (formerly Singhal Overseas Ltd). 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.