Quick Developers Private Limited
Penalties and directions recorded
- Restrained from buying/selling/dealing in PC Jeweller Ltd securities for two years
- Disgorgement from appellants in Appeal No.376 of 2021 to Investor Protection and Education Fund
- Restrained from buying/selling/dealing in PC Jeweller securities for 2 years
- Disgorgement from appellants in Appeal 376 of 2021 to IPEF
SAT-appeal
- Insider trading in PC Jeweller Ltd while in possession of UPSI-I (Rs.350 buy-back proposal) and UPSI-II (SBI NOC refusal/withdrawal) by withholding sales then selling at inflated prices.Restrained from accessing securities market for one year · Restrained from buying/selling/dealing in PC Jeweller Ltd securities for two years
- Insider trading in PC Jeweller by withholding sales during buyback proposal (UPSI-I) and selling at inflated price before withdrawal disclosure after SBI NOC refusal (UPSI-II).Restrained from accessing securities market for 1 year per WTM order · Restrained from buying/selling/dealing in PC Jeweller securities for 2 yearsAppeal: Appeal Nos. 375 and 376 of 2021 reserved 09.09.2021, decided 21.10.2021 against WTM order 11.05.2021
Source: SecMarx — Quick Developers 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.