Rajesh Ranka

11 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Appeals were being heard against the WTM order debarring appellants from accessing the securities market for 10 years from completion of disgorgement.
Appellants were restrained from dealing in the securities market for 10 years.
Appellants were held jointly and severally liable with other noticees to disgorge Rs. 6,78,85,716 plus 12% simple interest from 5 November 2013 until payment.
SEBI could pursue recovery according to the hierarchy specified in the WTM order.
Upheld AO penalty of Rs 10,00,000 under Section 15HB for non-compliance with 28 July 2010 directions

SAT-appeal

SAT matter SATV-0F40C23FDD83F6E48A07B90F
Matter directed to be listed on 27 March 2026
Appeal: Appeal No. 47 of 2026 listed before SAT; on 23 March 2026, the matter was directed to be called on 27 March 2026
Alleged fraudulent scheme involving preferential allotment of shares without consideration, coordinated offloading after the lock-in period, and defrauding genuine shareholders in violation of Section 12A read with PFUTP Regulations 3 and 4.
Appeals were being heard against the WTM order debarring appellants from accessing the securities market for 10 years from completion of disgorgement. · Appellants were restrained from dealing in the securities market for 10 years.
Appeal: Five connected appeals: Appeal Nos. 393 of 2018, 394 of 2018, 408 of 2018, 71 of 2019 and 256 of 2019; hearing on 9 October 2019 and decision dated 18 October 2019. Disposition is not contained in the provided text.
SAT matter SATV-814315731B984E34613C6CF9
Matter adjourned by consent, to be called on March 5, 2026
Appeal: Appeal No. 47 of 2026 with Misc. Application No. 164 of 2026 pending; adjourned by consent to March 5, 2026 vide order dated 27.02.2026
Failure to comply with SEBI 28 July 2010 debarment by indirectly acting as key operator in SMSTL preferential allotment during restraint period.
SAT dismissed Appeal No. 227 of 2019 with no order as to costs · Upheld AO penalty of Rs 10,00,000 under Section 15HB for non-compliance with 28 July 2010 directions
Appeal: Appeal No. 227 of 2019 decided on 13.02.2020 - dismissed with no order as to costs
Prior matter re M/s SMS Softech India Limited leading to debarment and disgorgement; present plea to permit dematerialisation of physical shares and sale of securities
Appeal No.47 of 2026 dismissed as not maintainable for absence of impugned order · Misc. Application No.164 of 2026 allowed and disposed of
Appeal: Appeal No.47 of 2026 dismissed on 27 March 2026 as not maintainable
37 entities acting as group portrayed fraudulent preferential allotment as genuine and offloaded shares post lock-in to defraud genuine shareholders for illegal profits.
Debarred from accessing securities market for 10 years from completion of disgorgement · Restrained from dealing in securities in any manner for 10 years
Appeal: Appeals No.393/2018,394/2018,408/2018,71/2019,256/2019 heard on 09.10.2019, decided on 18.10.2019 against common WTM order
SAT matter SATV-E9DDA9F06F138350BCB7BB9B
List for admission on March 13, 2026
Appeal: Appeal No. 47 of 2026 and Misc. Application No. 164 of 2026 pending, listed for admission on March 13, 2026
SAT matter SATV-FE280B2C5585E9952314F006
Adjournment granted at appellant's request, matter listed on March 23, 2026
Appeal: Appeal No. 47 of 2026 and Misc. Application No. 164 of 2026 pending, adjourned to March 23, 2026
Failure to deposit Rs.6,00,11,512 in escrow as directed by 5 Nov 2013 interim and 2015 confirmatory orders; underlying concerted fraud in SMS Techsoft preferential allotment and offloading for illegal gains.
Appeal No.441 of 2019 dismissed; Rs.50,00,000 penalty under Section 15HB for non-compliance upheld
Appeal: Appeal No.441 of 2019 dismissed on 25.11.2019; prior Appeal No.408 of 2018 dismissed on 18.10.2019
37 entities acting together as group portrayed fraudulent transactions as genuine preferential allotment and offloaded shares post lock-in to earn illegal profits.
Debarred from accessing securities market directly or indirectly for 10 years from completion of disgorgement · Restrained from dealing in securities market in any manner for 10 years
Appeal: Appeal Nos. 393/2018, 394/2018, 408/2018, 71/2019, 256/2019 against common WTM order; heard 09.10.2019, decided 18.10.2019
37 entities acting as group portrayed fraudulent preferential allotment as genuine and offloaded shares post lock-in to earn illegal profits in SMS Techsoft scrip.
Debarred from accessing securities market directly/indirectly for 10 years from completion of disgorgement · Restrained from dealing in securities market in any manner for 10 years
Appeal: Appeal Nos. 393/2018, 394/2018, 408/2018, 71/2019, 256/2019 heard 09.10.2019, decision 18.10.2019 against common WTM order; final SAT disposal not in excerpt

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Source: SecMarx — Rajesh Ranka. 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.