Ram Piari

SAT-appeal

• SAT matter SATV-066CC39D8CF3967AF388D17E
  Praecipe filed on behalf of SEBI disposed of · Record corrected to state that Appeal No. 480 of 2015, not Appeal No. 484 of 2015, was disposed of
  Appeal: Appeal No. 480 of 2015 was disposed of; the order dated 14 October 2016 was corrected on 21 June 2017 to rectify the appeal number.
• Promoter group holding 66.15% acquired further 4.79% (3,45,000 shares) during July-Aug 2010 without public announcement, violating Reg 11(2) r/w 14(1) SAST 1997.
  Rs. 2,00,00,000 penalty under Sec 15H(ii) jointly and severally per impugned order dated 25.02.2015
  Appeal: Appeal Nos. 484 and 485 of 2015 heard on 05.10.2017, decided on 20.11.2017
• Promoters holding 55-75% acquired 4.79% (3,45,000 shares) in Jul-Aug 2010 without public announcement after prior 5.38% creeping acquisition in Mar 2010, violating Reg 11(2) r/w 14(1).
  Impugned SEBI order dated 25.02.2015 imposed Rs 2,00,00,000 penalty jointly and severally for Reg 11(2) r/w 14(1) violation
  Appeal: Appeal Nos. 484 of 2015 and 485 of 2015 heard on 05.10.2017, decided on 20.11.2017