Siddhipriya Poly Fab Pvt. Ltd.
Penalties and directions recorded
- Appeal partly allowed; WTM to recalculate disgorgement using acquisition Rs.5.34 and sale Rs.18.98 per share
- Rs.2 crore interim deposit dated 25 October 2019 to be adjusted against recalculated liability
- Partly allowed Appeal No.431 of 2019; WTM to recalculate disgorgement using acquisition price Rs.5.34 and sale price Rs.18.98
- Rs.2 crore deposited under interim order to be adjusted; balance to be deposited within four weeks thereafter
SAT-appeal
- Price manipulation in Sumeet Industries Ltd. via misleading corporate announcements and manipulative trades to inflate price and enable promoters to offload holdings profitably.Appeal partly allowed; WTM to recalculate disgorgement using acquisition Rs.5.34 and sale Rs.18.98 per share · WTM to complete recalculation within four weeks from 21 December 2021 with interest
- SAT matter SATV-8206D25A0067E166D01ACF4CMisc. Application No.17 of 2022 dismissed as infructuousAppeal: Misc. Application No.17 of 2022 in Appeal No.431 of 2019 disposed on 17.01.2022 as dismissed infructuous
- Price manipulation in Sumeet Industries Ltd via misleading corporate announcements and matched trades with Puroshottam Madanlal Khandelwal to let promoters offload holdings at inflated prices.Partly allowed Appeal No.431 of 2019; WTM to recalculate disgorgement using acquisition price Rs.5.34 and sale price Rs.18.98 · WTM calculation with interest to be made within four weeks from 21.12.2021Appeal: Appeal No.431 of 2019 partly allowed by SAT decision dated 21.12.2021; Misc. Application No.526 of 2019 disposed; earlier Appeals No.225 and 227 of 2014 partly allowed 30.06.2016 with remand
Source: SecMarx — Siddhipriya Poly Fab Pvt. 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.