Synthetic Marble and Resin Ltd.
Penalties and directions recorded
- Recommendation to SEBI to create grievance redressal mechanism for wrongly shown promoters
SAT-appeal
- SAT matter SATV-0CFABC5C5390ED7D3A879370NSE directed to produce records relating to the issue by 7 June 2023 · Appellant's counsel directed to obtain instructions and intimate the shares lying in demat accounts and their valueAppeal: Appeal No. 471 of 2023 was listed before SAT on 6 June 2023; the order records interim directions and does not dispose of the appeal.
- Demat account frozen as appellant shown as promoter in two delisted companies; appellant disputes promoter status.Reply on delay application and merits to be filed within a week from 07.06.2023 · Matter put up on June 20, 2023Appeal: Appeal No. 471 of 2023 pending; delay objection raised; replies on delay and merits directed; next date June 20, 2023
- Appellant shown as promoter of compulsorily delisted SSTL and ESAL, triggering 10-year securities market access bar and freezing of appellant's demat account.Delay in filing appeal condoned; Misc. Application No.463 of 2023 allowed · Appellant to file application/representation under Regulation 43 of Delisting Regulations, 2021 with evidence for defreezingAppeal: Appeal No.471 of 2023 with Misc. Application Nos.463 and 464 of 2023 disposed on 4.9.2023 after hearing on 20.6.2023
Source: SecMarx — Synthetic Marble and Resin 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.