Triumph Securities Ltd.
Penalties and directions recorded
- For orders, see Appeal No. 99 of 2004 decided on 4.5.2007
- AO had imposed maximum penalty of Rs. 5 lakhs for Regulation 7 violation; SAT reasoning finds bald concert allegation insufficient
SAT-appeal
- SAT matter SATV-309157B30ABCDA8E140174FEFor orders, see Appeal No. 99 of 2004 decided on 4.5.2007Appeal: Appeal No. 96 of 2004 decided on 4.5.2007 by reference to Appeal No. 99 of 2004
- Alleged acting in concert with five Ketan Parekh entities to acquire >5% shares/voting rights of Adani Exports Ltd. without disclosing aggregate holding under Regulation 7 of Takeover Code.AO had imposed maximum penalty of Rs. 5 lakhs for Regulation 7 violation; SAT reasoning finds bald concert allegation insufficient
Source: SecMarx — Triumph Securities 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.