Vakrangee Holdings Pvt. Ltd.

4 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Appeal allowed in view of the excess acquisition being promptly reversed within 18 days and duly disclosed.
Parties to take instructions from Registrar 48 hrs before fixed date on mode of hearing
Parties to ascertain from Registrar 48 hrs before fixed date whether hearing via video conference or physical

SAT-appeal

Acquisition of shares exceeding the permitted annual limit by 1% in Vakrangee Ltd. without making a public announcement/open offer under the Takeover Regulations.
SAT set aside the WTM direction requiring Vakrangee Holdings to make a public announcement/open offer. · Appeal allowed in view of the excess acquisition being promptly reversed within 18 days and duly disclosed.
Appeal: Appeal No. 353 of 2018, Vakrangee Holdings Pvt. Ltd. v. SEBI, decided on 8 June 2021; appeal allowed.
SAT matter SATV-875B28437F3ECDA4C658584C
Two weeks time allowed to appellant to file rejoinder failing which matter to be taken up for admission and final disposal · Matter listed on March 15, 2021
Appeal: Appeal No. 353 of 2018 pending before SAT; adjourned to March 15, 2021 for admission and final disposal
SAT matter SATV-DC1339AD0432A127B0075031
List matter on July 12, 2021 · Parties to ascertain from Registrar 48 hrs before fixed date whether hearing via video conference or physical
Appeal: Misc. Application No. 779 of 2021 in Appeal No. 353 of 2018 pending; next date 12 July 2021
SAT matter SATV-F793DBCDF3F42D8D56AE98EC
Misc. Application No.779 of 2021 dismissed · Liberty granted to appellant to file appropriate review application if so advised
Appeal: Misc. Application No.779 of 2021 in Appeal No.353 of 2018 dismissed on 12.7.2021

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Source: SecMarx — Vakrangee Holdings 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.