Vaswani Industries Limited
Penalties and directions recorded
- Give RII investors a withdrawal option for 15,00,348 shares.
- Issue bonus shares to IPO investors in a 1:4 ratio, excluding promoters and promoter-group entities.
SAT-appeal
- The order records agreed remedial terms concerning withdrawal options for RII-category investors, IPO-related disclosures, a bonus issue, and listing/trading conditions. It expressly does not decide the merits of the allegations.Give RII investors a withdrawal option for 15,00,348 shares. · Publish an advertisement, in consultation with SEBI and BSE, detailing the withdrawal option and bonus issue.Appeal: Appeal No. 123 of 2011 disposed of on 25 August 2011; the order states that Appeals No. 123 and 124 of 2011 were disposed of on agreed terms.
- SAT matter SATV-C61E4362558EF84C5E512FBEDisposed in same terms as Appeal No. 123 of 2011 decided on 25.8.2011Appeal: Appeal No. 124 of 2011 with Misc. Application No. 70 of 2011 decided on 25.8.2011 in terms of Appeal No. 123 of 2011
Source: SecMarx — Vaswani Industries Limited. 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.