To
All Trading Members of the Exchange
Sub: Order under Section 11(4) and Section 11A and Section 11B Of The SEBI Act read With regulation 11 of The Securities And Exchange Board Of India (Prohibition Of Fraudulent And Unfair Trade Practices Relating To Securities Market) Regulations, 2003 read with Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 in the matter of Kavit Industries Limited.
SEBI, vide its Order no. WTM/GM/EFD/60/2018–19 dated September 28, 2018 has inter-alia restrained the following entities from accessing the securities market and are further prohibited from buying, selling or otherwise dealing in securities in any manner whatsoever, either directly or indirectly for a period of 3 years.
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S. No.
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Entity’s name
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PAN
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1
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Kavit Industries Limited
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AAACJ4907C
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2
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Jayesh Raichand Bhai Thakkar
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AAYPT7057L
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3
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Amit Tarachand Shah
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ACRPS5394L
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4
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Jigar Motta
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ADOPM0296M
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5
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Chirag Thakkar
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ADVPT4431A
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6
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Bhavesh Desai
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AJMPD8376M
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7
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Nikhil Bhut
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BDNPB0836J
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8
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Kalyani Rajeshirke
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BMHPR8522A
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9
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Kiran Soni
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CDLPS9025D
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Further the SCN dated July 13, 2018, issued to Monish Malhotra (PAN ACGPM6028E) is disposed of without any further directions and the restraint imposed on him vide the Interim Order and the Confirmatory Order are vacated with immediate effect.
This Order shall come into force with immediate effect.
A copy of the said Order is attached herewith and also available on the SEBI website www.sebi.gov.in.
Trading members are advised to take note of the same and ensure compliance.
Ena Janvalekar Shaila Valsan
Sr. Manager Manager
Surveillance Surveillance
Date: September 28, 2018
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