To
All Trading Members of the Exchange
Sub: Order under Sections 11(1), 11(2)(J), 11(4) and 11B of the Securities and Exchange Board of India Act, 1992 read with Section 12A of the Securities Contracts (Regulation) Act, 1956 in the matter of non-compliance with the requirement of minimum public shareholding by listed companies in respect of Kesar Petro Products Limited
Attention of the trading members is invited to Exchange Notice No.20130605-2 dated June 5, 2013, wherein SEBI vide its ad-interim order dated June 4, 2013 had issued certain directions in respect of 105 listed public companies, who had failed to comply with the Minimum Public Shareholding (“MPS”) requirements stipulated under rules 19(2)(b) and 19A of the Securities Contracts (Regulation) Rules, 1957 within the due date i.e. June 3, 2013.
SEBI, now vide its order no. WTM/PS/134/CFD/JAN/2016 dated January 11, 2016 has inter-alia, confirmed the directions issued vide the interim order dated June 04, 2013 against the company, Kesar Petro Products Limited, its directors, promoters and promoter group.
This Order is effective from January 11, 2016.
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 Lipika Mahunta
Sr. Manager Assistant Manager
Surveillance & Supervision Surveillance & Supervision
Date : January 12, 2016
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