To
All Trading Members of the Exchange
Sub: Order under Sections 11, 11(4), 11(5) and 11B of the Securities and Exchange Board of India Act, 1992, in the matter of Sarang Chemicals Limited
SEBI, vide its Order no. WTM/MB/SEBI/EFD-DRA3/ 71/2018 dated December 31, 2018 has inter-alia, issued the following directions:
- The Noticees shall disgorge the unlawful gains as mentioned in the aforesaid order within 45 days from the date of this Order.
- Further as stated in the aforesaid order, if the following Noticees fail to pay the wrongful gains along with interest as directed within the stipulated time, they shall be restrained from accessing the securities market and shall also be prohibited from buying, selling or otherwise dealing in the securities market, until the discharge the liability of disgorgement to the satisfaction of SEBI with future interest at the rate of 12% per annum, without prejudice to any other action including action for recovery of such amounts from the Noticees that may be initiated by SEBI under section 28A of the SEBI Act.
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S. No.
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Name of the Entity
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PAN
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1
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Amrut Securities Limited (now known as Amrut Dredging and Shipping Limited)
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AABCA8006G
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2
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Ashwinbhai Prabhudas Ruparel
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ADYPR3689M
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3
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Baldevsinh Vijaysinh Zala
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AABPZ9137C
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4
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Manish Kanakshi Ashar
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AEGPA1359E
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5
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Sonal Kanaksingh Ashar
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ACZPA1429Q
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6
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Bhavik Amrutlal Vaza
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AGJPV8045R
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7
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Haresh Lalitbhai Tejani
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ACKPT7735R
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8
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Paresh Chamanlal Doshi
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AFXPD2041L
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9
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Pradeep Syamsunder Swain
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CHMPS7035J
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10
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Shailesh Mulraj Ved
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ABQPV7436E
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11
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Bhavana Manish Asher
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AFSPA5020P
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12
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Hemanshu P. Mehta
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AHIPM9056D
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13
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Jagdish Gordhandas Ved
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ABEPV3294J
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The above directions shall come into force with effect from December 31, 2018.
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.
Shaila Valsan Avijit Sarkar
Manager Assistant Manager
Surveillance Surveillance
Date : January 01, 2019
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