SEBI restricts 26 entities from operating in market for 5 years
Securities and Exchange Board of India (SEBI) restrained 26 entities, including Shonkh Technologies and Padmini Technologies, from the equity market for a period of five years, for manipulations in the share of Padmini Technologies, reports agency sources.
SEBI said that the entities are restrained from accessing the securities market for a period of five years and are prohibited from buying, selling or dealing in securities either directly or indirectly for a period of five years. Padmini Technologies, Shonkh Technologies, Iris Infrastructurals, Churuwala Exports were among the 26 entities barred by the SEBI order.
The SEBI order found the entities including Padmini Technologies to have been involved in the manipulation of the shares of Padmini Technologies.
The other entities involved in the matter were Ankur Cultivators, Advance Hovercrafts and Composites, Mikona Impex, R C Gupta and Co., Sadashiv Securities, Sanyo Finance, Saral Website and Exim, Zodiac.Com, Spectrum.Com, Noted Infotech, DKG Buidcon, Moneygrowth Finance, Shamit Finvest, Mukesh Gupta, Baldev Raj, FNS Consultants, Rajkar Electricals and Electronics, Harpal Associates, Simmy Gupta and Atromax International.
