This is to inform you that we are in receipt of the Notice from SEBI, the division of prosecution, bearing ref no. SEBI/HO/PSD/PSD-PD-1/P/OW/2025/20116/1 dated 25th July, 2025, has received ....
Awaiting price reaction for this filing.
Visesh Infotecnics (also referred to as MPS Infotecnics) has received a notice from SEBI's Division of Prosecution dated July 25, 2025, regarding the company's failure to comply with directions from a SEBI Whole Time Member order dated March 6, 2020. The original order required the company to recover an outstanding amount of USD 8.90 million and bring it back to its Indian bank account, supported by a certificate from a peer-reviewed Chartered Accountant. SEBI has flagged this non-compliance as an offence under Section 24(2) of the SEBI Act, 1992, which carries penalties of up to 10 years imprisonment or a fine of up to Rs. 25 crore. The company has been given 15 days to comply with the directions and submit the required certificate and documents, failing which SEBI will launch formal prosecution proceedings against the company and its directors.
This is a serious regulatory escalation — failure to comply within 15 days could result in prosecution against the company and its directors, with potential fines up to Rs. 25 crore or imprisonment. Shareholders should view this as a significant negative overhang on the stock, reflecting unresolved compliance issues dating back to 2020.