Disclosure under Regulation 30- intimation of Reciept of order from SEBI.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Vivid Mercantile Ltd and its Managing Director, Mr. Satish Ramanlal Gajjar, have received an order from SEBI on 4th June 2026 alleging violations of SEBI Act Sections 12A(a), 12A(b), and 12A(c) and multiple PFUTP Regulations (Prohibition of Fraudulent and Unfair Trade Practices). A monetary penalty of Rs. 10 lakhs has been imposed on the director under Section 15HA, and the company is liable to disgorge Rs. 40,84,556 (approximately Rs. 40.85 lakhs). Both the company and the director have been barred from accessing the securities market and from buying, selling, or dealing in securities for 5 years. The company has stated it is examining next steps and analysing the financial and operational impact.
This is a significant negative development — a 5-year securities market ban on both the company and its MD severely restricts their ability to participate in capital markets, while the combined penalty and disgorgement of over Rs. 50 lakhs creates a direct financial hit. Shareholders should expect heightened regulatory scrutiny and potential reputational damage, though the company may appeal the order.