Desktop Site
|
28 Mar 24 | 16:00
|
Close
Equity
SME
Eq Drv
Currency
Commodity
Corporates
Get Quote
Notices
|
S&P
BSE SENSEX
73,651.35
+655.04
+0.90 %
Corporate Announcement
Security Code
530019
Company
Jubilant Pharmova Ltd
Exchange Received Time
08/11/2019 14:54:44
Exchange Disseminated Time
08/11/2019 14:54:49
Time Taken
00:00:05
Securities Appellate Tribunal Order |
11/08/19 14:54
Dear Sirs,
We refer to our letter dated February 1, 2018 intimating that SEBI, by Adjudication Order dated January 31, 2018, had imposed a penalty of Rs. 10 Lac on each of Jubilant Life Sciences Limited, Jubilant Stock Holding Private Limited, Mr. Shyam Sunder Bhartia and Mr. Hari Shanker Bhartia (collectively referred to as the 'Parties').
By our letter dated April 25, 2018, we had intimated that the Parties had filed appeals on April 24, 2018 before the Securities Appellate Tribunal ('SAT'), Mumbai, against the SEBI Adjudication Order.
We wish to inform you that SAT, by its Order dated November 7, 2019, has reduced the penalty on Jubilant Life Sciences Limited from Rs. 10 lac to Rs. 5 lac and has dismissed the appeals of Jubilant Stock Holding Private Limited, Mr. Shyam Sunder Bhartia and Mr. Hari Shanker Bhartia.
This is for your information and records.
Attachment
<< Back
Recently Viewed