Description

SEBI has barred Sarvoday Agro Power Limited and 19 associated individuals/entities from securities market activities for 4 years with refund obligations.

Summary

SEBI has issued directions restraining Sarvoday Agro Power Limited and 19 associated entities from securities market activities. The first 15 entities are prohibited from buying, selling or dealing in securities for 4 years from completion of investor refunds. The remaining 5 entities face a 4-year market ban from the date of SEBI’s order (July 31, 2025).

Key Points

  • 20 entities total are subject to SEBI restrictions under order QJA/MN/ERO/ERO/31577/2025-26
  • Sarvoday Agro Power Ltd (CIN: U45400WB2007PLC116883) is the primary entity
  • 15 entities face market ban until 4 years after completion of investor refunds
  • 5 entities including Sarvoday Debenture Trust face immediate 4-year market ban
  • SEBI has provided revised PAN numbers for two individuals
  • Consolidated list of debarred entities available on NSE website

Regulatory Changes

SEBI order prohibits all forms of securities market participation including buying, selling, or dealing in securities directly or indirectly. This applies to both individual and institutional entities listed in the order.

Compliance Requirements

  • NSE members must ensure compliance with the debarment order
  • All market participants should verify entity status before transactions
  • Members can access updated consolidated list of debarred entities on NSE website
  • Queries should be directed to dl-invsg-all@nse.co.in

Important Dates

  • July 31, 2025: Date of SEBI order
  • August 04, 2025: NSE circular date
  • 4 years from refund completion: Ban period for entities 1-15
  • 4 years from July 31, 2025: Ban period for entities 16-20

Impact Assessment

Limited direct market impact as restrictions apply to specific company and associated entities. Reinforces regulatory oversight and investor protection measures. Market participants should exercise due diligence when dealing with listed entities to ensure compliance with SEBI directions.

Impact Justification

Regulatory enforcement action affecting specific company and associates, limited broader market impact