Description
SEBI issues Notice of Demand under Recovery Certificate No. 8841 of 2025 for compliance matters involving two individuals in relation to Pressure Sensitive Systems (India) Limited.
Summary
SEBI has issued a Notice of Demand under Recovery Certificate No. 8841 of 2025 against Purav Bharatbhai Patel and Hansaben Bharatkumar Patel in matters relating to Pressure Sensitive Systems (India) Limited. This enforcement action represents SEBI’s formal demand for compliance with regulatory requirements and likely involves monetary recovery.
Key Points
- Recovery Certificate Number: 8841 of 2025
- Enforcement action against two named individuals: Purav Bharatbhai Patel and Hansaben Bharatkumar Patel
- Matter relates to Pressure Sensitive Systems (India) Limited
- Document type: Notice of Demand for compliance
- Part of SEBI’s enforcement and recovery proceedings
Regulatory Changes
No new regulatory changes introduced. This is an enforcement action under existing SEBI regulations and recovery procedures.
Compliance Requirements
- Named individuals must comply with the demands specified in the recovery certificate
- Compliance with SEBI’s enforcement directives is mandatory
- Non-compliance may result in further enforcement measures
Important Dates
- Document Date: July 24, 2025
- Recovery Certificate: No. 8841 of 2025
- Specific compliance deadlines would be detailed within the full document
Impact Assessment
Market Impact: Limited direct market impact as this appears to be an individual enforcement case rather than systemic regulatory change.
Operational Impact: Affects the named individuals and their association with Pressure Sensitive Systems (India) Limited. May impact company operations if individuals hold key positions.
Regulatory Impact: Demonstrates SEBI’s continued enforcement activities in recovery proceedings and compliance matters.
Impact Justification
Recovery certificate issuance indicates serious compliance breach requiring enforcement action, but impact limited to specific individuals and company