Description

SEBI remittance advice against defaulter Puneet (PAN: CMNPP7587E) in trading activities matter of Vikas Proppant and Granite Limited under Recovery Certificate No. 8476 of 2024.

Summary

SEBI has issued a remittance advice against Puneet (PAN: CMNPP7587E), who has been declared a defaulter in connection with trading activities in the scrip of Vikas Proppant and Granite Limited. This enforcement action is being taken under Recovery Certificate No. 8476 of 2024.

Key Points

  • Defaulter: Puneet (PAN: CMNPP7587E)
  • Company involved: Vikas Proppant and Granite Limited
  • Recovery Certificate No.: 8476 of 2024
  • Nature: Trading activities violations
  • Action: Remittance advice for recovery proceedings

Regulatory Changes

No specific regulatory changes are introduced by this circular.

Compliance Requirements

  • Puneet must comply with the recovery demands as per the certificate
  • Any outstanding dues or penalties must be settled as directed
  • Compliance with trading regulations going forward

Important Dates

  • Recovery Certificate issued: 2024
  • Remittance advice date: July 28, 2025

Impact Assessment

This is an individual enforcement action targeting a specific defaulter. The impact is limited to the individual concerned and serves as a deterrent for similar violations. It demonstrates SEBI’s commitment to pursuing recovery actions against market violators.

Impact Justification

Recovery action against specific defaulter in trading violations case