Description
SEBI releases order for compliance regarding Recovery Certificate No. 5204 of 2022 against Blink Share and Comtrade Pvt. Ltd. in the matter of Excel Castronics Limited.
Summary
SEBI has issued an order for compliance regarding the release of Recovery Certificate No. 5204 of 2022 against Blink Share and Comtrade Pvt. Ltd. in the matter of Excel Castronics Limited. This represents a completion of enforcement proceedings related to recovery of dues.
Key Points
- Recovery Certificate No. 5204 of 2022 has been released
- Action taken against Blink Share and Comtrade Pvt. Ltd.
- Related to Excel Castronics Limited matter
- Compliance order indicates completion of recovery proceedings
Regulatory Changes
No new regulatory changes introduced. This is an enforcement completion order.
Compliance Requirements
- Affected entities must comply with the recovery certificate terms
- No additional compliance requirements for other market participants
Important Dates
- Order Date: August 5, 2025
- Recovery Certificate: No. 5204 of 2022
Impact Assessment
Limited impact on broader market operations. Specific to the named entities and completion of existing enforcement proceedings. Demonstrates SEBI’s continued enforcement of recovery mechanisms.
Impact Justification
Recovery certificate release indicates enforcement action completion but limited to specific entities