Description
SEBI announces completion of recovery proceedings against Himlaksh Tradelinks Pvt Ltd. and associated individuals in the PACL Ltd. matter.
Summary
SEBI has announced the completion of recovery proceedings against Himlaksh Tradelinks Pvt Ltd., Mr. Karan Singh Shekhawat and Ms. Meena Shekhavat in connection with the PACL Ltd. matter. This notice signifies the conclusion of enforcement actions against these entities.
Key Points
- Recovery proceedings completed against Himlaksh Tradelinks Pvt Ltd.
- Proceedings also concluded against Mr. Karan Singh Shekhawat and Ms. Meena Shekhavat
- Related to the broader PACL Ltd. enforcement matter
- Represents closure of regulatory action against these specific entities
Regulatory Changes
No new regulatory changes introduced. This is a completion notice for existing enforcement proceedings.
Compliance Requirements
No additional compliance requirements. The notice confirms completion of recovery proceedings.
Important Dates
- Notice Date: August 13, 2025
- Recovery proceedings: Completed
Impact Assessment
Limited market impact as this is a completion notice rather than initiation of new proceedings. Provides regulatory closure on enforcement actions against the specified entities in the PACL matter.
Impact Justification
Completion notice for recovery proceedings - important for regulatory closure but limited market impact