Description
SEBI has issued a demand notice under Recovery Certificate No. 8860 of 2025 against Mr. Ashok Ghanshyamdas Rajani in connection with Seya Industries Limited.
Summary
SEBI has issued a Notice of Demand dated 13.08.2025 under Recovery Certificate (RC) No. 8860 of 2025 drawn against Mr. Ashok Ghanshyamdas Rajani in the matter of Seya Industries Limited. This represents an enforcement action by SEBI to recover outstanding amounts through the formal recovery process.
Key Points
- Notice of Demand issued under Recovery Certificate No. 8860 of 2025
- Directed against Mr. Ashok Ghanshyamdas Rajani
- Related to matters concerning Seya Industries Limited
- Issued on 13.08.2025 by SEBI
- Part of SEBI’s enforcement and recovery proceedings
Regulatory Changes
This notice does not introduce new regulatory changes but represents the implementation of SEBI’s existing recovery and enforcement mechanisms under the SEBI Act and relevant regulations.
Compliance Requirements
- The individual named in the notice must comply with the demand as specified
- Failure to comply may result in further enforcement actions including attachment of assets
- The company (Seya Industries Limited) may face indirect impact depending on the nature of the underlying matter
Important Dates
- Notice Date: 13.08.2025
- Recovery Certificate No: 8860 of 2025
- Compliance deadlines would be specified within the actual notice document
Impact Assessment
High impact enforcement action that could affect:
- Mr. Ashok Ghanshyamdas Rajani’s assets and financial position
- Seya Industries Limited’s operations and management
- Investor confidence in the company
- Potential market perception of the stock
- Corporate governance practices at the company
Impact Justification
High severity enforcement action involving demand notice and recovery certificate against key individual associated with listed company