Description
SEBI issues recovery notice against Mr. Sivaprasada Rao Buddi related to Seya Industries Limited under Recovery Certificate No. 8865 of 2025.
Summary
SEBI has issued a Notice of Demand dated 13.08.2025 under Recovery Certificate No. 8865 of 2025 against Mr. Sivaprasada Rao Buddi in connection with Seya Industries Limited. This represents enforcement action by SEBI to recover outstanding amounts through formal legal proceedings.
Key Points
- Recovery Certificate Number: 8865 of 2025
- Target Individual: Mr. Sivaprasada Rao Buddi
- Related Entity: Seya Industries Limited
- Notice Date: August 13, 2025
- Formal demand notice issued by SEBI for recovery of dues
Regulatory Changes
No new regulatory changes introduced - this is an enforcement action under existing SEBI recovery procedures.
Compliance Requirements
- Mr. Sivaprasada Rao Buddi must respond to the demand notice within the stipulated timeframe
- Payment of demanded amount or filing of appropriate legal response required
- Failure to comply may result in further recovery proceedings including asset attachment
Important Dates
- Notice Date: August 13, 2025
- Response deadline to be specified in the detailed notice
Impact Assessment
This notice primarily affects Mr. Sivaprasada Rao Buddi personally and may have implications for Seya Industries Limited. The recovery action suggests outstanding financial obligations to SEBI that require immediate attention. Limited broader market impact expected as this appears to be an individual enforcement matter.
Impact Justification
Individual recovery notice with specific financial implications for named person and related company