Description
SEBI notice for attachment of demat accounts and mutual funds of Pragya Dairies and Agro Limited and related entities under recovery certificate proceedings.
Summary
SEBI has issued a notice of attachment of demat accounts and mutual fund units for Pragya Dairies and Agro Limited and related individuals under Recovery Certificate No. 4800/2022. The attachment covers multiple entities including company promoters and directors.
Key Points
- Recovery Certificate No. 4800/2022 issued against Pragya Dairies and Agro Limited
- Multiple individuals affected: Punam Chand Patidar, Nana Lal Patidar, Pooja Patidar, Durga Patidar, and Ansar Ahmed
- Attachment covers both demat accounts and mutual fund units
- Enforcement action relates to outstanding dues to SEBI
Regulatory Changes
No new regulatory framework changes. This is an enforcement action under existing SEBI recovery mechanisms.
Compliance Requirements
- Affected entities must comply with attachment orders
- Financial institutions holding attached assets must freeze the accounts
- No transactions permitted on attached demat accounts and mutual fund units
Important Dates
- Notice Date: August 28, 2025
- Attachment effective immediately upon notice
Impact Assessment
High impact on the company and named individuals as their investment assets are frozen. This enforcement action may signal serious regulatory violations and could affect the company’s operations and financial standing.
Impact Justification
Attachment of financial assets indicates serious regulatory enforcement action with significant impact on company and individuals