Description
SEBI remittance order for recovery proceedings against Shrenik Shah related to Safal Herbs Limited (formerly Parikh Herbs Limited).
Summary
SEBI has issued a remittance order under Recovery Certificate No. 7732 of 2024 against Shrenik Shah in connection with Safal Herbs Limited (formerly known as Parikh Herbs Limited). This order relates to ongoing recovery proceedings for compliance violations.
Key Points
- Recovery Certificate No. 7732 of 2024 issued against Shrenik Shah
- Matter relates to Safal Herbs Limited (formerly Parikh Herbs Limited)
- Remittance order issued for compliance with recovery proceedings
- Document dated September 9, 2025
Regulatory Changes
No specific regulatory framework changes mentioned in this compliance order.
Compliance Requirements
- Subject must comply with the remittance order terms
- Payment of amounts as specified in the recovery certificate
- Adherence to SEBI’s recovery and enforcement mechanisms
Important Dates
- Order Date: September 9, 2025
- Recovery Certificate No.: 7732 of 2024
Impact Assessment
This remittance order represents enforcement action against an individual in relation to a listed company. The impact is primarily on the named individual and the company’s compliance standing, with potential implications for corporate governance and regulatory standing.
Impact Justification
Recovery order indicates serious compliance violations requiring financial remediation