Description

SEBI notice for attachment of financial accounts under Recovery Certificate No. 5718 of 2022 due to non-redressal of investor grievances.

Summary

SEBI has issued a notice for attachment of bank accounts and demat accounts against Metalman Industries Limited (PAN: AAACM9510G) under Application Numbers 9698 & 9699 of 2023 dated September 09, 2025. This enforcement action is taken under Recovery Certificate No. 5718 of 2022 for non-redressal of investor grievances.

Key Points

  • Defaulter: Metalman Industries Limited (PAN: AAACM9510G)
  • Action: Attachment of bank accounts and demat accounts
  • Reason: Non-redressal of investor grievances
  • Recovery Certificate No.: 5718 of 2022
  • Application Numbers: 9698 & 9699 of 2023

Regulatory Changes

Enforcement action under SEBI’s recovery proceedings for non-compliance with investor grievance redressal mechanisms.

Compliance Requirements

Metalman Industries Limited must address the outstanding investor grievances to avoid continued enforcement actions and potential recovery of dues.

Important Dates

  • Notice Date: September 09, 2025
  • Recovery Certificate: 2022
  • Application Date: 2023

Impact Assessment

High impact enforcement action that restricts the company’s access to financial accounts, signaling serious regulatory non-compliance. This action serves as a warning to other entities about the consequences of failing to address investor grievances promptly.

Impact Justification

High severity enforcement action involving asset attachment for non-compliance with investor grievance redressal