Description

SEBI announces completion of recovery proceedings against Ajaykumar Pujara and Mr. Natu Vegda under Recovery Certificate No. 8565 of 2025 in connection with Manaksia Coated Metals and Industries Limited matter.

Summary

SEBI has completed recovery proceedings under Recovery Certificate No. 8565 of 2025 against Ajaykumar Pujara and Mr. Natu Vegda in the matter of Manaksia Coated Metals and Industries Limited. This represents the conclusion of enforcement action to recover dues from the individuals in connection with regulatory violations.

Key Points

  • Recovery Certificate No. 8565 of 2025 proceedings completed
  • Action taken against Ajaykumar Pujara and Mr. Natu Vegda
  • Related to Manaksia Coated Metals and Industries Limited matter
  • Enforcement proceedings concluded
  • Completion order issued on October 8, 2025

Regulatory Changes

No new regulatory changes introduced. This is a completion notice for existing recovery proceedings.

Compliance Requirements

No additional compliance requirements for market participants. This notice serves as confirmation of completed enforcement action against the named individuals.

Important Dates

  • October 8, 2025: Recovery proceedings completion order issued

Impact Assessment

Minimal market impact as this represents completion of individual enforcement action against specific entities. Demonstrates SEBI’s continued focus on recovering dues from regulatory violations and completing enforcement proceedings related to Manaksia Coated Metals and Industries Limited.

Impact Justification

Completion of recovery proceedings indicates enforcement action concluded, with limited broader market impact but demonstrates regulatory oversight