Description
SEBI issues Notice of Demand dated 09.10.2025 under Recovery Certificate No. 8915 of 2025 against Saurabh Ashok Shinde in the matter of Generic Engineering Construction and Projects Limited for outstanding dues.
Summary
SEBI has issued a Notice of Demand dated October 9, 2025, under Recovery Certificate No. 8915 of 2025 against Saurabh Ashok Shinde in connection with the matter of Generic Engineering Construction and Projects Limited. This notice is part of SEBI’s enforcement and recovery proceedings to collect outstanding dues from defaulters.
Key Points
- Recovery Certificate No. 8915 of 2025 issued against Saurabh Ashok Shinde
- Notice issued on October 9, 2025
- Matter relates to Generic Engineering Construction and Projects Limited
- Part of SEBI’s ongoing recovery and enforcement actions
- Legal demand for payment of outstanding amounts
Regulatory Changes
No regulatory changes. This is an enforcement action under existing recovery provisions.
Compliance Requirements
- Saurabh Ashok Shinde must comply with the demand notice
- Payment of outstanding dues as specified in the Recovery Certificate
- Failure to comply may result in further enforcement actions including attachment of assets
Important Dates
- Notice Date: October 9, 2025
- Recovery Certificate No.: 8915 of 2025
- Payment deadline as specified in the notice document
Impact Assessment
Market Impact: Minimal. This is an individual enforcement action with no broader market implications.
Operational Impact: Limited to the named individual (Saurabh Ashok Shinde) and the specific case of Generic Engineering Construction and Projects Limited. No impact on market participants or trading operations.
Compliance Impact: Demonstrates SEBI’s continued focus on enforcement and recovery of dues from defaulters, reinforcing regulatory accountability.
Impact Justification
Individual recovery notice with limited market-wide impact. Affects only the named defaulter and specific case proceedings.