Description

SEBI issues General Remittance Order in Recovery Certificate No. 5718 of 2022 against M/s. Metalman Industries Limited (PAN: AAACM9510G) for non-redressal of investor grievances.

Summary

SEBI has issued a General Remittance Order dated 10.10.2025 under Recovery Certificate No. 5718 of 2022 against M/s. Metalman Industries Limited (PAN: AAACM9510G) in connection with non-redressal of investor grievances. This order is part of SEBI’s enforcement and recovery proceedings against the company for its failure to address investor complaints and grievances in a timely manner.

Key Points

  • Entity: M/s. Metalman Industries Limited (PAN: AAACM9510G)
  • Order Type: General Remittance Order
  • Recovery Certificate No.: 5718 of 2022
  • Issue: Non-redressal of investor grievances
  • Order Date: 10th October 2025
  • This is an enforcement action under SEBI’s recovery proceedings framework
  • The order relates to outstanding dues/amounts arising from unresolved investor grievances

Regulatory Changes

No new regulatory changes are introduced. This is an enforcement action implementing existing SEBI regulations regarding:

  • Investor protection and grievance redressal mechanisms
  • Recovery proceedings under SEBI Act for non-compliance
  • Corporate obligations towards investor grievance resolution

Compliance Requirements

  • For Metalman Industries Limited:

    • The company is subject to recovery proceedings under the Recovery Certificate No. 5718 of 2022
    • Must comply with the remittance order and fulfill obligations towards aggrieved investors
    • Required to settle outstanding investor grievances as per SEBI’s directions
    • Non-compliance may lead to further enforcement actions including attachment of assets

  • For Investors:

    • Aggrieved investors may claim their dues as per the recovery proceedings
    • Should submit necessary documentation to support their claims

Important Dates

  • Order Date: 10th October 2025
  • Recovery Certificate Issued: 2022 (Recovery Certificate No. 5718 of 2022)
  • Compliance Deadline: As specified in the detailed order (refer to PDF)

Impact Assessment

High Impact on Metalman Industries Limited:

  • The company faces serious enforcement action for failing to redress investor grievances
  • Recovery proceedings can lead to attachment and sale of assets to recover dues
  • Significant reputational damage and loss of investor confidence
  • Potential restrictions on business operations until compliance is achieved
  • May face additional penalties and restrictions from SEBI

Impact on Investors:

  • Existing shareholders may see adverse impact on stock price and liquidity
  • Aggrieved investors have a legal mechanism to recover their dues through the recovery certificate
  • Potential investors should exercise extreme caution before investing in the company

Market Impact:

  • This action reinforces SEBI’s commitment to investor protection and strict enforcement against non-compliant entities
  • Serves as a deterrent for other listed companies regarding timely grievance redressal
  • Highlights the importance of robust investor grievance redressal mechanisms in listed companies

Note: For complete details of the order including specific amounts, timelines, and detailed directions, please refer to the full PDF document available at the SEBI website.

Impact Justification

This is a high severity enforcement action involving a General Remittance Order in recovery proceedings against Metalman Industries Limited for non-redressal of investor grievances. Recovery proceedings indicate serious compliance violations and potential financial recovery actions, which can significantly impact the company's operations and investor confidence.