Description
SEBI recovery notice issued under Recovery Certificate No. 8926 of 2025 dated 19.09.2025 against Nilesh Malshi Savla (PAN: AAEPS0827P) in the matter of RKD Agri & Retail Limited
Summary
SEBI has issued a Notice of Demand under Recovery Certificate No. 8926 of 2025 dated September 19, 2025, against Nilesh Malshi Savla (PAN: AAEPS0827P) in connection with the matter of RKD Agri & Retail Limited. This notice represents enforcement action for recovery of dues.
Key Points
- Recovery Certificate No. 8926 of 2025 issued on September 19, 2025
- Notice directed against Nilesh Malshi Savla (PAN: AAEPS0827P)
- Related to RKD Agri & Retail Limited matter
- Part of SEBI’s enforcement and recovery proceedings
Regulatory Changes
No new regulatory changes introduced. This is an enforcement action under existing recovery framework.
Compliance Requirements
- The notice holder (Nilesh Malshi Savla) is required to comply with the demand specified in the recovery certificate
- Failure to comply may result in further enforcement measures including attachment of assets and other recovery proceedings
- The concerned individual must respond to SEBI’s recovery demands as per the certificate terms
Important Dates
- Recovery Certificate Issue Date: September 19, 2025
- Notice Publication Date: October 15, 2025
Impact Assessment
This notice has limited market-wide impact as it targets a specific individual in relation to RKD Agri & Retail Limited. The action demonstrates SEBI’s continued enforcement efforts in recovery proceedings. The severity is high for the individual concerned (Nilesh Malshi Savla) given the formal recovery certificate issuance, but the broader market impact remains low unless the underlying matter relates to significant market violations affecting other stakeholders.
Impact Justification
Enforcement action against specific individual in RKD Agri & Retail matter; high severity for the individual involved but limited market-wide impact