Description

SEBI has issued a recovery certificate against Meena Nilesh Savla for dues related to RKD Agri & Retail Limited proceedings.

Summary

SEBI has issued Recovery Certificate No. 8925 of 2025 dated September 19, 2025, against Meena Nilesh Savla (PAN: AKUPS3442E) for recovery of outstanding dues in connection with proceedings related to RKD Agri & Retail Limited. This is a formal notice of demand for enforcement of regulatory dues.

Key Points

  • Recovery Certificate No. 8925 of 2025 issued on September 19, 2025
  • Notice directed at Meena Nilesh Savla (PAN: AKUPS3442E)
  • Related to matter involving RKD Agri & Retail Limited
  • Represents formal enforcement action by SEBI for recovery of dues
  • Individual is liable for payment of specified amounts

Regulatory Changes

No new regulatory changes introduced. This is an enforcement action under existing recovery provisions.

Compliance Requirements

  • Meena Nilesh Savla must respond to the recovery notice
  • Payment of outstanding dues as specified in the recovery certificate is required
  • Failure to comply may result in further enforcement measures including attachment of assets
  • Individual must engage with SEBI’s recovery process according to prescribed timelines

Important Dates

  • Recovery Certificate Date: September 19, 2025
  • Notice Publication Date: October 15, 2025

Impact Assessment

This enforcement action has high severity for the individual named (Meena Nilesh Savla) but limited broader market impact. Recovery certificates are issued when regulatory dues remain unpaid after adjudication or settlement proceedings. The action is specific to this individual’s liability related to RKD Agri & Retail Limited matter. No direct impact on trading, listing, or market operations is expected. Investors and market participants should note SEBI’s continued enforcement of regulatory compliance and recovery of dues from liable parties.

Impact Justification

Recovery action against specific individual for regulatory dues; limited market-wide impact but significant for the person named