Description
SEBI issues notice of demand for recovery certificate against Bhrugesh Pankaj Mehta in the matter of Jay Energy and S. Energies Limited.
Summary
SEBI has issued Notice of Demand for Recovery Certificate No. 8937 of 2025 against Bhrugesh Pankaj Mehta in connection with the matter of Jay Energy and S. Energies Limited. This notice is part of SEBI’s enforcement and debt recovery proceedings against individuals who have outstanding dues or have violated securities regulations.
Key Points
- Recovery Certificate No. 8937 of 2025 issued against Bhrugesh Pankaj Mehta
- Matter relates to Jay Energy and S. Energies Limited
- Notice of demand issued by SEBI for outstanding dues
- Part of SEBI’s enforcement and recovery proceedings
Regulatory Changes
No new regulatory changes. This is an enforcement action under existing SEBI regulations for recovery of dues.
Compliance Requirements
- Bhrugesh Pankaj Mehta is required to respond to the notice and settle outstanding dues
- Failure to comply may result in further enforcement actions including asset attachment and recovery proceedings
- The individual must cooperate with SEBI’s recovery certificate proceedings
Important Dates
- Notice Date: October 28, 2025
- Recovery Certificate Number: 8937 of 2025
- Response deadlines and payment timelines would be specified in the detailed notice
Impact Assessment
This enforcement action has minimal market impact as it targets a specific individual in relation to a particular matter involving Jay Energy and S. Energies Limited. The notice serves as a public record of SEBI’s recovery proceedings and warns other market participants about compliance obligations. Impact is limited to the parties directly involved.
Impact Justification
This is an individual enforcement notice for debt recovery against a specific person in relation to Jay Energy and S. Energies Limited. While severity is high for the individual involved, market-wide impact is minimal.