Description
SEBI issues completion order for Recovery Certificate No. 4580 of 2022 in the matter of SMS Techsoft (India) Limited against four individuals - Karan Kirtibhai Shah, Keval Kirtikumar Shah, Alkaben Kirtibhai Shah, and Kirtibhai Rasiklal Shah.
Summary
SEBI has issued a Compliance-Completion Order for Recovery Certificate No. 4580 of 2022 in the matter of SMS Techsoft (India) Limited. The order pertains to recovery proceedings against four individuals: Karan Kirtibhai Shah (PAN: BQYPS0082D), Keval Kirtikumar Shah (PAN: DFNPS6796L), Alkaben Kirtibhai Shah (PAN: CPAPS2335R), and Kirtibhai Rasiklal Shah (PAN: AKQPS8463F).
Key Points
- Recovery Certificate No. 4580 of 2022 issued against four individuals
- Matter relates to SMS Techsoft (India) Limited
- Individuals named: Karan Kirtibhai Shah, Keval Kirtikumar Shah, Alkaben Kirtibhai Shah, Kirtibhai Rasiklal Shah
- Order marks completion of compliance in recovery proceedings
- PANs of all four individuals disclosed in the order
Regulatory Changes
No new regulatory changes introduced. This is an enforcement/recovery order.
Compliance Requirements
The order confirms completion of compliance requirements for the recovery certificate. The named individuals were subject to recovery proceedings which have now been completed.
Important Dates
- Order Date: November 11, 2025
- Recovery Certificate No.: 4580 of 2022
Impact Assessment
This order has limited market impact as it specifically concerns recovery proceedings against four individuals in relation to SMS Techsoft (India) Limited. The completion order suggests that the recovery process has been concluded. Market participants and investors should note this as part of the enforcement actions taken by SEBI, but it does not introduce new compliance obligations for other market participants.
Impact Justification
This is a completion order for recovery proceedings against specific individuals in relation to SMS Techsoft (India) Limited. It has limited market-wide impact and primarily affects the named parties.