Description
SEBI issues recovery certificate for dues against Priyankbhai V Pajapati (PAN: ANRPP5551F) in the matter of Svarnim Trade Udyog Limited.
Summary
SEBI has issued Recovery Certificate No. 8941 of 2025 dated November 14, 2025 against Priyankbhai V Pajapati (PAN: ANRPP5551F) in the matter of Svarnim Trade Udyog Limited. This is a formal notice of demand for recovery of dues owed to SEBI.
Key Points
- Recovery Certificate Number: 8941 of 2025
- Date of issuance: November 14, 2025
- Person against whom certificate is issued: Priyankbhai V Pajapati
- PAN of the person: ANRPP5551F
- Related entity: Svarnim Trade Udyog Limited
- Nature: Demand notice for recovery of outstanding dues
Regulatory Changes
No regulatory changes introduced. This is an enforcement action under existing SEBI recovery procedures.
Compliance Requirements
- Priyankbhai V Pajapati is required to pay the outstanding dues as specified in the recovery certificate
- Failure to comply may result in further recovery proceedings including attachment of assets
- The recovery certificate empowers SEBI to take enforcement measures for dues collection
Important Dates
- Recovery Certificate Date: November 14, 2025
- Publication Date: November 14, 2025
Impact Assessment
This is an individual enforcement action with limited broader market impact. It demonstrates SEBI’s continued efforts to recover dues from defaulters. Investors and stakeholders of Svarnim Trade Udyog Limited should note this enforcement action. The action is specific to one individual and does not indicate systemic issues unless part of a broader pattern of non-compliance.
Impact Justification
Enforcement action against specific individual; limited market-wide impact but indicates regulatory compliance issues with Svarnim Trade Udyog Limited