Description
SEBI issues notice of demand under Recovery Certificate No. 8938 of 2025 dated 14.11.2025 against SRSR Holdings Pvt. Ltd. (PAN: AAKCS0134N) in relation to the Satyam Computer Services Ltd. matter.
Summary
SEBI has issued a Notice of Demand under Recovery Certificate No. 8938 of 2025 dated November 14, 2025, against SRSR Holdings Pvt. Ltd. (PAN: AAKCS0134N) in connection with the Satyam Computer Services Ltd. matter. This notice is part of SEBI’s ongoing enforcement and recovery proceedings related to the Satyam fraud case.
Key Points
- Recovery Certificate No. 8938 of 2025 issued on November 14, 2025
- Issued against SRSR Holdings Pvt. Ltd. (PAN: AAKCS0134N)
- Connected to the Satyam Computer Services Ltd. matter
- Formal notice of demand for recovery of outstanding amounts
- Part of SEBI’s enforcement and debt recovery mechanism
Regulatory Changes
No new regulatory changes. This is an enforcement action under existing SEBI recovery procedures and the Securities and Exchange Board of India Act, 1992.
Compliance Requirements
- SRSR Holdings Pvt. Ltd. must comply with the demand notice
- Payment of the amount specified in the recovery certificate is required
- Failure to comply may result in further enforcement actions including attachment of assets
- The entity must respond within the timeframe specified in the notice
Important Dates
- Recovery Certificate Issue Date: November 14, 2025
- Notice Date: November 14, 2025
- Payment deadline and other specific dates are detailed in the full notice document
Impact Assessment
Direct Impact: SRSR Holdings Pvt. Ltd. faces immediate financial obligation to pay the demanded amount. Non-compliance will lead to coercive recovery measures including asset attachment and auction.
Market Impact: Limited direct market impact as this relates to a specific entity’s recovery proceedings. However, it demonstrates SEBI’s continued pursuit of recovery in the long-running Satyam fraud matter.
Legal Implications: The entity may face further legal consequences if the demand is not met, including attachment of bank accounts, demat accounts, and other properties. This is part of SEBI’s statutory recovery mechanism under the SEBI Act.
Impact Justification
Recovery certificate notice indicating SEBI enforcement action for outstanding dues related to the historic Satyam fraud case, requiring immediate compliance from SRSR Holdings Pvt. Ltd.