Description
SEBI notice of attachment of demat accounts dated November 17, 2025 under recovery certificate 8930 of 2025 against Anup Karwa (PAN: BFNPK5368C) in the matter of Prakash Constrowell Limited (now Setubandhan Infrastructure Limited).
Summary
This is a formal notice of attachment of demat accounts issued by the Securities and Exchange Board of India (SEBI) dated November 17, 2025. The notice is issued under recovery certificate number 8930 of 2025 against Anup Karwa (PAN: BFNPK5368C) in the matter relating to Prakash Constrowell Limited, now known as Setubandhan Infrastructure Limited.
Key Points
- Notice issued under SEBI recovery certificate procedures
- Demat accounts of Anup Karwa have been attached
- Related to compliance matter involving Prakash Constrowell Limited (now Setubandhan Infrastructure Limited)
- PAN of individual: BFNPK5368C
- Recovery certificate number: 8930 of 2025
- Dated: November 17, 2025
Regulatory Changes
This notice represents an enforcement action by SEBI utilizing its powers under the Securities and Exchange Board of India Act, 1992, to attach demat accounts as part of recovery procedures for outstanding obligations or non-compliance issues.
Compliance Requirements
- All operations on the attached demat accounts are frozen
- The concerned individual must comply with the attachment notice
- Any disputes regarding the attachment must be raised through proper legal channels
- Depository participants must acknowledge and enforce the attachment
Important Dates
- Notice Date: November 17, 2025
- Recovery Certificate: RC 8930 of 2025
Impact Assessment
This attachment action restricts the individual’s ability to transact or pledge securities in the attached demat account(s). The enforcement action indicates an ongoing regulatory matter requiring resolution for account de-freezing.
Impact Justification
SEBI enforcement action involving attachment of demat accounts under recovery certificate procedures for non-compliance matters