Description
SEBI issues release order for Recovery Certificate No. 4518 of 2022 against Kaliyaben Himanshu Shah (PAN: BFQPS1462A) in the matter of SMS Techsoft (India) Ltd.
Summary
SEBI has issued a Release Order for Recovery Certificate No. 4518 of 2022 against Kaliyaben Himanshu Shah (PAN: BFQPS1462A) in connection with the matter of SMS Techsoft (India) Ltd. This order pertains to the conclusion or modification of recovery proceedings initiated against the individual.
Key Points
- Recovery Certificate No. 4518 of 2022 issued against Kaliyaben Himanshu Shah
- Individual’s PAN: BFQPS1462A
- Matter relates to SMS Techsoft (India) Ltd.
- Release order indicates resolution or modification of recovery proceedings
- Order issued on November 21, 2025
Regulatory Changes
No regulatory changes introduced. This is an enforcement/recovery matter specific to an individual case.
Compliance Requirements
This order pertains to the resolution of recovery proceedings against the named individual. No new compliance requirements for market participants.
Important Dates
- Order Date: November 21, 2025
- Recovery Certificate Date: 2022 (RC No. 4518 of 2022)
Impact Assessment
The impact is limited to the individual named in the recovery certificate. This is an administrative enforcement matter with no direct market-wide implications. The release order suggests that recovery proceedings have been satisfied or modified for Kaliyaben Himanshu Shah in relation to SMS Techsoft (India) Ltd.
Impact Justification
Recovery certificate release order for individual entity; limited market-wide impact; administrative compliance matter specific to one person in relation to SMS Techsoft (India) Ltd.