Description
SEBI issues Certificate of Completion for recovery proceedings under RC No. 746/2015 against Bela H. Kayastha in matters involving Aarti Industries Ltd., Aarti Drugs Ltd., Havells India Ltd., Lyka Labs Ltd., and Tasc Pharmaceuticals.
Summary
SEBI has issued a Certificate of Completion dated November 21, 2025, under Recovery Certificate No. 746 of 2015. This certificate pertains to recovery proceedings drawn against Bela H. Kayastha in connection with matters involving five companies: Aarti Industries Ltd., Aarti Drugs Ltd., Havells India Ltd., Lyka Labs Ltd., and Tasc Pharmaceuticals. The issuance of this certificate indicates the completion of the recovery process under this particular case.
Key Points
- Certificate of Completion issued on November 21, 2025
- Relates to Recovery Certificate No. 746 of 2015
- Proceedings were against individual Bela H. Kayastha
- Connected to five companies: Aarti Industries Ltd., Aarti Drugs Ltd., Havells India Ltd., Lyka Labs Ltd., and Tasc Pharmaceuticals
- Marks formal closure of this recovery proceeding
Regulatory Changes
No new regulatory changes introduced. This is an administrative document marking the completion of existing recovery proceedings.
Compliance Requirements
No new compliance requirements. This document serves as formal confirmation that the recovery proceedings under RC No. 746/2015 have been completed.
Important Dates
- November 21, 2025: Date of Certificate of Completion issuance
- 2015: Original Recovery Certificate (RC No. 746) was issued
Impact Assessment
The impact of this certificate is minimal as it represents the conclusion of a recovery proceeding that originated in 2015. The Certificate of Completion indicates that SEBI’s recovery actions against Bela H. Kayastha have been finalized. There is no direct operational or market impact on the mentioned companies (Aarti Industries Ltd., Aarti Drugs Ltd., Havells India Ltd., Lyka Labs Ltd., and Tasc Pharmaceuticals) as this pertains to enforcement actions against an individual. The document serves primarily as an administrative closure notice for the decade-long recovery case.
Impact Justification
Certificate of Completion indicates closure of recovery proceedings against an individual; no new regulatory changes or ongoing market impact expected.