Description

SEBI issues completion order for Recovery Certificate No. 2786 of 2020 against SMS Techsoft (India) Ltd and 33 other entities for compliance with recovery proceedings.

Summary

SEBI has issued a Completion Order for Recovery Certificate No. 2786 of 2020 against SMS Techsoft (India) Ltd and 33 other entities including individuals and HUFs. This order marks the completion of recovery proceedings initiated against the company and associated parties for non-compliance with SEBI regulations.

Key Points

  • Recovery Certificate No. 2786 of 2020 proceedings have been completed
  • Total of 34 entities affected: SMS Techsoft (India) Ltd and 33 individuals/entities
  • Order dated November 28, 2025
  • Completion order signifies conclusion of debt recovery process
  • Multiple PANs involved across various individuals and entities

Regulatory Changes

No new regulatory changes introduced. This is an enforcement completion order.

Compliance Requirements

  • Recovery proceedings under Certificate No. 2786/2020 have been concluded
  • Affected entities must comply with final recovery determinations
  • All outstanding dues and obligations as per the recovery certificate are to be settled

Important Dates

  • Order Date: November 28, 2025
  • Recovery Certificate Number: 2786 of 2020
  • Document Creation: November 28, 2025

Impact Assessment

Market Impact: Medium - Affects SMS Techsoft (India) Ltd and associated entities

Operational Impact: High for affected entities - Completion of recovery proceedings indicates finalization of enforcement action, potentially affecting business operations and financial standing of all 34 entities involved

Investor Impact: Investors in SMS Techsoft (India) Ltd should note the completion of recovery proceedings, which may have implications for the company’s financial position and regulatory compliance status

Impact Justification

Completion order indicates finalization of recovery proceedings against SMS Techsoft (India) Ltd and 33 other entities under Recovery Certificate No. 2786/2020, signifying enforcement action conclusion