Description

SEBI issues release order for Recovery Certificate No. 2786 of 2020 against SMS Techsoft (India) Ltd and 32 other entities following compliance with recovery proceedings in the SMS Techsoft matter.

Summary

SEBI has issued a Release Order for Recovery Certificate No. 2786 of 2020 against SMS Techsoft (India) Ltd. and 32 other entities. This order indicates that the recovery proceedings initiated against these parties have been successfully completed or complied with, leading to the release from the recovery certificate obligations.

Key Points

  • Release Order issued for Recovery Certificate No. 2786 of 2020
  • Involves SMS Techsoft (India) Ltd. and 32 other individual and HUF entities
  • Order relates to compliance with recovery proceedings in the SMS Techsoft matter
  • Release indicates successful resolution of outstanding recovery obligations

Entities Covered

The release order covers the following 33 entities:

  1. SMS Techsoft (India) Ltd (PAN: AAECA1954G)
  2. Jagadish Vital (PAN: ACJPJ5747L)
  3. Akash Jagadish Vital (PAN: ATYPA8648K)
  4. Anita S. Kadanthalai (PAN: ABUPA2184Q)
  5. Alkaben Kirtibhai Shah (PAN: CPAPS2335R)
  6. Bafna S R (PAN: AFXPB6525P)
  7. Chhaya Umeshchandra Trivedi (PAN: AHDPT3058P)
  8. Dharmendra Rikhavchand Shah (HUF) (PAN: AAEHD6246F)
  9. Himadri Kamleshbhai Shah (PAN: AZYPS5654H)
  10. Himanshu Prafulchandra Shah (PAN: ANEPS9445A)
  11. Kaliyaben Himanshu Shah (PAN: BFQPS1462A)
  12. Kanubhai Narandas Thakkar (PAN: ADZPT3418R)
  13. Karan Kirtibhai Shah (PAN: BQYPS0082D)
  14. Keval Kirtikumar Shah (PAN: DFNPS6796L)
  15. Kirtikumar Rasiklal Shah (PAN: AKQPS8463F)
  16. K Rajgopal (PAN: AGCPR8130L)
  17. Mahavirsingh N Chauhan (PAN: AQOPC6330R)
  18. Maheshchandra Chunilal Shah (PAN: AIOPS3870Q)
  19. Meenaben Natubhai Thakkar (PAN: AHWPT5940M)
  20. Minaben Prafulbhai Shah (PAN: COYPS9153J)
  21. Mitesh Kanaiyalal Thakkar (PAN: AHQPT0178H)
  22. Mukeshbhai Shantilal Thakkar (PAN: AJBPT8789M)
  23. Mulchand Ganeshmal Jain (PAN: ABBPJ6373M)
  24. Natubhai Shantilal Thakkar (PAN: AHWPT5944R)
  25. Navinchandra Kanubhai Thakkar (PAN: ADUPT1264A)
  26. Pruthvi Himanshu Shah (PAN: DCAPS6011N)
  27. S Rajaganesh (PAN: ALBPR2586E)
  28. Suresh Nenmalji Malvi (PAN: AKMPM4951C)
  29. Vaishali Natvarlal Thakkar (PAN: AMJPT1242N)
  30. Vinit Kamleshkumar Shah (PAN: BOIPS2506E)
  31. Vinod Jain (PAN: AEDPJ4235P)
  32. Manjulaben Maheshchandra Chunilal Shah (PAN: AFSPS6606M)
  33. Rajesh Ranka (PAN: ACUPR5573R)

Regulatory Context

  • This is a Release Order, which typically follows successful completion of recovery proceedings
  • Recovery Certificate No. 2786 was originally issued in 2020
  • The order relates to the SMS Techsoft (India) Ltd. matter

Compliance Requirements

No further compliance requirements as this is a release order indicating completion of obligations.

Important Dates

  • Order Date: November 28, 2025
  • Original Recovery Certificate: 2786 of 2020

Impact Assessment

Market Impact: Low - This is a positive development for the entities involved as it releases them from recovery obligations. No direct market-wide implications.

Affected Parties: The 33 entities listed above are directly affected. This release order removes the encumbrance of the recovery certificate, allowing them to operate without restrictions imposed by the recovery proceedings.

Significance: Administrative closure of a recovery matter. Indicates that the entities have successfully complied with or resolved their obligations under the original recovery certificate.

Impact Justification

Release order indicating successful completion/compliance with recovery proceedings. Positive development for the entities involved as it releases them from the recovery certificate obligations.