Description
SEBI issues recovery certificate demanding payment from Aggarwal Steel Rolling Mills and Metal Industries in the matter of PG Electroplast Limited.
Summary
SEBI has issued Recovery Certificate No. 8964 of 2025 dated December 03, 2025 to Aggarwal Steel Rolling Mills and Metal Industries (PAN: AABFA9058R) in the matter of PG Electroplast Limited. This notice of demand is issued under SEBI’s recovery proceedings for amounts due.
Key Points
- Recovery Certificate Number: 8964 of 2025
- Date of Issue: December 03, 2025
- Entity: Aggarwal Steel Rolling Mills and Metal Industries
- PAN: AABFA9058R
- Related Matter: PG Electroplast Limited
- Issuing Authority: Securities and Exchange Board of India (SEBI)
Regulatory Changes
No regulatory changes. This is an enforcement action under existing SEBI recovery procedures.
Compliance Requirements
Aggarwal Steel Rolling Mills and Metal Industries is required to pay the demanded amount as specified in the recovery certificate. Failure to comply may result in further recovery proceedings including attachment of assets and bank accounts.
Important Dates
- Recovery Certificate Issue Date: December 03, 2025
Impact Assessment
This recovery certificate specifically impacts Aggarwal Steel Rolling Mills and Metal Industries in connection with the PG Electroplast Limited matter. The enforcement action indicates outstanding dues or penalties that SEBI is seeking to recover through formal proceedings. While this is a significant compliance matter for the named entity, the broader market impact is limited to stakeholders directly involved in the PG Electroplast case.
Impact Justification
Recovery certificate issued for specific entity in PG Electroplast matter - affects named party and related stakeholders but limited broader market impact