Description
SEBI issues release order for Recovery Certificate No. 591 of 2015 drawn against Cavalier Securities in the matter of India Polyspin Limited, indicating compliance with recovery proceedings.
Summary
SEBI has issued a Release Order dated December 04, 2025, for Recovery Certificate No. 591 of 2015 drawn against Cavalier Securities in the matter of India Polyspin Limited. This release order indicates that the recovery proceedings initiated under the said certificate have been completed or complied with, allowing for the release of the recovery certificate.
Key Points
- Recovery Certificate No. 591 of 2015 issued against Cavalier Securities
- Matter relates to India Polyspin Limited
- Release order issued on December 04, 2025
- Indicates completion of recovery proceedings or compliance with SEBI directives
- Administrative closure of enforcement action
Regulatory Changes
No new regulatory changes introduced. This is an administrative order releasing a recovery certificate.
Compliance Requirements
No new compliance requirements. The release order indicates that the previously outstanding compliance obligations under Recovery Certificate No. 591 of 2015 have been satisfied by Cavalier Securities.
Important Dates
- Release Order Date: December 04, 2025
- Original Recovery Certificate: No. 591 of 2015
Impact Assessment
Market Impact: Minimal. This is an entity-specific administrative order with no broader market implications.
Operational Impact: Positive for Cavalier Securities as the release of the recovery certificate indicates resolution of the enforcement proceedings. The entity is no longer subject to the recovery action under this specific certificate.
Investor Impact: Limited impact on general investors. May be relevant to stakeholders of Cavalier Securities and India Polyspin Limited as it indicates closure of regulatory proceedings related to past matters.
Impact Justification
Administrative release order for a specific recovery certificate indicating compliance completion. Limited market-wide impact, primarily affects the named entity Cavalier Securities.