Description
SEBI cancels Recovery Certificate No. 7881 of 2024 issued against Arun Panchariya in connection with the GDR issue matter involving Winsome Yarns Limited.
Summary
SEBI has issued a cancellation order for Recovery Certificate No. 7881 of 2024 that was issued against Arun Panchariya in connection with the GDR (Global Depositary Receipt) issue matter of Winsome Yarns Limited. This order formally withdraws the recovery proceedings against the individual.
Key Points
- Recovery Certificate No. 7881 of 2024 has been cancelled
- The certificate was issued against Arun Panchariya
- Related to the GDR issue matter of Winsome Yarns Limited
- This represents closure or resolution of recovery proceedings
Regulatory Changes
No new regulatory changes introduced. This is an administrative action cancelling a previously issued recovery certificate.
Compliance Requirements
No compliance requirements for market participants. This is a specific enforcement action affecting only the named individual.
Important Dates
- Order Date: December 17, 2025
- Original Recovery Certificate: No. 7881 of 2024
Impact Assessment
Market Impact: Minimal. This is an administrative action affecting a specific individual in connection with a historical matter involving Winsome Yarns Limited.
Entity Impact: The cancellation releases Arun Panchariya from the recovery proceedings that were initiated against him. This suggests either settlement, compliance, or other resolution of the underlying matter.
Investor Impact: No direct impact on investors or market operations. This is a conclusion of enforcement proceedings against an individual.
Impact Justification
Administrative cancellation of a recovery certificate against an individual in a historical GDR matter. Limited market impact as this is a specific enforcement action closure.