Description
SEBI issues release order dated December 17, 2025 in Recovery Certificate No. 7881 of 2024 concerning Arun Panchariya in the matter of GDR issue of Winsome Yarns Limited.
Summary
SEBI has issued a Release Order dated December 17, 2025, in Recovery Certificate No. 7881 of 2024 concerning Arun Panchariya. This order relates to the matter of Global Depositary Receipts (GDR) issue of Winsome Yarns Limited. A release order typically signifies the lifting of attachment or other recovery measures previously imposed on the individual.
Key Points
- Release order issued in RC No. 7881 of 2024
- Concerns recovery proceedings against Arun Panchariya
- Related to GDR issue of Winsome Yarns Limited
- Order dated December 17, 2025
- Indicates resolution or modification of enforcement action
Regulatory Changes
No new regulatory changes introduced. This is an enforcement-related release order specific to an individual case.
Compliance Requirements
No new compliance requirements for market participants. This order is specific to the named individual in the recovery proceedings.
Important Dates
- Release Order Date: December 17, 2025
- Recovery Certificate reference: RC No. 7881 of 2024
Impact Assessment
The release order has limited market-wide impact as it pertains to individual enforcement proceedings. It may indicate:
- Conclusion of recovery proceedings against Arun Panchariya
- Partial or full satisfaction of recovery demands
- Lifting of attachment orders on assets
- Resolution of the specific matter related to Winsome Yarns Limited’s GDR issue
The order is relevant primarily to the individual concerned and has minimal direct impact on current market operations or other participants.
Impact Justification
Release order indicates conclusion or modification of recovery proceedings against an individual in a historical GDR matter, limited direct market impact