Description
SEBI issues release order for Recovery Certificate No. 7720 of 2024 against N R Doshi in the matter of Safal Herbs Limited (formerly Parikh Herbals Limited).
Summary
SEBI has issued a release order for Recovery Certificate No. 7720 of 2024 against N R Doshi in the matter of Safal Herbs Limited (formerly known as Parikh Herbals Limited). This order signifies the completion of recovery proceedings or compliance with the recovery certificate requirements.
Key Points
- Recovery Certificate No. 7720 of 2024 issued against N R Doshi
- Related to the matter of Safal Herbs Limited (formerly Parikh Herbals Limited)
- Release order indicates completion of recovery or compliance obligations
- Published on December 24, 2025
Regulatory Changes
No new regulatory changes introduced. This is an enforcement action completion notice.
Compliance Requirements
The release order indicates that the obligations under Recovery Certificate No. 7720 of 2024 have been satisfied or completed as per SEBI’s recovery proceedings.
Important Dates
- Order Publication Date: December 24, 2025
- Recovery Certificate Number: 7720 of 2024
Impact Assessment
This release order has limited market impact as it relates to the completion of recovery proceedings against a specific individual (N R Doshi) in connection with Safal Herbs Limited. The order indicates resolution of the recovery matter and does not impose new obligations on market participants or other entities.
Impact Justification
Release order indicating compliance completion for a specific recovery certificate against an individual, limited market-wide impact