Description

SEBI remittance advice against Prakash Gupta (PAN: ARVPG7849R) and his proprietorship firm Shri Trading Co. in the matter of IPO of Eco Friendly Food Processing Park Limited under Recovery Certificate No. 8080 of 2024.

Summary

SEBI has issued a remittance advice against Prakash Gupta (PAN: ARVPG7849R) and his proprietorship firm Shri Trading Co. in connection with the IPO of Eco Friendly Food Processing Park Limited. This action is being taken under Recovery Certificate No. 8080 of 2024, indicating ongoing debt recovery proceedings.

Key Points

  • Defaulter: Prakash Gupta (PAN: ARVPG7849R)
  • Entity: Shri Trading Co. (proprietorship firm)
  • Matter: IPO of Eco Friendly Food Processing Park Limited
  • Recovery Certificate No.: 8080 of 2024
  • Action Type: Remittance advice for debt recovery
  • Document Type: Enforcement action under recovery proceedings

Regulatory Changes

No new regulatory changes. This is an enforcement action under existing SEBI recovery procedures for outstanding dues from market participants.

Compliance Requirements

  • Prakash Gupta and Shri Trading Co. are required to comply with the recovery certificate directives
  • Outstanding amounts as specified in Recovery Certificate No. 8080 of 2024 must be remitted
  • Non-compliance may result in further enforcement actions including attachment of assets and bank accounts

Important Dates

  • Document Date: December 26, 2025
  • Recovery Certificate: No. 8080 of 2024

Impact Assessment

Market Impact: Low - This is an individual enforcement action with no broader market implications.

Regulatory Significance: Medium - Demonstrates SEBI’s ongoing efforts to recover dues from defaulters in IPO-related matters and maintain market integrity.

Affected Parties: Prakash Gupta and his proprietorship firm Shri Trading Co. are subject to recovery proceedings. The action relates to the IPO of Eco Friendly Food Processing Park Limited, though the specific nature of the default (subscription amount, fees, or other dues) is not specified in the available information.

Impact Justification

Recovery proceedings against individual defaulter and proprietorship firm. High severity for the entities involved but low market-wide impact. Important for regulatory enforcement tracking.