Description
SEBI issues Certificate No. RC8988 of 2025 with a notice of demand against Massive Dealcomm Pvt Ltd (PAN: AAMCS2306N), now amalgamated with Smile Suppliers Private Ltd, in connection with the Thirani Projects Ltd matter.
Summary
SEBI has issued Certificate No. RC8988 of 2025 containing a Notice of Demand against Massive Dealcomm Pvt Ltd (PAN: AAMCS2306N), which has now been amalgamated with Smile Suppliers Private Ltd. This certificate pertains to the matter involving Thirani Projects Ltd and represents enforcement action under SEBI’s recovery proceedings.
Key Points
- Certificate Number: RC8988 of 2025
- Entity: Massive Dealcomm Pvt Ltd (PAN: AAMCS2306N)
- Current Status: Amalgamated with Smile Suppliers Private Ltd
- Related Matter: Thirani Projects Ltd
- Action Type: Notice of Demand under recovery certificate
Regulatory Changes
This is an enforcement action under existing SEBI recovery mechanisms and does not introduce new regulatory changes.
Compliance Requirements
- Massive Dealcomm Pvt Ltd / Smile Suppliers Private Ltd must comply with the demand notice
- The amalgamated entity (Smile Suppliers Private Ltd) assumes the liabilities of Massive Dealcomm Pvt Ltd
- Payment or compliance with the demand as specified in the certificate is required
Important Dates
- Certificate Issue Date: December 31, 2025
- Document Publication: January 2026
- Specific compliance deadlines would be mentioned in the full certificate document
Impact Assessment
This recovery certificate indicates ongoing enforcement proceedings related to Thirani Projects Ltd. The amalgamation of Massive Dealcomm Pvt Ltd with Smile Suppliers Private Ltd means the successor entity bears the financial and legal obligations. This represents high-severity enforcement action that could result in recovery of funds, penalties, or other regulatory consequences. Entities involved in similar matters or having dealings with these companies should exercise caution.
Impact Justification
Recovery certificate with notice of demand indicates enforcement action against entities involved in the Thirani Projects Ltd matter, involving amalgamated companies which suggests complex corporate restructuring and potential recovery proceedings.