Description

SEBI Recovery Certificate issued to Steady Capital Advisory Services Private Limited as defaulter in the matter of Jolly Plastic Industries Ltd.

Summary

SEBI has issued Recovery Certificate No. 8996 of 2026 dated January 02, 2026 against Steady Capital Advisory Services Private Limited (PAN: AATCS2130B) as a defaulter in the matter of Jolly Plastic Industries Ltd. This notice of demand is part of SEBI’s enforcement and recovery proceedings.

Key Points

  • Recovery Certificate Number: RC 8996 of 2026
  • Date of Issue: January 02, 2026
  • Defaulter: Steady Capital Advisory Services Private Limited
  • PAN of Defaulter: AATCS2130B
  • Related Matter: Jolly Plastic Industries Ltd.
  • Action Type: Notice of Demand for recovery

Regulatory Changes

No regulatory changes announced. This is an enforcement action under existing SEBI recovery provisions.

Compliance Requirements

  • Steady Capital Advisory Services Private Limited is required to comply with the recovery demand issued by SEBI
  • Failure to comply may result in further enforcement actions including asset attachment and other recovery proceedings
  • The entity must settle outstanding dues as determined by SEBI in relation to the Jolly Plastic Industries Ltd. matter

Important Dates

  • Recovery Certificate Issue Date: January 02, 2026

Impact Assessment

For Steady Capital Advisory Services Private Limited:

  • High compliance impact as the entity is identified as a defaulter
  • Potential recovery proceedings including asset attachment
  • Reputational impact from being publicly identified as a defaulter

Market Impact:

  • Limited direct market impact
  • Signals SEBI’s continued enforcement against non-compliant entities
  • Demonstrates regulatory commitment to recovery and enforcement actions

Operational Impact:

  • The defaulter entity faces potential restrictions on operations
  • May face difficulties in obtaining regulatory approvals or conducting market activities
  • Investors and counterparties may exercise caution when dealing with the identified defaulter

Impact Justification

Recovery certificate issued against defaulter for non-compliance, indicating serious enforcement action by SEBI