Description
SEBI issues General Remittance Order dated 08.01.2026 in Recovery Certificate No. 4616 of 2022 against Highland Industries Limited (PAN: AABCH4352G) for non-redressal of investor grievances.
Summary
SEBI has issued a General Remittance Order dated January 8, 2026, in relation to Recovery Certificate No. 4616 of 2022 against M/s Highland Industries Limited (PAN: AABCH4352G). This order pertains to the non-redressal of investor grievance(s) by the company, indicating ongoing recovery proceedings for outstanding dues to investors.
Key Points
- Recovery Certificate No. 4616 of 2022 against Highland Industries Limited
- Entity PAN: AABCH4352G
- Matter relates to non-redressal of investor grievances
- General Remittance Order issued on January 8, 2026
- Enforcement action under SEBI recovery proceedings
Regulatory Changes
No new regulatory changes. This is an enforcement action under existing SEBI recovery provisions for non-compliance with investor grievance redressal requirements.
Compliance Requirements
- Highland Industries Limited is required to comply with the recovery order
- The company must settle outstanding investor grievances as per SEBI directives
- Failure to comply may result in further enforcement measures including attachment of assets
- Investors with grievances against the company should follow SEBI’s recovery proceedings
Important Dates
- January 8, 2026: Date of General Remittance Order
- Recovery Certificate issued: 2022 (RC No. 4616 of 2022)
Impact Assessment
Market Impact: Limited direct market impact as this affects a specific company’s recovery proceedings.
Company Impact: High impact on Highland Industries Limited - the company faces enforcement action for failure to redress investor grievances, which may include asset attachment and restrictions on operations.
Investor Impact: Medium impact - investors with unresolved grievances against Highland Industries Limited may see progress in recovery proceedings through SEBI’s enforcement mechanism.
Compliance Impact: Serves as a warning to other listed entities regarding the importance of timely investor grievance redressal and the consequences of non-compliance.
Impact Justification
Recovery proceedings indicate serious non-compliance with investor grievance redressal. High importance due to enforcement action, medium impact as it affects a specific company.