Description
SEBI issues Notice of Demand for Recovery Certificate No. 8933 of 2025 against Pinal Rajesh Mehta (Legal Representative of Rajesh Rajnikant Mehta) in the matter of Jay Energies and S. Energies Limited.
Summary
SEBI has issued a Notice of Demand for Recovery Certificate No. 8933 of 2025 against Pinal Rajesh Mehta, who is the Legal Representative of Rajesh Rajnikant Mehta. This enforcement action relates to the matter of Jay Energies and S. Energies Limited. The notice indicates SEBI’s initiation of recovery proceedings to enforce compliance with previous orders or recover dues.
Key Points
- Recovery Certificate No. 8933 of 2025 issued against Pinal Rajesh Mehta
- Pinal Rajesh Mehta is acting as Legal Representative of Rajesh Rajnikant Mehta
- Matter relates to Jay Energies and S. Energies Limited
- Notice of Demand issued as part of enforcement proceedings
- Document issued on January 19, 2026
Regulatory Changes
No new regulatory changes. This is an enforcement action under existing SEBI recovery framework.
Compliance Requirements
- Pinal Rajesh Mehta (as Legal Representative) is required to respond to the Notice of Demand
- Compliance with the recovery certificate proceedings
- Settlement of outstanding dues or obligations as per the recovery certificate
- Entities must cooperate with SEBI’s recovery proceedings
Important Dates
- January 19, 2026: Notice of Demand issued
- Recovery Certificate No.: 8933 of 2025
Impact Assessment
This enforcement action has limited market-wide impact as it is specific to Pinal Rajesh Mehta and the entities Jay Energies and S. Energies Limited. The issuance of a recovery certificate indicates that SEBI is taking formal steps to recover dues or enforce compliance with previous orders. This demonstrates SEBI’s continued focus on enforcement and recovery actions against non-compliant entities and individuals.
Impact Justification
Recovery certificate issuance indicates enforcement action for non-compliance with SEBI orders. Impact limited to specific entities - Pinal Rajesh Mehta as legal representative and companies Jay Energies and S. Energies Limited. Medium severity as it involves legal recovery proceedings.