Description

SEBI redemption advice issued against Moongipa Investments Limited, Mr. Madhur Agarwal, Mr. Sudhir Agarwal, and Mr. Shiv Kumar Agarwal (jointly and severally liable as defaulters) under Recovery Certificate no. 8624 of 2025.

Summary

SEBI has issued a redemption advice against Moongipa Investments Limited (PAN: AAACM5584A), Mr. Madhur Agarwal (PAN: AAFPA1251Q), Mr. Sudhir Agarwal (PAN: AAFPA1250R), and Mr. Shiv Kumar Agarwal (PAN: AAFPA1252P) who are jointly and severally liable as defaulters. This action is taken under Recovery Certificate no. 8624 of 2025 issued in the matter of Moongipa Investments Limited.

Key Points

  • Recovery proceedings initiated against Moongipa Investments Limited and three individual directors/promoters
  • All named parties are jointly and severally liable for recovery amounts
  • Redemption advice issued under Recovery Certificate no. 8624 of 2025
  • Enforcement action targets both corporate entity and individuals

Regulatory Changes

No new regulatory changes. This is an enforcement action under existing recovery procedures.

Compliance Requirements

  • Named defaulters must comply with the redemption advice terms
  • Payment/settlement obligations as per Recovery Certificate no. 8624 of 2025
  • Joint and several liability applies to all named parties

Important Dates

  • Document Date: January 22, 2026
  • Recovery Certificate No.: 8624 of 2025

Impact Assessment

This redemption advice represents enforcement action against specific defaulting entities and individuals. The joint and several liability mechanism ensures SEBI can recover dues from any or all named parties. While the direct market impact is limited to the defaulters, it demonstrates SEBI’s continued focus on recovery proceedings and enforcement of compliance obligations. Investors and market participants should note that non-compliance can lead to both corporate and personal liability for promoters and directors.

Impact Justification

Redemption advice in recovery proceedings affects specific defaulting entities and their joint and several liability. Impact is limited to the named parties but represents significant enforcement action.