Description
SEBI announces the completion of recovery proceedings under Recovery Certificate No. 7462 of 2023 against Prashant Boorugu in the matter of Metkore Alloys Industries Limited.
Summary
SEBI has issued a completion notice for Recovery Certificate No. 7462 of 2023 issued to Prashant Boorugu in the matter of Metkore Alloys Industries Limited. This notice indicates that the recovery proceedings initiated against the individual have been completed.
Key Points
- Recovery Certificate No. 7462 of 2023 has been completed
- Recovery proceedings were against Prashant Boorugu
- Matter relates to Metkore Alloys Industries Limited
- Completion indicates closure of recovery action
Regulatory Changes
No regulatory changes. This is a completion notice for existing recovery proceedings.
Compliance Requirements
No new compliance requirements. This notice confirms completion of recovery proceedings.
Important Dates
- Circular Date: February 2, 2026
- Recovery Certificate Number: 7462 of 2023
Impact Assessment
This completion notice has limited market impact as it pertains to the closure of recovery proceedings against a specific individual in relation to Metkore Alloys Industries Limited. The completion indicates that SEBI’s recovery action under this certificate has concluded.
Impact Justification
Completion notice for recovery proceedings against an individual, indicating closure of enforcement action with limited broader market impact