Description

SEBI issues a Notice of Attachment dated February 25, 2026 against Dinesh Kumar Jaiswal under Recovery Certificate No. 4395 of 2021, in the matter of the GDR issue of CAT Technologies Limited, as part of enforcement and recovery proceedings.

Summary

SEBI has issued a Notice of Attachment dated February 25, 2026, against Dinesh Kumar Jaiswal under Recovery Certificate (RC) No. 4395 of 2021. The action arises from enforcement proceedings in the matter of the Global Depositary Receipts (GDR) issue of CAT Technologies Limited. The notice is part of SEBI’s ongoing recovery proceedings to enforce outstanding dues/penalties from the respondent.

Key Points

  • SEBI issued a Notice of Attachment against Dinesh Kumar Jaiswal on February 25, 2026
  • The action is pursuant to Recovery Certificate No. 4395 of 2021
  • The matter pertains to the GDR issue of CAT Technologies Limited
  • This is an enforcement/recovery proceeding under SEBI’s recovery mechanism
  • A Recovery Certificate empowers SEBI to recover dues as arrears of land revenue

Regulatory Changes

No new regulatory changes are introduced. This is an enforcement action implementing an existing order/demand via the recovery certificate mechanism under the SEBI Act and applicable recovery rules.

Compliance Requirements

  • Dinesh Kumar Jaiswal is required to comply with the attachment notice
  • Any attached property/assets are subject to SEBI’s recovery action
  • Third parties holding attached assets must not transfer or deal with them
  • Non-compliance with a notice of attachment may attract further legal consequences

Important Dates

  • Date of Notice of Attachment: February 25, 2026
  • Recovery Certificate Reference: RC No. 4395 of 2021
  • Original Matter: GDR issue of CAT Technologies Limited (enforcement proceedings)

Impact Assessment

This notice has minimal direct market impact. It is an enforcement action specific to an individual (Dinesh Kumar Jaiswal) arising from the GDR manipulation matter involving CAT Technologies Limited — a case that has been in SEBI’s enforcement pipeline since at least 2021. The action demonstrates SEBI’s continued pursuit of recovery of outstanding dues from individuals found to have violated securities laws. Market participants and investors are not directly affected, though it reaffirms SEBI’s commitment to enforcing compliance and recovering penalties from defaulters.

Impact Justification

This is an enforcement/recovery action against an individual in an older GDR fraud matter (RC from 2021). It signals continued SEBI pursuit of dues but has limited broader market impact. Relevant primarily to the specific respondent and creditors.