Description

SEBI issues a Notice of Attachment dated February 25, 2026 under Recovery Certificate No. 4396 of 2021 against Dhaduvai Venkatram in connection with the GDR issue of CAT Technologies Limited.

Summary

SEBI has issued a Notice of Attachment dated February 25, 2026 under Recovery Certificate No. 4396 of 2021 against Dhaduvai Venkatram. The action arises from SEBI’s recovery proceedings in the matter of the GDR (Global Depository Receipt) issue of CAT Technologies Limited, wherein SEBI seeks to recover dues by attaching the assets of the named defaulter.

Key Points

  • Notice of Attachment issued on February 25, 2026
  • Recovery Certificate No. 4396 of 2021 is the basis for this enforcement action
  • Action is directed against Dhaduvai Venkatram
  • Underlying matter relates to the GDR issue of CAT Technologies Limited
  • SEBI’s Recovery Officer is executing the attachment as part of dues recovery

Regulatory Changes

No new regulatory changes introduced. This is an enforcement action under SEBI’s existing recovery and attachment powers pursuant to the SEBI Act and the SEBI (Recovery of Money) Regulations.

Compliance Requirements

  • Banks, depositories, and other financial institutions holding assets of Dhaduvai Venkatram are required to comply with the attachment notice
  • Attached assets must not be transferred, alienated, or otherwise dealt with without SEBI’s permission
  • Any person or institution served with this notice must acknowledge and act in accordance with its terms

Important Dates

  • Recovery Certificate date: 2021 (RC No. 4396 of 2021)
  • Notice of Attachment date: February 25, 2026

Impact Assessment

This action has no broad market impact. It is a targeted enforcement measure against an individual defaulter (Dhaduvai Venkatram) in a legacy GDR fraud case involving CAT Technologies Limited. The attachment affects only the personal/financial assets of the named individual. Investors and market participants at large are not affected.

Impact Justification

This is an individual enforcement/recovery action against a named defaulter in an older GDR fraud matter. It has no broad market or regulatory policy impact; relevance is limited to the specific party and their assets.