Description

SEBI issued a General Remittance Order dated February 25, 2026 under Recovery Certificate No. 4774 of 2022 against Veerbhadra Rao Danadamudi (PAN: ABVPD6656R) in the matter of Venus Power Ventures (India) Limited for recovery of dues.

Summary

SEBI issued a General Remittance Order dated February 25, 2026 under Recovery Certificate No. 4774 of 2022 against Veerbhadra Rao Danadamudi (PAN: ABVPD6656R) in connection with the matter of Venus Power Ventures (India) Limited. This order is part of SEBI’s ongoing enforcement and recovery proceedings to collect dues owed to SEBI or investors.

Key Points

  • Recovery Certificate No. 4774 of 2022 issued against Veerbhadra Rao Danadamudi (PAN: ABVPD6656R)
  • Order dated February 25, 2026
  • Matter pertains to Venus Power Ventures (India) Limited
  • General Remittance Order directs recovery of outstanding dues from the named individual
  • SEBI acting as a quasi-judicial authority to enforce its recovery certificate

Regulatory Changes

No new regulatory changes. This is an enforcement action pursuant to existing SEBI recovery and enforcement powers under the SEBI Act and the Securities and Exchange Board of India (Recovery of Amounts) Rules.

Compliance Requirements

  • Veerbhadra Rao Danadamudi is directed to remit the dues as specified in Recovery Certificate No. 4774 of 2022
  • Banks or financial institutions holding assets of the named individual may be directed to remit amounts to SEBI
  • Non-compliance may result in further enforcement actions including attachment of assets

Important Dates

  • Recovery Certificate No. 4774 of 2022: Original issuance year 2022
  • General Remittance Order Date: February 25, 2026

Impact Assessment

This order has minimal broad market impact. It is an individual enforcement action against Veerbhadra Rao Danadamudi related to Venus Power Ventures (India) Limited. Venus Power Ventures (India) Limited is not a widely traded entity, so there is no significant impact on market participants or investors beyond the parties directly involved. The action demonstrates SEBI’s continued vigilance in pursuing outstanding recovery certificates years after initial issuance.

Impact Justification

This is an enforcement/recovery action targeting a specific individual (Veerbhadra Rao Danadamudi) related to Venus Power Ventures (India) Limited. It has no broad market impact but signals continued SEBI enforcement of outstanding recovery certificates.