Description
SEBI issued a Notice of Demand under Recovery Certificate No. 9056 of 2026 dated March 09, 2026, to Akhter Aziz Siddiqi (PAN: AIDPS0636F) as a defaulter in the matter of Fedders Electric & Engineering Limited.
Summary
SEBI has issued a Notice of Demand under Recovery Certificate No. 9056 of 2026, dated March 09, 2026, to Akhter Aziz Siddiqi (PAN: AIDPS0636F), identified as a defaulter in the matter of Fedders Electric & Engineering Limited. This notice is part of SEBI’s enforcement and recovery proceedings to recover dues as adjudicated.
Key Points
- Recovery Certificate No. 9056 of 2026 issued against Akhter Aziz Siddiqi (PAN: AIDPS0636F)
- Notice of Demand dated March 09, 2026
- Related to enforcement proceedings in the matter of Fedders Electric & Engineering Limited
- Issued under SEBI’s recovery proceedings mechanism
Regulatory Changes
No new regulatory changes. This is an enforcement action under existing SEBI recovery proceedings framework.
Compliance Requirements
- The defaulter (Akhter Aziz Siddiqi) is required to pay the demanded amount as specified in the Recovery Certificate No. 9056 of 2026
- Non-compliance may result in further enforcement actions including attachment of assets
Important Dates
- Notice Date: March 09, 2026
- Recovery Certificate Date: March 09, 2026
Impact Assessment
This notice has no broad market impact. It is targeted at a specific individual defaulter in connection with the Fedders Electric & Engineering Limited matter. The impact is limited to the named defaulter and does not affect general market participants or trading operations.
Impact Justification
This is a routine SEBI enforcement/recovery action targeting a specific individual defaulter in the matter of Fedders Electric & Engineering Limited. It has no broad market or regulatory policy implications.