Description
SEBI issues Notice of Demand under Recovery Certificate No. 9060 of 2026 dated March 10, 2026 against Geoshine Mines 2 Metals Limited and four individual defaulters for recovery of dues.
Summary
SEBI has issued a Notice of Demand under Recovery Certificate No. 9060 of 2026 dated March 10, 2026 against M/s. Geoshine Mines 2 Metals Limited and four associated individuals. The notice demands recovery of dues from the named defaulters in the matter of Geoshine Mines 2 Metals Limited.
Key Points
- Recovery Certificate No. 9060 of 2026 issued on March 10, 2026
- Primary defaulter entity: M/s. Geoshine Mines 2 Metals Limited (PAN: AABCB5955D)
- Individual defaulters: Chhotelal Shukla (PAN: CLJPS2300B), Shivanand Mishra (PAN: AJHPM9388B), Deena Nath Maurya (PAN: BJJPM1012K), and Vishwa Bandhu Vashistha (PAN: ADFPV9924N)
- Notice served under SEBI’s recovery proceedings framework
- Defaulters are collectively liable for the outstanding dues
Regulatory Changes
No regulatory changes. This is a routine enforcement and recovery action under existing SEBI recovery proceedings framework.
Compliance Requirements
- Named defaulters (Geoshine Mines 2 Metals Limited, Chhotelal Shukla, Shivanand Mishra, Deena Nath Maurya, and Vishwa Bandhu Vashistha) are required to pay the demanded amount as specified in the Recovery Certificate
- Defaulters must respond to the Notice of Demand within the stipulated timeframe
- Non-compliance may result in further recovery actions including attachment of assets
Important Dates
- Recovery Certificate issued: March 10, 2026
- Notice of Demand dated: March 10, 2026
Impact Assessment
This is a targeted recovery action against specific defaulters and has no broader market impact. The action reflects SEBI’s continued enforcement of outstanding dues through the recovery certificate mechanism. No impact on listed securities or general market participants is expected.
Impact Justification
Targeted enforcement action against specific defaulters with no broad market or regulatory policy implications.