Description

SEBI notifies the completion of Recovery Certificate No. 2535 of 2019 issued against Hindustan Breweries and Bottling Ltd. (PAN: AAACH0104M) for non-redressal of investor grievances, signifying the formal closure of recovery proceedings.

Summary

SEBI has issued a notice of completion of Recovery Certificate No. 2535 of 2019 (dated September 12, 2019) against Hindustan Breweries and Bottling Ltd. (Defaulter), PAN: AAACH0104M, in the matter of non-redressal of investor grievances. This circular formally marks the closure of the recovery proceedings initiated under the said certificate.

Key Points

  • SEBI notifies the completion of Recovery Certificate No. 2535 of 2019 against Hindustan Breweries and Bottling Ltd.
  • The defaulter entity bears PAN: AAACH0104M
  • The recovery proceedings were initiated in connection with non-redressal of investor grievances
  • Completion signifies that recovery action under this certificate has been fully concluded
  • This circular is related to the companion Release Order issued on March 20, 2026 for the same certificate

Regulatory Changes

No new regulatory changes are introduced. This is an administrative enforcement notice marking the formal completion of prior recovery proceedings against a specific defaulter entity.

Compliance Requirements

  • No new compliance requirements for the broader market or listed entities
  • Hindustan Breweries and Bottling Ltd. is deemed to have fulfilled the obligations under Recovery Certificate No. 2535 of 2019
  • No further recovery action will be pursued under this certificate

Important Dates

  • Recovery Certificate Issued: September 12, 2019 (No. 2535 of 2019)
  • Completion Notice Date: March 20, 2026
  • Publication Date: March 20, 2026

Impact Assessment

This completion notice has no broader market impact. It is specific to Hindustan Breweries and Bottling Ltd. and the investors who had filed grievances against it. The formal completion of the recovery certificate indicates that outstanding dues or obligations have been satisfied or otherwise resolved, concluding SEBI’s enforcement action under this certificate. Investors involved in the original grievances receive confirmation that proceedings have been formally closed.

Impact Justification

Administrative enforcement action marking the formal completion of recovery proceedings against a specific defaulter company. No broader market or regulatory impact; limited to Hindustan Breweries and Bottling Ltd. and its investors.