Description

SEBI issues a General Remittance Order dated April 21, 2026 under Recovery Certificate No. 4396 of 2021 against Dhaduvai Venkatram (PAN: AFEPD8264J) for recovery of dues arising from the GDR issue of CAT Technologies Limited.

Summary

SEBI has issued a General Remittance Order dated April 21, 2026, pursuant to Recovery Certificate No. 4396 of 2021, directing recovery of dues from Dhaduvai Venkatram (PAN: AFEPD8264J). The recovery pertains to penalties or dues assessed in connection with the Global Depository Receipt (GDR) issue of CAT Technologies Limited.

Key Points

  • Recovery Certificate (RC) No. 4396 of 2021 was issued by SEBI against Dhaduvai Venkatram.
  • PAN of the noticee: AFEPD8264J.
  • The matter arises from the GDR issue of CAT Technologies Limited.
  • A General Remittance Order is issued when a person fails to pay dues/penalties and SEBI seeks to recover amounts through bank/depository channels.
  • This order is dated April 21, 2026.

Regulatory Changes

No new regulatory changes. This is an enforcement/recovery action under existing SEBI recovery mechanisms.

Compliance Requirements

  • Dhaduvai Venkatram is required to remit the outstanding dues as specified in Recovery Certificate No. 4396 of 2021.
  • Banks, depositories, or other entities holding assets of the noticee may be directed to remit funds to SEBI pursuant to this order.
  • The noticee must comply with the remittance order to avoid further recovery proceedings.

Important Dates

  • Recovery Certificate issued: 2021 (RC No. 4396 of 2021)
  • General Remittance Order date: April 21, 2026

Impact Assessment

This order has limited broader market impact as it is an individual enforcement action against a specific person. It reflects SEBI’s continued pursuit of recovery in GDR-related fraud matters involving CAT Technologies Limited. GDR fraud cases have historically involved manipulation of share prices through fraudulent foreign investor participation, and SEBI has been actively recovering dues from individuals found liable in such matters.

Impact Justification

Individual enforcement/recovery order against a specific person for dues related to a GDR issue; limited broader market impact but relevant as SEBI enforcement action.