Description

SEBI issues a General Remittance Order dated April 21, 2026 under Recovery Certificate No. 4398 of 2021 against CAT Technologies Limited (PAN: AABCC9026E) in connection with its GDR issue.

Summary

SEBI has issued a General Remittance Order dated April 21, 2026 under Recovery Certificate (RC) No. 4398 of 2021 against CAT Technologies Limited (PAN: AABCC9026E) in the matter of its Global Depositary Receipts (GDR) issue. This order is part of SEBI’s enforcement and recovery proceedings to realise dues from the company.

Key Points

  • Order Type: General Remittance Order issued by SEBI
  • Recovery Certificate No.: RC 4398 of 2021
  • Entity: CAT Technologies Limited (PAN: AABCC9026E)
  • Matter: GDR (Global Depositary Receipt) issue of CAT Technologies Limited
  • Order Date: April 21, 2026
  • Issuing Authority: Securities and Exchange Board of India (SEBI)

Regulatory Changes

No new regulatory changes are introduced. This is an enforcement order under existing SEBI recovery and remittance provisions, directing remittance of dues recoverable under the Recovery Certificate issued in 2021.

Compliance Requirements

  • CAT Technologies Limited is required to comply with the General Remittance Order and remit the outstanding dues as specified.
  • The company must fulfil obligations under RC No. 4398 of 2021 related to the GDR issue matter.
  • Non-compliance may result in further enforcement action by SEBI including attachment of assets or other recovery measures under applicable law.

Important Dates

  • Recovery Certificate Issued: 2021 (RC No. 4398 of 2021)
  • General Remittance Order Date: April 21, 2026

Impact Assessment

This order has a targeted impact on CAT Technologies Limited and its stakeholders. The GDR issue matter has been under SEBI’s scrutiny since at least 2021, and this remittance order signals continued enforcement action. Investors holding securities of CAT Technologies Limited should note the ongoing regulatory proceedings. Broader market impact is minimal as this is a company-specific enforcement action.

Impact Justification

This is an enforcement/recovery action by SEBI against a specific company (CAT Technologies Limited) for dues arising from its GDR issue. While significant for the entity involved, market-wide impact is limited. Recovery Certificate proceedings indicate non-payment of prior penalties or dues.