Description

SEBI issues a completion certificate for Recovery Certificate No. 7700 of 2024 against M. Hemasairam (PAN: ANLPM1562B) in the matter of Arvind Remedies Limited, confirming the conclusion of recovery proceedings.

Summary

SEBI has issued a completion certificate for Recovery Certificate No. 7700 of 2024, which was issued against M. Hemasairam (PAN: ANLPM1562B) in the matter of Arvind Remedies Limited. This completion certificate formally records that the recovery proceedings initiated under the certificate have been concluded — typically following full payment of dues or other lawful resolution. It is issued alongside a companion release order (circular ID: 25e94e5ddc316960) for the same certificate, together signalling the end of enforcement action against this individual.

Key Points

  • Recovery Certificate No. 7700 of 2024 issued against M. Hemasairam (PAN: ANLPM1562B) is now marked as completed
  • The matter pertains to Arvind Remedies Limited
  • A companion release order (circular ID: 25e94e5ddc316960) was issued simultaneously, releasing the certificate from active enforcement
  • Completion signifies that SEBI’s recovery demand against the named individual has been satisfied or otherwise resolved
  • No new obligations or restrictions are imposed on market participants by this order

Regulatory Changes

No regulatory changes are introduced. This is a routine administrative enforcement document specific to the named individual and the Arvind Remedies Limited matter.

Compliance Requirements

  • No general compliance requirements arise for market participants from this order
  • The completion certificate concludes SEBI’s outstanding enforcement action against M. Hemasairam under Recovery Certificate No. 7700 of 2024
  • Parties involved in the Arvind Remedies Limited proceedings should note the formal closure of this recovery action

Important Dates

  • Recovery Certificate No. 7700 originally issued: 2024
  • Completion certificate issued: May 11, 2026

Impact Assessment

This order has minimal market impact. It is a routine administrative closure of an enforcement/recovery proceeding against a named individual in connection with Arvind Remedies Limited. No trading restrictions, listing changes, or broader compliance obligations result from this completion certificate. The impact is limited solely to the named respondent, M. Hemasairam (PAN: ANLPM1562B).

Impact Justification

Administrative closure of an individual recovery certificate. No broader market impact; affects only the named respondent M. Hemasairam in connection with the Arvind Remedies Limited matter. Issued alongside a companion release order (ID: 25e94e5ddc316960) for the same certificate.