SEBI has issued Notice of Attachment of Bank Accounts No. 15336 of 2026, dated May 05, 2026, directing the attachment of bank accounts held by Arvind Poddar (PAN: AODPA6026K), identified as a defaulter in the matter of the IPO of Shilpi Cable Technologies Ltd. This action is taken under Recovery Certificate No. 6728 of 2023, empowering SEBI to recover outstanding dues from the defaulter.

Key Points

• Notice Number: 15336 of 2026
• Date of Notice: May 05, 2026
• Defaulter: Arvind Poddar
• PAN of Defaulter: AODPA6026K
• Recovery Certificate No.: 6728 of 2023
• Matter: IPO of Shilpi Cable Technologies Ltd
• Action: Attachment of bank accounts held by the defaulter
• Issuing Authority: SEBI Recovery Officer

Regulatory Changes

No new regulatory changes are introduced. This notice is an enforcement action under existing SEBI recovery and attachment powers, pursuant to the SEBI Act and the SEBI (Recovery of Money) Regulations.

Compliance Requirements

• Banks/Financial Institutions: Banks holding accounts of Arvind Poddar (PAN: AODPA6026K) are directed to freeze and attach the said accounts upon receipt of this notice and must not allow any debits or withdrawals from the attached accounts.
• Defaulter (Arvind Poddar): Must not operate or transact through the attached bank accounts until the attachment order is vacated or the dues under Recovery Certificate No. 6728 of 2023 are fully satisfied.
• Compliance Timeline: Immediate, upon receipt of the attachment notice.

Important Dates

• Date of Notice: May 05, 2026
• Recovery Certificate: No. 6728 of 2023 (issued in 2023)
• Attachment Order Reference: Notice No. 15336 of 2026

Impact Assessment

This notice has limited broader market impact as it is a targeted enforcement action against a specific individual. The attachment of bank accounts is part of SEBI’s ongoing recovery proceedings related to the Shilpi Cable Technologies Ltd IPO matter. The action signals SEBI’s continued pursuit of outstanding dues from defaulters linked to past IPO violations. Investors in Shilpi Cable Technologies may take note of SEBI’s active recovery efforts, though this does not materially alter the trading or compliance landscape for the broader market.