02/23/2023 | Press release | Distributed by Public on 02/23/2023 09:47
Notice No. | 20230223-41 | Notice Date | 23 Feb 2023 | |||
Category | Compliance | Segment | General | |||
Subject | SAT Order in the matter of Soma Textiles & Industries Limited | |||||
Attachments | Soma Textiles.PDF ; | |||||
Content |
To<_o3a_p>
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All Trading Members of the Exchange<_o3a_p>
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Sub: SAT Order in the matter of Soma Textiles & Industries Limited.<_o3a_p>
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In continuation to the Exchange Notice No. 20210208-33 dated February 08,2021 on the captioned matter.<_o3a_p>
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The Hon'ble Securities Appellate Tribunal (SAT) vide its order dated February 22, 2023, had inter-alia stated that, the WTM has debarred the Company for a period of 3 years while affirming the violation committed by the Company, we are of the opinion that the debarment is reduced to the period undergone.<_o3a_p>
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Trading members are advised to take note of the same and ensure compliance.<_o3a_p>
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Jeevan Noronha Shubham Benere<_o3a_p>
Regulatory Correspondence Regulatory Correspondence <_o3a_p>
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Date: February 23, 2023<_o3a_p>