Tax & Penalty5 Nov 2026, 08:41 pm
Swastika Investmart fined ₹10 Lakh by SEBI
AI Summary
Swastika Investmart Ltd has received an adjudication order from SEBI imposing a monetary penalty of ₹10,00,000 (Rupees Ten Lakh Only). The penalty is for non-compliances observed during the inspection of the company's Merchant Banking activities for the period April 1, 2023, to March 31, 2025. These non-compliances were primarily related to SME IPO assignments, takeover offers, and record maintenance. The company plans to file an application for settlement. The financial impact is limited to the penalty amount, with no other material impact on the company's financial position or operations.
Key Highlights
- SEBI imposed a ₹10 Lakh penalty on Swastika Investmart.
- Penalty relates to non-compliance in Merchant Banking activities.
- Company to seek settlement with SEBI.
- No other material financial or operational impact.
Price Impact
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