Legal5 Jun 2026, 06:41 pm
Vivid Mercantile: SEBI Order Imposes ₹10 Lakh Penalty, ₹40.8 Lakh Disgorgement
AI Summary
Vivid Mercantile Ltd has received an order from the Securities and Exchange Board of India (SEBI) alleging violations of SEBI Act and PFUTP Regulations. The company and its Director, Mr. Satish Ramanlal Gajjar, are implicated. Mr. Gajjar has been fined ₹10 lakhs, and the company must disgorge ₹40,84,556. Both have been barred from the securities market for five years. Vivid Mercantile is currently assessing the impact of this order on its operations and financials.
Key Highlights
- SEBI imposes ₹10 lakh penalty on Director Satish Gajjar.
- Company ordered to disgorge ₹40.84 lakh.
- Company and Director banned from securities market for 5 years.
- Allegations involve violations of SEBI Act and PFUTP Regulations.
- Company is evaluating the order's impact.
Price Impact
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