National Peroxide settles disclosure lapses case with Sebi for Rs 9.4 lakh

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National Peroxide settles disclosure lapses case with Sebi for Rs 9.4 lakh - Business Standard

Quick Summary:

The order came after National Peroxide Ltd filed an application in November last year with Sebi proposing to settle the instant proceedings initiated against it, without "admitting or denying the findings of facts and conclusions of law"."...the instant adjudication proceedings initiated against the noticee (National Peroxide Ltd) vide SCN dated September 10, 2024, is disposed of in terms of the settlement regulations," Sebi's adjudicating officer Asha Shetty said in the order.

Wadia group firm National Peroxide on Tuesday settled with capital markets regulator Sebi a case pertaining to the alleged violation of disclosure lapses after paying Rs 9.4 lakh in settlement amount.

The Securities and Exchange Board of India (Sebi) had initiated adjudication proceedings against National Peroxide Ltd for the alleged violation of scheme of arrangement dated June 20, 2023, under the LODR (Listing Obligation and Disclosure Requirements) rules.