Markets Securities & Exchange Board
SEBI corrects order, reveals shared mobile number between Veerkrupa entities and Rajesh Shah
This is a corrigendum (correction) to a previous SEBI order dated May 29, 2026, concerning M/s Veerkrupa Jewellers Limited.
It corrects a heading and updates a specific paragraph regarding the business activities and connections of Noticee No. 9 and Noticee No. 10.
Who it concerns: M/s Veerkrupa Jewellers Limited, Noticee No. 9, Noticee No. 10, and Mr. Rajesh Shah (Director of Noticee No. 9).
What SEBI found or ordered
- Corrects the heading on page 99 of the original order to 'VII. Conclusion and Factors under Section 15J of the SEBI Act.'
- Clarifies that Noticee No. 9's business includes digital marketing, share market advice, and IPO marketing.
- States that the mobile number associated with Noticee No. 9's trading/demat accounts belongs to Mr. Rajesh Shah.
- Notes that the same mobile number was used for Noticee No. 10's accounts with brokers Marfatia Stock Broking Pvt Ltd, Pramodkumar Jain Securities Pvt Ltd, Red Ribbon Stock Broking Pvt Ltd, and Bhansali Value Creations Pvt Ltd.
- States that Noticee No. 10 is connected to Mr. Rajesh Shah, a founding director of Noticee No. 9.
Also in the document
- This document is a correction to an existing order, not a new enforcement action.
- The correction highlights a shared mobile number and connection between two entities (Noticee No. 9 and Noticee No. 10) and Mr. Rajesh Shah.
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The original document
Securities & Exchange Board of India (SEBI) — enforcement orders
Regulatory order · 2 Jun 2026
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