Adjudication Order in the matter of Shubhlaxmi Jewel Art Limited
What is this order about?
SEBI found that the promoters of Shubhlaxmi Jewel Art Limited violated the SAST Regulations by not making an open offer after their shareholding increased by more than 5% through a preferential allotment of shares.
Who it concerns
Narendrasinh J Chauhan, Soham Narendrasinh Chauhan, Ranjitsinh Gambhirsinh Solanki, Jagrutiben N Chauhan, Jignasha Ranjitsinh Solanki, Vilasben Ashokkumar Parmar, Kajal Jitendrakumar Chauhan, Jitendrakumar J Chauhan
What was found or directed
- Violated Regulation 3(2) of SAST Regulations
- No open offer made after shareholding increased by more than 5%
- Promoters and promoter group deemed as Persons Acting in Concert (PACs)
- Monetary penalty under Section 15H of SEBI Act
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | Order/AK/DS/2026-27/32412-32419 |
| Status | closed (section: order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |
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