Final Order in the matter of GDR Issue by Winsome Yarns Ltd.
Plain-language summary (AI-generated) — a quick read so you don't have to open the full PDF. May contain errors; the original document below is authoritative.
What is this order about?
This order concerns a penalty imposed by SEBI on Arun Panchariya related to the GDR issue by Winsome Yarns Ltd., following a remand from the Securities Appellate Tribunal regarding the quantum of penalty.
Who it concerns
Arun Panchariya
What was found or directed
- SEBI imposed a penalty of INR 15 Crore on Arun Panchariya in the SEBI Order dated May 07, 2024
- Hon'ble SAT remanded the matter to SEBI for recomputing the quantum of penalty
- SEBI's order dated October 29, 2020 had imposed a penalty of INR 25 Crore
- Hon'ble SAT partially allowed the appeal and remanded the matter to SEBI for re-examining the role of the Noticee in the second leg of the GDR transaction
- SEBI's order dated May 07, 2024 observed that the Noticee was involved in the second leg of GDR transaction and acted as conduit in defrauding Indian investors
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | ORDER/BS/CE/2026-27/32386 |
| Status | closed (section: order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |
Highlights & Points worth asking
Auto-generated, neutral observations. Auto-generated from public documents. May contain errors. Not legal or financial advice. Always verify against the linked original document. KaunZimmedar is a platform, not an authority.
No automated observations for this document. Read the documents below directly.
Documents
The original government PDF is the authoritative source — shown below, or open it full-screen in a new tab.
Order
2026-04-28
ORDER_1777365186.pdf
Tap “Open the PDF” above to view this document.
Discussion (0)
Citizens discussing these documents. A discussion space — nothing here is verified fact or an official finding. Reading is free; sign in to take part.
Open discussion (0) →