Adjudication order in the matter of Lypsa Gems and Jewellery Limited
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What is this order about?
This order addresses violations of securities regulations by Lypsa Gems & Jewellery Limited and its directors, concerning improper financial reporting and disclosure failures.
Who it concerns
Lypsa Gems & Jewellery Limited, Dipan Babulal Patwa, Manish Jaysukhlal Janani, Jeeyan Dipan Patwa, Sonal Dipan Patwa
What was found or directed
- Violations of SEBI (LODR) Regulations, 2015 and PFUTP Regulations, 2003
- Failure to provide cash flow statements in annual reports
- Failure to include consolidated financial statements
- Failure to provide auditor's report in annual reports
- Failure to provide AOC-1 and subsidiary financial figures
- Failure to obtain Certificate of Non-Disqualification of Directors
- Inflated revenue and purchase figures through related-party transactions
- Misrepresentation of financial statements for FY 2020-21 to FY 2023-24
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | Order/SM/BK/2026-27/32345-32349 |
| Status | closed (section: order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |
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Documents
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Order
2026-04-16
ORDER_1776328431.pdf
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