Final Order in the matter of GDR Issue by Winsome Textile Industries 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 addresses the re-examination of the penalty amount imposed on Arun Panchariya for his role in a fraudulent GDR issue by Winsome Textile Industries Ltd, following a Supreme Court ruling that reduced the penalty.
Who it concerns
Arun Panchariya
What was found or directed
- SEBI re-examined the penalty quantum after SAT set aside the Rs. 67 crore penalty
- Noticee involved in first leg of GDR fraud only
- SEBI must consider factors under Section 15J of SEBI Act
- SAT cited cases where penalty was Rs. 20 lakh for larger GDR issues
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | — |
| 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
2026-02-05
ORDER_1770274017.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) →