Markets Securities & Exchange Board
SEBI revokes interim restrictions on Ms. Rekha Kurani in V Marc India IPO case
This order revokes previous interim restrictions placed on Ms. Rekha Kurani regarding the securities market, as SEBI's detailed investigation could not establish her involvement in the irregularities of V Marc India Limited's IPO.
Who it concerns: Ms. Rekha Kurani (PAN: AQCPK5061H); V Marc India Limited (context of the IPO irregularities)
What SEBI found or ordered
- SEBI found that the involvement of Ms. Rekha Kurani in the IPO irregularities could not be established.
- All directions issued in the Interim Order dated February 28, 2024, against Ms. Rekha Kurani are revoked with immediate effect.
- The revocation includes lifting the restraint on buying, selling, or dealing in the securities market.
- The revocation includes lifting the direction to impound and deposit wrongful gains into an Escrow/Savings Account.
- The order is to be served on Ms. Rekha Kurani and copies sent to Stock Exchanges, Banks, and Depositories.
Also in the document
- The original restrictions were interim measures based on prima facie findings to protect investors.
- The revocation is specific to Ms. Rekha Kurani; the order does not state whether restrictions on the other 11 entities mentioned in the Interim Order have been revoked.
How this was written
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The original document
Securities & Exchange Board of India (SEBI) — enforcement orders
Regulatory order · Ref. WTM/AS/IVD/ID8/31730/2025-26 · 7 Oct 2025
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