SEBI Imposes ₹1 Million Penalty on Khemani Distributors Promoters

The Securities and Exchange Board of India (SEBI) has levied a penalty of ₹1 million on the promoters of Khemani Distributors and Marketing Limited for non-compliance with listing and takeover regulations. This action follows an adjudication process initiated by SEBI due to alleged violations of SEBI (LODR) Regulations and SAST Regulations. The company's promoter, Vijaykumar Khemani, recently undertook an Offer for Sale (OFS) of shares, selling up to 194,400 equity shares.

 

Sources: SEBI, BSE, Business Standard