SEBI Passes Settlement Order Against Zenith Exports Promoter Rajkumar Loyalka

The Securities and Exchange Board of India (SEBI) has issued a settlement order against Rajkumar Loyalka, a promoter of Zenith Exports Ltd. This move follows SEBI's ongoing efforts to address irregularities in the stock market. The settlement order typically involves the payment of a fine by the parties involved, allowing them to avoid further legal proceedings. Details of the specific violations and the terms of the settlement are not immediately available. This action underscores SEBI's commitment to maintaining market integrity and ensuring compliance with regulatory norms. The settlement is expected to bring closure to the matter, allowing Zenith Exports to focus on its business operations.

 

Source: The Economic Times, Business Standard, SEBI Website