8h ago
SEBI fines Kalahridhaan Trendz and promoters Rs 1 crore, imposes market bans over concealed default and misleading disclosures
India’s securities regulator SEBI fined SME-listed Kalahridhaan Trendz and its promoters a total of Rs 1 crore, finding the company concealed a default on HDFC Bank credit card dues. SEBI also said the company made a false disclosure of an export order worth Rs 115.5 crore from Bangladesh-based Beximcorp Textiles without adequate due diligence. The action, taken under the LODR framework, targets disclosure lapses and governance failures and tightens scrutiny on India’s SME segment.
8h ago