SEBI – Panilities & Remitence

SEBI vide Orders dated 21.05.2010 has imposed a penalty of Rs.5 lakhs on the Company. The Company vide letter dated 09.07.2010 remitted Rs. 5 lakhs through a demand draft dated 09.07.2010 bearing no. 176340, drawn on Andhra Bank in favour of "SEBI- Penalties Remittable to Government of India.