To 

All Trading Members of the Exchange 

Sub: Final Order under Sections 11(1),11(4), 11A and 11B of the Securities and Exchange Board of India Act, 1992 and Section 12A of the Securities Contracts (Regulations) Act, 1956 in the matter of Indian Infotech & Software Limited.

SEBI vide its order no. WTM/AB/ISD/ISD-FAC/9555/2020-21 dated November 12, 2020 has inter-alia issued following directions:

• Indian Infotech and Software Limited (Noticee no. 1), Kamal Nayan Sharma (Noticee no. 2) and Mukund Bhardwaj (Noticee no. 5) are restrained from accessing the securities market and further prohibited from buying, selling or otherwise dealing in securities including units of mutual funds, directly or indirectly, or being associated with the securities market in any manner, whatsoever, for a period of 1 year from the date of this order. During the period of restraint, the existing holding of securities including units of mutual funds of these Noticees shall also remain frozen.

• Harish Joshi (Noticee no. 4) is restrained from accessing the securities market and further prohibited from buying, selling or otherwise dealing in securities including units of mutual funds, directly or indirectly, or being associated with the securities market in any manner, whatsoever, for a period of 6 months from the date of this order. During the period of restraint, the existing holding of securities including units of mutual funds of the Noticee shall also remain frozen.

• Varsha Muraka (Noticee no. 3) is restrained from accessing the securities market and further prohibited from buying, selling or otherwise dealing in securities including units of mutual funds, directly or indirectly, or being associated with the securities market in any manner, whatsoever, for a period of 3 months from the date of this order. During the period of restraint, the existing holding of securities including units of mutual funds of the Noticee shall also remain frozen.

This Order is effective from the date of the order.

A copy of the said Order is attached herewith and also available on the SEBI website www.sebi.gov.in.

Trading members are advised to take note of the same and ensure compliance.

Rajesh Dubey                                                                                                                       Avijit Sarkar                           

Associate Manager                                                                                                             Deputy Manager 

Surveillance                                                                                                                          Surveillance

Date: November 12, 2020