To

All Trading Members of the Exchange

Sub:  FINAL ORDER UNDER SECTIONS 11(1), 11(4), 11B AND 11D OF THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992, in the matter of Trade Money Research and its sole proprietor Shri Kamlesh Verma.

In continuation to the Exchange Notice Nos. 20200210-45 dated February 10, 2020 on the captioned matter.

SEBI vide its order no. WTM/AB/WRO/WRO/11629/2021-22 dated April 30, 2021 has inter-alia directed that the Noticees are debarred from accessing the securities market, directly or indirectly and are prohibited from buying, selling or otherwise dealing in the securities market, directly or indirectly in any manner whatsoever, for a period of 2 (two) years from the date of this order or till the expiry ot 2 (two) years from the date of completion of refunds to investors as directed in paragraph 12(a) above, whichever is later.

This Order is effective from the date of the order.

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

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

Jeevan Noronha                                                                                          Roshani More          

Senior Manager                                                                                           Assistant Manager  

Surveillance                                                                                                  Surveillance

Date: April 30, 2021