To

All Trading Members of the Exchange

Sub:  ORDER UNDER SECTIONS 11(1), 11(4) AND 11B OF THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992 IN THE MATTER OF ZYLOG SYSTEMS LIMITED.

In continuation to the Exchange Notice No. 20130613-22 and 20150730-29 dated June 13, 2013 and July 30, 2015 on the captioned matter.

SEBI vide its order no. WTM/SM/IVD/ID10/34/2021-22 dated June 14, 2021 has inter-alia issued following directions:

• Noticees 2 to 7 are restrained from accessing the securities market including by issuing prospectus, offer document or advertisement soliciting money from the public and are further prohibited from buying, selling or otherwise dealing in securities, directly or indirectly, or being associated with the securities market in any manner, from the date of this order, till the expiry of two years from the date of completion of open offer, as directed above. It is further clarified that the abovementioned debarment period is in addition to the period undergone by Noticees 2 to 6 in pursuance to Interim Order.

• Noticees no. 8 to 13 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 one year from the date of this order.

• The proceeding against the Noticee no. 1 is disposed of in terms of observations made at paragraph 241 above Order.

• Obligation of the debarred Noticees, in respect of settlement of securities, if any, purchased or sold in the cash segment of the recognized stock exchange(s), as existing on the date of this Order, can take place irrespective of the restraint/prohibition imposed by this Order in respect of pending transactions, if any. Further, all open positions, if any, of the aforesaid debarred Noticees in the F&O segment of the stock exchange, are permitted to be squared off, irrespective of the restraint/prohibition imposed by this Order.

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 

Regulatory Correspondence                                                                      Surveillance

Date: June 14, 2021