To

All Trading Members of the Exchanges

Sub: Final Order against Shri Kavi Arora – Religare Enterprises Ltd.

SEBI vide its order no. WTM/AB/IVD/ID2/24676/2022-23 dated March 16, 2023, has inter-alia issued following directions:

• The Noticee no. 12 is restrained from accessing the securities market and further prohibited from buying, selling or otherwise dealing in securities, directly or indirectly, or being associated with the securities market including as a director or Key Managerial Personnel in a listed company or an intermediary registered with SEBI of any Market Infrastructure Institution, for a period of two (02) years, from the date of coming into force of this order.

• The obligation of the Noticee no. 12, restrained/ prohibited by this Order, 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 coming into force of this Order, are allowed to be discharged irrespective of the restraint/prohibition imposed by this Order. Further, all open positions, if any, of the Noticee no. 12, restrained/prohibited in the present Order, in the F & O segment of the recognised stock exchange(s), 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

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

Jeevan Noronha                                                                                            Vinayak Bhalavi

Regulatory Correspondence                                                                     Regulatory Correspondence                                                        

Date: March 16, 2023