To

All Trading Members of the Exchanges

Sub: Order in the matter of Ravindra Bharti Education Institute Private Limited.

In continuation to the Exchange Notice No. 20240405-42 dated April 05, 2024, on the captioned matter.

SEBI vide its order no. WTM/AB/MIRSD/MIRSD-SEC-1/31032/2024-25 dated December 10, 2024, has inter-alia issued following directions: 

·         Noticees 1 to 5 are restrained from accessing the securities market 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, whatsoever, till April 4, 2025. If the Noticees have any open position in any exchange traded derivative contracts, as on the date of the order, they can close out /square off such open positions within 7 days from the date of this order. The Noticees are permitted to settle the pay-in and pay-out obligations in respect of transactions, if any, which have taken place before the close of trading on the date of this Order. It is clarified that during the period of restraint, the existing holding of securities, including the units of mutual funds, of the Noticees shall remain under freeze in respect of the aforesaid debarred Noticees.

·         If Noticees1 and 2 fail to disgorge the amount referred in para 79.1 above, the directions provided in para 79.2 and 79.3above shall continue against them for a further period of 5 years or till such time as the said amount is disgorged, whichever is earlier

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.

Umesh Hanjankar                                                                                        Roshani Shinde

Investigation                                                                                                 Regulatory Correspondence

Date: December 10, 2024