<ul><li>Kalyani Investment Co., a promoter group entity of Bharat Forge, has reached a settlement with SEBI regarding an alleged breach of disclosure norms by paying a settlement fee of Rs 1.12 crore.</li><li>The settlement was reached after Kalyani Investment proposed to resolve the ongoing proceedings initiated against it, without admitting or denying the facts and legal conclusions, in accordance with SEBI's settlement regulations.</li><li>SEBI initiated adjudication proceedings against Kalyani Investment for the alleged violation of Securities Contracts (Regulation) Act rules and disclosure norms.</li><li>Following the submission of the settlement application, Kalyani Investment agreed to pay Rs 1.12 crore as settlement charges, which were approved by SEBI's High Powered Advisory Committee.</li></ul>

Kalyani Investment Settles Disclosure Norm Violation With SEBI For Rs 1.12 Crore

Discover more