Kiri Ind settles case with SEBI
Issue pertains to violation of disclosure norms
Chemicals firm Kiri Industries and its two promoters have settled with SEBI a case related to alleged disclosure lapses on payment of nearly ₹11 lakh.
The promoters are Manish Kiri and Anupama M Kiri.
The regulator had initiated adjudication proceedings against the three entities for allegedly violating disclosure norms under its regulations, including PIT and SAST.
The settlement terms as proposed by the three entities were considered by the regulator’s High Powered Advisory Committee, which recommended the case for settlement on payment of ₹5.90 lakh by Anupama M Kiri, ₹2 lakh by Manish Kiri and ₹2.89 lakh by Kiri Industries.