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TMI Blog2014 (12) TMI 1434X X X X Extracts X X X X X X X X Extracts X X X X ..... Period is given below: 3. On November 09, 2012 Moryo had made preferential allotment of its 63,50,000 shares at the price of Rs.25/- per share to 42 persons (list provided in Annexure A). On January 15, 2013, the shares of Moryo were split in the ratio of 1:2. Consequent to these action of Moryo its total number of paid up shares increased by 12,700,000 shares in FY 2012-13. The shares allotted on preferential basis to aforesaid allottees were locked -in for a period of year till November 08, 2013 in terms of Securities And Exchange Board Of India (Issue of Capital And Disclosure Requirements) Regulations, 2009. Thus, these shares held by the said 42 allottees pursuant to preferential allotment and split were not tradable till November 08, 2013. 4. It was further noted that Moryo had been consistently incurring losses and during FY 201112, FY 2012-13 and FY 2013-14 it had reported losses of Rs.91,043/-, Rs.1,32,370/- and Rs.1,428,739/-, respectively. It was observed that its revenue had increased to Rs.5,34,91,444 during FY 20112-13 as against its revenue of Rs.1,10,00 during FY 2011-12. The company's revenue were generated out of its share trading activities which were excl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ributed in volume of Moryo during the Examination Period. A set of such entities (given at Annexure - B and hereinafter referred to as the "Moryo Group") was shortlisted on the basis of following parameters, viz. A. Top entities based on gross buy/trade quantity; B. Top entities based on positive contribution in last traded price (hereinafter referred to as "LTP"); C. Promoters/Directors of Moryo who transacted with other members of Moryo Group by way of funds / securities or, had any other relationship with them. 7. During Patch 1(January 15, 2013 to November 08, 2013), the scrip opened at Rs.93.4(post-split price) on January 17, 2013 and closed at Rs 101 on November 08, 2013. The scrip touched a high of Rs.138.6 during this period. During this period, involving 107 trading days, the scrip was traded with an average of 1363 shares per day and an average of 3 trades per day. It was observed that Moryo Group contributed significantly to the volume traded during this period. It is observed that it contributed 34.87% to the gross trade and 69.76 % to the gross buy in Patch 1.The trades of Moryo Group during Patch 1 is given below: Table: I Client Pan Client Name Gross Buy V ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... AADCR6342Q Romy Realty Private Limited 13.5 13.5 33 1231 AAECG9026 D Garth Mercantile Private Limited 63.7 35.2 59 6516 AAGPK7011H Shivkumar Kaushik 14.2 14.2 8 200 AAJCM1338F Mahasvin Trading Private Limited 20.1 20.05 3 41 AASCS6284R Shivsathi Mercantile Private Limited 18.65 18.65 6 76 AAWHS0331J Sanjay Jethalal Soni HUF 13 13 3 272 ADMPP1798B Anand Kamalnayan Pandit 35.2 35.2 19 211 AHDPD3526G Amul Gagabhai Desai 27.45 12.05 5 196 ANDPC7557J Suryakant Chanpur 9.55 9.55 12 59 ANGPJ6430Q Saurabh Surendra Jadhav 15.35 15.35 4 66 BVSPS9740P Soni Krupa Sanjay 28.6 21.55 6 505 BVSPS9741N Sanjay Jethalal Soni 20.6 20.6 5 64 11. During the same period, the allottees were found to be selling and in the process gaining a huge profit/gain. It is observed that 38 allottees made a collective profit of Rs.141.3 Crores on a collective investment of Rs.9.3 Crores, a whopping 1519 % increase in their investment in a period of 20 months (including the lock in period). The cost of investment being the allotment price multiplied by the number of shares sold. This profit was obtained in a stock where the fundamentals/financial ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ,000 1,05,92,000 Rajeev Kumar Agarwal 60000 7,50,000 1,15,44,000 1,07,94,000 Priti Akhilesh Mehta 53102 6,63,775 94,92,005 88,28,230 Naresh Kumar Chandan 42000 5,25,000 77,29,000 72,04,000 Devendra Mangturam Jalan 41000 5,12,500 81,34,900 76,22,400 Sanjeev Jugalkishore Chirania 40000 5,00,000 91,34,155 86,34,155 Manish Suresh Shah 30000 3,75,000 63,14,000 59,39,000 Nirav Anil Shah 30000 3,75,000 64,33,500 60,58,500 Total 7480122 9,35,01,525 1,50,67,51,835 1,41,32,50,310 12. The transactions wherein the entities of Moryo Group bought most of the shares sold by the allottees cannot be just a coincidence particularly when sellers have nexus with Moryo and its promoters/directors and buyer are entities connected with Moryo and its promoters directors. From the analysis presented for Patch 1, it was established that the shares of Moryo were not in demand by the general investors of the market and saw very low volume on most of the trading days and hence could not have commanded the price as observed in Patch 2. In any market, a sudden supply if not matched by similar demand leads to price fall. Considering the same, any rational investor would n ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rds working capital or setting up office abroad or for marketing. Further in the common business parlance general corporate purposes provide the framework for ongoing decisions and activities of the business. In this case, as discussed above, Moryo did not have any business operations during relevant period. 16. On examination it was observed that most of the companies mentioned at Table V had a common promoter, i.e., Mr. Giriraj Kishore Agarwal (GKA). Companies mentioned at Sr. no. 1 to 6 in the above Table in which Moryo invested and entities mentioned at Sr. no. 1 to 6 to whom loans and advances were given, are connected to Mr. Giriraj Kishore Agarwal. It was submitted by Moryo during the preliminary inquiry that all its aforesaid loans and advances granted, were without any loan agreement. Such informal financing arrangement without any documentation clearly indicates that these entities were known or connected to Moryo. 17. From Annexure B it is observed that entities of Moryo Group who were providing exit to the allottees were also closely related to Mr. Giriraj Kishor Agarwal. The entities receiving funds from Moryo as aforesaid had funds transfers with the entities of Mor ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Keshariya Metal Pvt. Ltd 11970000 Samay Corporation 2500000 Petrel Trades Pvt. Ltd 4700000 Flannery International 5900000 Arvind Broking Co 3000000 Total 95875000 Total 106400000 Deepak S Chavan - Funds Flow Vis-à-vis Trade In Moryo Fund received from Total Credit Funds transferred to Total Debit Artiya Enterprises 5650000 Sampoorna Portfolio 80658750 Kamalpushap Barter 2000000 Vinayaka Enterprises 900000 Meghdoot Trading 25450000 Vinit Enterprises 1623750 V M Traders 4913250 Vijaya Enterprises 17025000 Umesh Tiwari 16787000 Kartick Kamila 3050000 Kajal Trading 7950000 Hardsoft Realcon 2500000 Bohra Brothers 1000000 Bhavya Enterprises 3500000 Mahasvin Trading 3700000 Total 96049000 80658750 19. From Table VI, it is observed that the bank account of the above mentioned entities had a huge inflow of funds from different entities and th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ame address as of Confidence trading company, as mentioned in his application for the issue of preferential shares. 22. SEBI had also received a reference from the office of the director of Income Tax (Investigation), Kolkata , regarding usage of preferential allotment route for claiming long term capital gains (LTCG). From the information received from director of Income Tax it is noted that one operator Mr. Deepak Patwari, had confessed that he controls 7 paper/shell companies including a company named 'Elect Coal Pvt.. Ltd.'. During the preliminary inquiry in the instant case, SEBI observed that Romy Realty Pvt.. Ltd., an entity belonging to Moryo Group has made off market transfers to Elect Coal Pvt.. Ltd. These facts and circumstance indicate that Romy Realty Pvt.. Ltd. is also a part of such operator based activities in the securities market. 23. From the above examination and factors as described in Annexure B, I note that the allottees, Moryo and Moryo Group entities are connected to each other. In this regard, I note that the Hon'ble SAT has, in many cases such as Classic Credit Ltd. vs. SEBI (SAT Appeal no. 68/2003, Order dated December 8, 2006), Classic Cre ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e facts and circumstances of this case, I am of the view that preferential allotment was used as a tool for implementation of the dubious plan, device and artifice of Moryo Group and allottees. One could argue that in the order to make LTCG , the preferential allottees in question could have bought in secondary market and waited for a year before selling the shares. In the instant case, probably the preferential allotment route was preferred over secondary market route because the share capital of Moryo prior to preferential allotment was very small, i.e., 1,900,190 shares (Face Value: Rs.10) to accommodate the required fictitious LTCG of Rs.141 crore approximately. As such the capital expansion through preferential allotment and stock split provided much bigger source to the persons involved in terms of volume and price manipulation to facilitate the whole operation. 27. Since prior to the trading in its scrip during the Examination Period, Moryo did not have business or financial standing in the securities market, in my view, the only way it could have increased its share value is by way of market manipulation. In this case, it is noted that the traded volume and price of the sc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... UTP REGULATIONS, 2003 Prohibition of certain dealings in securities 3. No person shall directly or indirectly- (a) buy, sell or otherwise deal in securities in a fraudulent manner; (b) use or employ, in connection with issue, purchase or sale of any security listed or proposed to be listed in a recognized stock exchange, any manipulative or deceptive device or contrivance in contravention of the provisions of the Act or the rules or the regulations made there under; (c) employ any device, scheme or artifice to defraud in connection with dealing in or issue of securities which are listed or proposed to be listed on a recognized stock exchange; (d) engage in any act, practice, course of business which operates or would operate as fraud or deceit upon any person in connection with any dealing in or issue of securities which are listed or proposed to be listed on a recognized stock exchange in contravention of the provisions of the Act or the rules and the regulations made there under. "4. Prohibition of manipulative, fraudulent and unfair trade practices (1) Without prejudice to the provisions of regulation 3, no person shall indulge in a fraudulent or an unfai ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vestors in the securities market. 31. In this case it is noted that as on November 15, 2014 the allottees are still holding 4032070 shares of Moryo that were allotted to them in the aforesaid preferential allotment. The price of the scrip is still around Rs.225 per share which is 9 times more than the allotment price. Unless prevented they may use the stock exchange mechanism in the same manner as aforesaid for the purposes of their dubious plans as prima facie found in this case. In my view, the stock exchange system cannot be permitted to be used for any unlawful/forbidden activities. Considering these facts and the indulgence of a listed company in such a fraudulent scheme, plan, device and artifice as prima facie found in this case, I am convinced that this is a fit case where, pending investigation, effective and expeditious preventive and remedial action is required to be taken by way of ad interim ex parte in order to protect the interests of investors and preserve the safety and integrity of the market. 32. In view of the foregoing, in order to protect the interest of the investors and the integrity of the securities market, I, in exercise of the powers conferred upon me ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... AAFHM0782E 49 NIRAV ANIL SHAH ANISHA NIRAV SHAH AAIPS1195G MORYO GROUP 50 GARTH MERCANTILE PRIVATE LIMITED . AAECG9026D 51 ROMY REALTY PRIVATE LIMITED/ NIDHI DHANUKA AADCR6342Q 52 SURFACE FINANCE PVT. LTD AABCS1202L 53 OLYMPIA MULTITRADING PRIVATE LIMITED . AABCO7262J 54 ISAIRIS TRADING PRIVATE LIMITED . AADCI0407P 55 ANAND KAMALNAYAN PANDIT ADMPP1798B 56 SAVITA SONAVANE/ RUPAK DEVELOPERS PVT. LTD AADCR6341P 57 SAMSKARA SALES AGENCY PRIVATE LIMITED AATCS7717A 58 SHIVKUMAR KAUSHIK AAGPK7011H 59 GULMOHAR DEALCOM PRIVATE LIMITED AADCG9091K 60 TUSHAR R RANE AJCPR9314H 61 SAURABH SURENDRA JADHAV ANGPJ6430Q 62 TISHA TUSHAR RANE AHRPK8922D 63 SONI KRUPA SANJAY BVSPS9740P 64 MANGESH MADHUKAR DHOTRE AJPPD8297E 65 DEEPAK SURYAKANT CHAVAN AJAPC0258P 66 TOPWELL PROPERTIES PRIVATE LIMITED AADCT8403C 67 SANJAY JETHALAL SONI (HUF) SANJAY JETHALAL SONI (HUF) AAWHS0331J 68 ESAAR INDIA LTD AABCE0478J 69 SURYAKANT CHANPUR ANDPC7557J 70 HELPFUL INVESTMENT ADVISORY PRIVATE LIMITED AACCH4303G 71 WAKIL RAJBHAR AOSPR9100E 72 TANU GIRIRAJ AGARWAL AADPA7003J 73 SADAKIRTI DEALER PVT. LTD AANCS5873M 74 KAMALAKSHI FINANCE CORPORATI ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... L ACSPA5647B AAJPA1839J 200000 400000 20 PRITI A MEHTA ALAPM5609E 50000 100000 21 SHIVSHANKER C JOSHI GEETABEN S. JOSHI AAEPJ8684M AAJPJ8345A 150000 300000 22 JITENDRA DHIRAJLAL VORA VARUN YOGESH VORA MANTHAN MAHISH VORA AABPV8208Q AFBPV3801J AIAPV6436F 100000 200000 23 NARESH B KHATAR AGYPK5408L 200000 400000 24 VIJAY HASMUKRAI BHAYANI AAEPB8868P 100000 200000 25 SACHIN GOKULDAS MEHTA AACPM6569J 100000 200000 26 CHITAN NARENDRA SHAH DIPANI CHINTAN SHAH AKIPS1272J AMVPS8322G 100000 200000 27 JAYESH POATLAL SHAN KALPANA JAYESH SHAH AAGPS4118M ABDPS8106P 100000 200000 28 JUGAL KISHRE CHIRANIA-HUF AABHJ8023M 300000 600000 29 SANJEEV CHIRANIA HUF AARHS4527D 300000 600000 30 SUDHEER CHIRANIA HUF AARHS4528N 300000 600000 31 DEVANG BHUPENDRA SHAH DEVAL DEVANG SHAH AADPS1211L 100000 200000 32 JAIDEV GUPTA HUF AAFHJ5373N 200000 400000 33 VINOD KUMAR GUPTA HUF AAAHV5024M 200000 400000 34 SUMIT GUPTA AABPG7826K 100000 200000 35 DEEPAK SARAF HUF AAFHD0142R 100000 200000 36 AMIT JALAN AFDPJ7855G 100000 200000 37 SUMIT JALAN AFDPJ7853A 100000 200000 38 YASH JALAN AHIPJ7654E 100000 200000 39 DEVEND ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... kla Compound, Dahisar (E) - 400068 7 Surface Finance Pvt. Ltd (AABCS1202L) F-15, Lokmanya Shopping Centre, Shivaji Chawk, Staion Road, Bhayander (W), Thane - 401101 9323244404 surfacefin@g mail.com Dauji Laddoo Chaturved - T1- 113, Link Garden Tower Oshiwara, New Link Road, Andheri (West), Mumbai, 400053 Amit Gulecha - A 104, Pramukh Heights, 48 Amboli Hill, Behind Country Club, Veera Desai Road .Andheri Wes, Mumbai, 400058, Maharashtra, INDIA 8 Fragrant Multitrading Private Limited (AABCF9874H) 9, Sharafali Building, Next to V.K. Industry, Opp. Taj Quarter Pais Street, Byculla (W), Mumbai - 400011 8452042447 fragrantmultitr [email protected] n Anadiben Gangji Ravariya - Shop No. 6, Badhut CHS, Datta Mandir Road, Vakola Bridge, Santacruz (E), Mumbai - 400055 Laxmi Vishnu Borude - Rajiv Nagar, Vakola Pipe Line, Gavdevi, Santacruz (E), Mumbai - 400055 9 Five X Finance & Investment Limited (AABCF5412H) E-109, Crystal Plaza, New Link Road, Opp. Fame Adlabs, Andheri (W), Mumbai - 400053 9322224089 fivexfinance@ gmail.com Girraj Kishor Agarwal - 3A, 1601/1602, Green Acres, Lokhandwala Complex, Andheri ( W), ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... anvelpada Road, Virar (E),, THANE, 401303, Maharashtra, INDIA Manoj Naginlal Jain -602/a, mangal murti, liberty garden road no. 1,, malad west,, mumbai, 400064, maharashtra, india 16. Banas Finance Limited E-109, Crystal Plaza, New Link Road, Andheri, Mumbai400053 9322224089 banasfin@gm ail.com Girraj Kishor Agarwal - 3A, 1601/1602, Green Acres, Lokhandwala Complex, Andheri ( W), Mumbai, 400053 Tanu Girraj Agarwal - 3A, 1601/1602, Green Acres, Lokhandwala Complex, Andheri ( W), Mumbai, 400053 17 Out of City Travel Solutions Ltd/Tilak Finance Ltd E-109, Crystal Plaza, New Link Road, Andheri, Mumbai400053 9322224089 tilakfin@gmai l.com Girraj Kishor Agarwal - 3A, 1601/1602, Green Acres, Lokhandwala Complex, Andheri ( W), Mumbai, 400053 tushar rane-room no. 5, parshuram thakur chawl,, kandar pada , dahisar (e), mumbai, 400068, maharashtra, india madhu rajkumar goel-a/102, bhalchandra complex, sudarshan cross lane, navghar road, bhayander (east), thane, mumbai, 401105, maharashtra, india Tejas Hingu-G-401, Modi Park Building,, Irani Wadi Road No.3, Kandiwali (West),, Mumbai, 400067, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Ltd (AACCS7980C) 5/519, Navjivan Commercial Society,Laming ton Road, Mumbai400008 Sampadache m2010@gmai l.com Vipul Vidur BhattRoom no. 44, 3rd Floor Jariwala Bld, Arthur Road, Tardeo,, Mumbai - 400034 , Bijal Vipul Bhai Bhatt- Room no. 44, 3rd Floor Jariwala Bldg, Tardeo,, Mumbai, 400034 24 Samskara Sales Agency Pvt. Ltd (AATCS7717A) 7, Floor-1, Plot 83/84, Moti Bhawan, Marin 4th Street, Gol Maszid, DhobiTalav, Kalbadevi, Mumbai-400002 samskarasales @gmail.com Yogesh Vitthal Jadhava/404,Adaivad Aparment,Diva Shil Road,, Ganraj nagar,Diva Post(Diva), Thane, 400612 Ganesh Eknath Chandanshive- a/4- 406,Vignaharta Chs,Near Kanjurmarg Railway Station,Karve nagar,Kanjur Marg - (East), Mumbai, 400042 25 Gulmohar Dealcom Pvt. Ltd (AADCG9091K) om Bhawan, 54/5A Strand Road, KOLKATA700006 vchirawa@g mail.com Vimal Sharma- 29, Shrimo Ke Pas, Ward Nana 14, Tehsil : Chirawa, Dist - Jhunjhunu, Chirawa, 333026, Rajasthan Lipika BhattacharjeeRs.- Rabindrapally Rajarhat Gopalpur, 24 Parganas (North), Rajarhat, 700102, West Bengal 26 Goodpoint Impex Pvt. Ltd (AAFCG0606G) loco colony, 6 sadar ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d 9Sr.No.19), Kayaguru Capital Market Pvt. Ltd (Sr. No.18), Out of City Travel Solutions Ltd (Sr. No.17) & Banas Finance Ltd (Sr.No.16) have common address viz. E-109, Crystal Plaza, New Link Road, Opp Infinity Mall, Andheri (W), Mumbai - 400053, common phone no viz. 9322224089 and common Directors viz. Girraj Agarwal & Tanu Agarwal. iv) The MCA details of Insight Multitrading Pvt. Ltd (Sr. No.4) & Fragrant Multitrading Pvt. Ltd (Sr.No.8) do not match with respect to the address of the directors as provided in KYC details. As per the KYC details, director of Insight Multitrading Pvt. Ltd Ltd (Sr. No.4) viz. Gangji Ganesh Ravariya & Fragrant Multitrading Pvt. Ltd (Sr. No.8) viz. Andiben Gangji ravariya have common address viz. Shop No. 6, Badhut CHS, Datta Mandir Road, Vakola Bridge, Santacruz (E), Mumbai - 400055. v) Limestone Properties Pvt. Ltd (Sr.No.1) & Topwell Properties Pvt. Ltd (Sr.No.2) have same address and email id viz. 95A, C R Avenue, 1st Floor, Kolkata, West Bengal - 700073 & [email protected] respectively. Chiranjit Mahant is a common director in both the entities. Topwell Properties Pvt. Ltd (Sr.No.2) & Helpful Investment advisory Pvt. Ltd (Sr.No.29) have ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... August 23 , 2014 On analyzing bank statement of the client for the period during which client has traded, having bank account in Axis Bank, Mumbai branch having account no. 415010200002349, it was observed that client had received / transferred funds from / to various entities including Garth Mercantile Pvt. Ltd Insight Multitrading Pvt. Ltd, Romy Realty Pvt. Ltd, Moryo Industries Pvt. Ltd, Kamalakshi Finance Coproration Ltd, Surface Finance Pvt. Ltd, Perfect Corporate Services, Dhananjay Enterprises, & Somnath Corporation . 3 Moryo Industries Ltd (AACCM5166G) June 04, 2013 to August 07, 2013 C On analyzing bank statement of the client for the period during which client has traded, having bank account in Axis Bank, Mumbai branch having account no.912020048334949, it was observed that the client has received / transferred funds from/to various entities including Essar India Ltd, Rupak Developers Pvt. Ltd, Five X finance & Investment Ltd, Insight Multitrading, Fragrant Multitrading Pvt. Ltd,Giriraj Kishor Agarwal, Kayaguru Insurance Broker, Kayaguru Wellness Pvt. Lt, Shreenath Commercial & Finance Ltd, Rockon Fintech Ltd,Kamalakshi Finance Corporation Ltd , & Handful Investrade ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 9 Isairis Trading Private Limited. (AADCI0407P) February 26, 2014 & March 14, 2014 On analyzing bank statement of the client for the period during which client has traded, having bank account in, Axis Bank Mumbai branch having account no.913020052229955, it was observed that the client has received / transferred funds from/to various unidentified entities. However, none of the entities was observed to be dealing in the scrip or prima facie connected / related to the entities dealing in the scrip or to the Company. 10 Garth Mercantile Private Limited (AAECG9026D) June 01, 2013 to July 31, 2014 On analyzing bank statement of the client for the period during which client has traded, having bank account in The Bharat Co-op Bank (Mumbai) Ltd, Mumbai branch having account no. 121/2451, it was observed that the client has received / transferred funds from / to various entities including Somnath Corporation, Dhananjay Enterprises, Kehsariya Metals Pvt. Ltd. 11 Samskara Sales Agency Pvt. Ltd (AATCS7717A) March 28, 2014 to August 25, 2014 On analyzing bank statement of the client for the period during which client has traded, having bank account in Axis Bank, Mumbai branch having ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... at the client has received / transferred funds from/to various entities including Samskara Sales Agency Pvt. Ltd,Ganesh Eknath Chandanshiv, Suryakant Chanpur, Umesh Tiwari, Keshariya Metal Pvt. Ltd & Mahasvin Trading Pvt. Ltd, 17 Deepak S Chavan (AJAPC0258P) Jan 01, 2013 to September 07, 2014 On analyzing bank statement of the client for the period during which client has traded, having bank account in ICICI Bank, Mumbai branch having account no. 100005000451, it was observed that the client has received / transferred funds from/to various entities including Kamalpushp Barter, Umesh Tiwari,Keshariya Metal Pvt. Ltd, Samskara Sales Agency & Mahasvin Trading Pvt. Ltd. From Table B, the following relationships are established:- i) Moryo Industries is related to Rupak Developers, VRP Financial Service Ltd, Five X finance , Kamalakshi Finance, G K Agarwal & Essar India. ii) As per the account statement Tisha Tushar Rane and Tushar Rane have same address. Tisha Rane and Tushar Rane are relate to Mangesh Madhukar Dhotre, Giris R Goel, Wakil Rajbhar, Beena Agarwal, Sapna R Jatwal and Krupali Dhotre. iii) Ganesh Eknath Chandan Shiv, Samskara Sales Agency, Saurabh Surendra Jadh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h Sanjay Trivedi Viz- 3 A/10,Kavita Apts, Natakwala Lane , S. V. Road Borivili, Mumbai-400092. Vasudev Panchal 1.Shares common address with Deepak Raval viz.60/3, Jariwala Bldg,Sane Guruji Road, Tardeo, Mumbai-400034 2. The above mentioned address is similar to the address of Ajay Mohanlal Bhatt & Victory Sales Pvt.. Ltd. Romy Realty 1. Off market with Deepak Raval & Sanjay Trivedi Shiv Kumar Kaushik 1. As per KYC, he is the proprietor of Deepti Sales Corporation whose contact person is Mr. Pradeep Dhanuka, Director of Rupak Developers Pvt.. Ltd. 2. Shivkumar Kaushik alongwith Tushar Rane and Madhukar Dhotre were preferential allotees in Krishna Venture Ltd. At the time of allotment Vijay Agrawal and Beena Agrawal were directors in Krishna Vnetures Ltd. Anand Kamalnayan Pandit 1. Is one of the preferential allotee in Kamalakshi Finance Corporation Ltd. Hence connected/known to Kamalaskhi Finance corporation Ltd From Table D: Following relationship could be observed, i) Ajay Mohanlal Bhatt, Victory Sales Pvt. Ltd & Vasudev Panchal are related to each other. ii) Romy Realty Pvt. Ltd, Ajay Mohan Lal Bhatt, Victory Sales Pvt. Ltd & Vasudev Panchal are connected to eac ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 98.61 18 AANCS5873 M SADAKIRTI DEALER PVT. LTD 40425 230.00 19 AARCS4827R SHALLOT DEALTRADE PRIVATE LIMITED 58783 211.56 20 AASCS6284R SHIVSATHI MERCANTILE PRIVATE LIMITED 107715 186.02 21 AATCS7717A SAMSKARA SALES AGENCY PRIVATE LIMITED 136211 227.02 22 AAWHS0331J SANJAY JETHALAL SONI HUF 50905 225.94 15510 226.50 23 ADMPP1798B ANAND KAMALNAYAN PANDIT 409000 222.79 24 AHRPK8922 D TISHA TUSHAR RANE 60250 198.83 25 AJAPC0258P DEEPAK SURYAKANT CHAVAN 52062 219.23 26 AJCPR9314H SIDHI VINAYAK PORTFOLIO 81475 198.87 27 AJPPD8297E MANGESH MADHUKAR DHOTRE 52100 198.65 28 ANDPC7557J SURYAKANT C ..... X X X X Extracts X X X X X X X X Extracts X X X X
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