The barred entities are promoters of listed entity Excel Realty N Infra (Excel) -- Lakhmendra Chamanlal Khurana (Chairman & MD of Excel), Ranjana Khurana Lakhmendra and Arpit Lakhmendra Khurana -- and Pramod Yeshwant Kokate who was chief financial officer of Excel.
On the basis of a complaint received by Sebi, the markets watchdog conducted a detailed examination into the affairs of Excel Realty N Infra for the period from April 2016 to March 2021.
In its examination, Sebi found that the transactions executed by Excel with 24 seller parties amounting to around Rs 119 crore constituting approximately 66 per cent of the total assets of Excel from FY 2016-17 to 202021, were misrepresented in the balance sheet of the firm for the said period.
Esta historia es de la edición July 31, 2023 de The Business Guardian.
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Esta historia es de la edición July 31, 2023 de The Business Guardian.
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Saj Hotels limited IPO opens on 27th september, 2024
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