PR No.108/2010
Consent order on the application submitted by Shri Mridu Hari Dalmia in respect of M/s. Hari Machines Ltd.
A Panel consisting of Whole Time Members, SEBI, Dr. K. M. Abraham and Shri Prashant Saran, has passed a consent order dated April 26, 2010, on the application submitted voluntarily by Shri Mridu Hari Dalmia, on his behalf and on behalf of Mridu Hari Dalmia Parivar Trust, Smt. Padma Dalmia and Shri R. H. Dalmia (hereinafter referred to as the “applicants”) for their failure to file the report under regulation 3 (3) of the SEBI (Substantial Acquisition of Shares and Takeovers), Regulations, 1997 {hereafter referred to as ‘Takeover Regulation’} with the stock exchange and for delay in filing of reports under regulation 3 (4) of the Takeover Regulations with SEBI, in accordance with SEBI Circular dated April 20, 2007 for consent orders.
The applicants, without admitting or denying guilt, have remitted a sum of Rs. 2,50,000/- (Rupees two lakh and fifty thousand only) towards settlement charges in the matter.
The full text of the order is available on the website: www.sebi.gov.in
Mumbai
April 28, 2010
