Sungold Capital Ltd — Important, 09-10-2025: Company Update

SEBI has issued a final order resolving long-standing share acquisition rule violations by promoters of Sungold Capital Limited. Mr. Rajiv R. Kotia must sell shares equivalent to 1.54% of SCL's capital, acquired beyond permissible limits, and deposit all proceeds into SEBI's Investor Protection and Education Fund within three months. Separately, Mrs. Shilpa Kotia, Mrs. Shweta Kotia, Mr. Dhaval Kotia, and Mr. Ravi Kotia are barred from accessing or dealing in the securities market for three months. This action concludes a lengthy legal process for acquisitions made in 2007, for which prior monetary penalties totaling over ₹0.21 Cr were already recovered.