ALPHA TRIBE

Vivid Mercantile LtdImportant, 05-06-2026: Company Update

05-06-2026 | 06:38 pm

VIVID MERCANTILE LIMITED

(CIN: L74110GJ1994PLC021483)

Reg. office: Basement Medicare Centre, Behind M. J. Library, Opp. Stock Exchange Ellisbridge,

Ahmedabad-380006

Email: complianceviel@gmail.com Website: www.vividmercantile.com

Contact No. 079-48921375

Date: 05th June, 2026

To,

General Manager

Department of Corporate Services

BSE Limited

Listing Operations (Equity),

P. J. Towers, Dalal Street,

Mumbai – 400001

Dear Madam/Sir,

Sub: Disclosure under Reg 30 of the Securities and Exchange Board of India (Listing Obligation

and Disclosure Requirements) Regulations, 2015

Reference: Script Code- 542046

Pursuant to the provisions of Regulation 30 read with sub-para 20, Para A, Part A, Schedule III of the SEBI

(Listing Obligations and Disclosure Requirements), Regulations 2015 (Listing Regulations), we hereby

submit the disclosure regarding the Order passed by the Quasi-Judicial Authority, Securities and

Exchange Board of India.

The details of the above Orders as required under Regulation 30 of Listing Regulations are given below:

Name of the Authority Quasi-Judicial Authority, Securities and Exchange

Board of India (SEBI)

Nature and details of the action(s) The Company has received an order from SEBI

against itself and its Director, Mr. Satish Ramanlal

Gajjar, alleging violations of Sections 12A(a),

12A(b), and 12A(c) of the SEBI Act, along with

Regulations 3(a), 3(b), 3(c), 3(d), 4(1), 4(2)(f),

4(2)(k), and 4(2)(r) read with Regulation 2(1)(c)

of the PFUTP Regulations. Pursuant to the said

order, a monetary penalty of Rs. 10 lakhs have

been imposed on Mr. Satish Ramanlal Gajjar under

Section 15HA of the SEBI Act. Further, the

Company is liable to disgorge an amount of Rs.

40,84,556/-. Additionally, both the Company and

Mr. Satish Ramanlal Gajjar have been restrained

from accessing the securities market and are

prohibited from buying, selling, or otherwise

dealing in securities, either directly or indirectly,

for a period of five (5) years.

Date of receipt of communication from the

authority

On 4th June, 2026 through E-Mail from SEBI.

Details of the violation(s) / contravention(s)

committed or alleged to be committed;

Violation of Provision pertaining to Sections

12A(a), 12A(b), and 12A(c) of SEBI Act and

Regulations 3(a), 3(b), 3(c), 3(d), 4(1), 4(2)(f),

4(2)(k) and 4(2)(r) read with Regulation 2(1)(c)

of the PFUTP Regulations.

----------------Page (0) Break----------------

VIVID MERCANTILE LIMITED

(CIN: L74110GJ1994PLC021483)

Reg. office: Basement Medicare Centre, Behind M. J. Library, Opp. Stock Exchange Ellisbridge,

Ahmedabad-380006

Email: complianceviel@gmail.com Website: www.vividmercantile.com

Contact No. 079-48921375

Impact on financial, operation or other

activities of the listed entity, quantifiable in

monetary terms to the extent possible.

The Company is examining the next steps to be

taken in this matter and is analysing the impact, if

any, of this Order on Company’s financial,

operation or any other activities at the moment.

This is for your Information and records.

Thanking you,

Yours faithfully

For, Vivid Mercantile Limited

Satishkumar Ramanlal Gajjar

Managing Director

DIN: 05254111

----------------Page (1) Break----------------

No comments yet. Be the first to comment!

All announcements from Vivid Mercantile Ltd