Sebi has levied a fine of Rs 6 lakh each on Zoom Building Materials & Products and Novalty Enterprises, and Rs 4 lakh each on Atul Kumar Agarwal, Surya Medi Tech, Archit Hotels and resorts and Zarf Infra Development.
The regulator had conducted a probe to find out the possible violation of SAST (Substantial Acquisition of Shares and Takeover) and PIT (Prohibition of Insider Trading) after receiving certain alerts of non-disclosures of shareholdings in APML shares.
Accordingly, Sebi has levied fine on these seven entities.
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