Securities and Exchange Board of India (Sebi), in separate orders, has imposed a penalty of Rs 4.5 lakh on Velox Industries (formerly known as Khatau Exim) and Rs 7.5 lakh each on Jayalakshmi Holdings, Brinan Investments and Alk Holding.
These three firms have merged with Great View Properties.
Besides, the regulator has levied a fine of Rs 6.5 lakh on H A Khatau and Rs 5.25 lakh on Rohan Khatau and Rs 5 lakh each on PH Khatau and MH Khatau.
These entities were required to make yearly shareholding disclosures within the required timeline.
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