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Sebi bars Kore Digital promoters over alleged Rs 541 crore revenue misstatement
Finance · 2 updates
Sebi bars Kore Digital promoters over alleged Rs 541 crore revenue misstatement
Capital markets regulator Sebi has passed an interim order against SME-listed Kore Digital and three of its key managerial personnel after a probe found prima facie evidence of manipulated financial statements, allegedly non-genuine subsidiaries, suspicious accounting entries and diversion of preferential issue proceeds.Sebi has restrained managing director Ravindra Doshi, chief executive officer Chaitanya Doshi and chief financial officer Kashmira Doshi from buying, selling or otherwise dealing in Kore Digital shares until further orders. The regulator has also barred the company and the thre
Kore Digital shares crash10% on Sebi's Rs 541 crore revenue charge
Shares of SME-listed Kore Digital plunged 10% on Friday after market regulator Sebi passed an interim order against the company and three of its key managerial personnel after its investigation found evidence of manipulated financial statements, non-genuine subsidiaries, suspicious accounting entries and diversion of preferential issue proceeds.Sebi on Thursday barred Kore Digital MD Ravindra Doshi, CEO Chaitanya Doshi and CFO Kashmira Doshi from trading in Kore Digital shares until further orders. The regulator has also barred the company and the three individuals from accessing the securitie
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