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Skyline Millars
BSE: 505650NSE: ISIN: INE178E01026

10th-Feb-2020 18:15Source: BSE

Skyline Millars - Adjudication Order No. Order/GR/AE/2019-20/6753-6765 Dated February 7, 2020 From Securities And Exchange Board Of India Against The Promoters Of GMM Pfaudler Limited

The Securities and Exchange Board of India (''SEBI'') vide its order No. Order/GR/AE/2019-20/6753-6765 dated February 7, 2020 has imposed a penalty of Rs. 13,50,000/- (Rupees Thirteen Lakh Fifty Thousand Only) to be paid jointly and severally by the Promoters / Promoter Group of GMM Pfaudler Limited under Section 15 A(b) of the SEBI Act for non-disclosure and delayed disclosure under Regulation 8(2) of the Takeover Regulations, 1997 from 2003 to 2012.

A copy of the said SEBI order dated February 7, 2020 is attached for your records.

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