Last month, Sebi had fined the company’s senior management and company for financial irregularities
On the basis of a complaint received by Sebi, the markets watchdog conducted a detailed examination into the affairs of Excel Realty N Infra for the period from April 2016 to March 2021.
CMD of Excel Realty N Infra, Lakhmendra Khurana, was fined Rs 1 crore, while 2 executive directors were fined Rs 50 lakh. The company itself was fined Rs 10 lakh