PR No.

135/2015

Order in the matter of M/s Waris Healthcare Limited

Shri S Raman, Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an order dated
May 07, 2015 in the matter of Waris Healthcare Limited, inter-alia directing that the company shall not mobilize
funds from investors. Further, the company and its present and past directors are prohibited from issuing prospectus
or any offer document or issue advertisement for soliciting money from the public for the issue of securities, in any
manner whatsoever, either directly or indirectly, till further orders.
The Company and its present directors have further been directed not to dispose off any of the properties or
alienate or encumber any of the assets of the Company without prior permission from SEBI and not to divert any
funds raised from public at large through the Offer of Non Convertible Redeemable Debenture, which are kept in
bank account(s) and/or in the custody of the company.
The Debenture Trustee, viz.Smt. Chhaya Bahaduris prohibited from continuing with his present assignment as
debenture trustee in respect of the Offer of Non Convertible Redeemable Debenture of the company and also from
taking up any new assignment or involvement in any new issue of debentures, etc. in a similar capacity, from the
date of this order till further directions.
The company and its present and past directors, are restrained from accessing the securities market and further
prohibited from buying, selling or otherwise dealing in the securities market, either directly or indirectly, till further
directions.
The company was engaged in fund mobilizing activity through issue of Non Convertible Redeemable Debenture to
more than 49 persons without complying with the relevant provisions of the Companies Act, 1956and provisions of
the SEBI (issue and Listing of Debt Securities) Regulations, 2008.
The full text of the order is available on the website: www.sebi.gov.in

Mumbai
May 21, 2015

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