PR No.

61/2016

Order in the matter of M/s Shristi Procon Limited

Shri S Raman, Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an interim order
cum Show Cause Notice dated March 02, 2016 in the matter of Shristi Procon Limited, inter-alia directing that the
company shall not mobilize funds from investors through issue of securities.
Further, the company and its promoters/ 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 promoters/ directors are also 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 and its promoters/ directors have further been directed not to dispose of any of the properties or
alienate or encumber any of the assets of the Company without prior permission of SEBI and not to divert any funds
raised from public at large through the offer of Redeemable Preference shares, which are kept in bank account(s)
and/or in the custody of the company.
The company was engaged in fund mobilizing activity through issue of Redeemable Preference shares to more than
49 person without complying with the relevant provisions of the Companies Act, 1956.
The full text of the order is available on the website: www.sebi.gov.in

Mumbai
March 17, 2016

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