PC Jeweller settles case with SEBI

6 hours ago 1

PC Jeweller Settles Case: New Delhi-headquartered PC Jeweller—a manufacturer, exporter and retailer of golden and diamond jewellery—on Friday settled a substance with the Securities and Exchange Board of India (SEBI). The country's superior marketplace regulator had sent a announcement to the backstage assemblage jewellery steadfast upon detecting alleged violations successful its disclosure norms. 

PC Jeweller paid a sum of Rs 7.2 crore to the marketplace regulator to settee the matter. 

SEBI's announcement mentioned non-compliance with rules implicit timely disclosures related to indebtedness defaults and solution plans and non-disclosure of slope notices. 

Earlier connected Friday, PC Jeweller shares ended 1.5 per cent little astatine Rs 14.3 apiece connected BSE successful a falling marketplace wherever the benchmark indices declined astir fractional a per cent each.

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