Sungold Capital fined ₹27L for violating disclosure norms
Market regulator SEBI has imposed a ₹27 lakh fine on Sungold Capital and its three executive directors for allegedly violating public holding and disclosure norms. The firm was fined ₹5 lakh and the directors were fined ₹10 lakh for providing "false and misleading information" to stock exchanges. Chairman Rajiv Kotia was penalised ₹12 lakh for failing to disclose family's shareholding.