Case Details

This document is a corrigendum issued by the Securities and Exchange Board of India (SEBI) to correct its earlier order dated May 29, 2026. The original order, bearing reference number QJA/SS/IVD-2/ID13/32429/2026-27, was in the matter of M/s Veerkrupa Jewellers Limited. The corrigendum was issued on June 2, 2026, by Santosh Shukla, a Quasi-Judicial Authority at SEBI, from Mumbai.

Persons Involved

The corrigendum mentions Mr. Rajesh Shah, identified as a director of an entity referred to as 'Noticee No. 9'. A mobile number (XXXXXX7777) is noted as belonging to him. The document is issued by Santosh Shukla in his capacity as a Quasi-Judicial Authority at SEBI.

Violations and Allegations

This corrigendum does not detail the specific violations or allegations from the original order. It serves solely to correct two specific parts of that order.

Penalties, Settlement Terms & Rulings

This corrigendum does not disclose any penalties, settlement terms, or the final ruling from the original order. Its purpose is to formally amend the text of the original order.

Actions, Compliance, and Future Obligations

The primary action stipulated is that the original Order dated May 29, 2026, must always be read along with this Corrigendum. This is a compliance directive for anyone referencing the SEBI order.

Final Ruling and Enforcement

The document specifies two corrections to the original order:

  • On page 99, the heading "VII. Conclusion." is corrected to read "VII. Conclusion and Factors under Section 15J of the SEBI Act."
  • Paragraph 96 of the order is replaced in its entirety. The corrected paragraph states that the objects of Noticee No. 9, as per its Memorandum of Association, are "'…To carry on the business of digital marketing, social media marketing, share market advice and share market video…'." It further notes that according to its website, the entity is involved in IPO marketing, public relations, social media marketing, and search engine optimization. A key connection established is that the mobile number (XXXXXX7777) in Noticee No. 9's account details belongs to its director, Mr. Rajesh Shah, and this same number was used as contact details in the trading/demat accounts of 'Noticee No. 10' with several brokers/DPs (Marfatia Stock Broking Pvt Ltd, Pramodkumar Jain Securities Pvt Ltd, Red Ribbon Stock Broking Pvt Ltd, and Bhansali Value Creations Pvt Ltd). The paragraph concludes that Noticee No. 10 is acquainted or connected with Mr. Rajesh Bhikhalal Shah/Mr. Rajesh Shah.