SEBI adjudication order imposes ₹5 lakh penalty on Integra Switchgear for multiple LODR violations related to incorrect shareholding patterns and reclassification failures.
17 promoters and promoter group entities face joint penalty of ₹8 lakh for delayed disclosures under SAST regulations regarding share acquisitions and transmissions.
Violations include incorrect classification of family members in shareholding patterns from 2015-2023 and delayed regulatory filings spanning 2-1763 days.
Company cited historical nature of violations, ceased operations, and absence of quantifiable gain or investor loss as mitigating factors in its defense.