Authority: Quasi-Judicial Cell 2, SEBI
Order Date: September 22, 2026
Case Overview
The Securities and Exchange Board of India (SEBI), through its Quasi-Judicial Cell 2, has issued a hearing notice to VC Metals Pvt. Ltd (PAN-AAICV0233H) of Ahmedabad, Gujarat. This notice pertains to a Show Cause Notice (SCN) dated April 28, 2026, in the matter of Nidan Laboratories & Healthcare Limited. The hearing is being granted in the interest of natural justice and to conduct an inquiry as per Rule 4 of the SEBI (Procedure for Holding Inquiry and Imposing Penalties) Rules, 1995.
Final Outcome
The authority has scheduled a personal hearing for November 18, 2026 (Wednesday) at 02:30 P.M. The hearing will be held at SEBI Bhavan - II, Plot No. C-7, 'G' Block, Bandra Kurla Complex, Bandra (E), Mumbai - 400051. As an alternative, the noticee has the option to attend the hearing through an online video conference via Zoom. Login credentials will be provided upon confirmation of attendance sent to 'harshk@sebi.gov.in'.
VC Metals or its duly authorized representative must appear and may make necessary submissions along with supporting documents. The authorized person must provide a copy of their Identity Card, the original Authorization Letter, and the PAN of the Noticee. Attendance must be confirmed by letter or email at least two days prior to the hearing date. The notice explicitly states that if VC Metals fails to appear, the matter will be decided ex-parte based on documents available on record.
Topics: SEBI Inquiry, Regulatory Hearing, Compliance Procedure