Veerkrupa Jewellers SEBI Order: ₹20L Penalty, 5-Year Market Ban

Name of Authority: Quasi-Judicial Authority, Securities and Exchange Board of India (SEBI)

Nature and Details of Actions:

The Company and its Director, Mr. Chirag Arvind Shah, have received an order from SEBI.
The order alleges violations of Sections 12A(a), 12A(b), and 12A(c) of the SEBI Act.
Additionally, violations of Regulations 3(a), 3(b), 3(c), 3(d), 4(1), 4(2)(f), 4(2)(k), and 4(2)(r) read with Regulation 2(1)(c) of the PFUTP (Prohibition of Fraudulent and Unfair Trade Practices) Regulations are alleged.
A monetary penalty of ₹20,00,000 (Twenty Lakh Rupees) has been imposed on Mr. Chirag Arvind Shah under Section 15HA of the SEBI Act.
Both the Company and Mr. Chirag Arvind Shah have been restrained from accessing the securities market.
They are prohibited from buying, selling, or otherwise dealing in securities, either directly or indirectly.
The restraint period is five (5) years.

Date of Receipt of Communication: The order was received on 4th June, 2026.

Details of Violations: The specific violations cited are of:

Sections 12A(a), 12A(b), and 12A(c) of the SEBI Act.
Regulations 3(a), 3(b), 3(c), 3(d), 4(1), 4(2)(f), 4(2)(k), and 4(2)(r) read with Regulation 2(1)(c) of the PFUTP Regulations.

Financial/Operational Impact: The disclosure explicitly states "NA" for quantifiable financial or operational impact.