Vivid Mercantile Limited
Details of SEBI Order
Authority: Quasi-Judicial Authority, Securities and Exchange Board of India (SEBI)
Nature of Actions:
- Monetary penalty of ₹10,00,000 (Ten Lakh rupees) imposed on Mr. Satish Ramanlal Gajjar (Director) under Section 15HA of the SEBI Act
- Company required to disgorge an amount of ₹40,84,556 (Forty Lakh Eighty-Four Thousand Five Hundred Fifty-Six rupees)
- Both the company and Mr. Satish Ramanlal Gajjar restrained from accessing the securities market
- Prohibition on buying, selling, or otherwise dealing in securities, either directly or indirectly
- Restriction period: Five (5) years
Alleged Violations:
- 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 (Prohibition of Fraudulent and Unfair Trade Practices) Regulations
Timeline
Date of Receipt: 4th June, 2026
Method of Receipt: Email from SEBI
Disclosure Date: 5th June, 2026
Financial and Operational Impact Assessment
The company states it is "examining the next steps to be taken in this matter and is analysing the impact, if any, of this Order on Company's financial, operation or any other activities at the moment." No quantified financial impact has been disclosed in the filing.