PR No.

127/2014

Order in the matter of M/s GN Diaries Limited and its directors

Shri Rajeev Kumar Agarwal, Whole Time Member, SEBI, has passed an order on October 31, 2014 under Sections
11 and 11B of the Securities and Exchange Board of India Act, 1992 read with regulations 65 and 73 of Securities
and Exchange Board of India (Collective Investment Schemes) Regulations, 1999 in the matter of M/s G N Diaries
Limited and its directors. The order directed the company, and its directors viz., Mr.Sunil Dutt, Mr.Hardeep Singh
Wahla and Mr.Ranjodh Singh to wind up its scheme and refund the money collected by it under the scheme with
returns within a period of three months from the date of this order and submit a winding up and repayment report to
SEBI in accordance with the SEBI (Collective Investment Schemes) Regulations, 1999, and further restrained and
prohibited the Company and Directors from buying, selling or otherwise dealing in the securities market till all
collective investment schemes launched by G N Dairies Ltd. are wound up and all the monies mobilised through it
are refunded to the investors. Further, Ms. Sukhjit Kaur, Mr. Soly Thomas and Mr. Satnam Singh Randhawa are
directed to not to access the securities market and are further restrained and prohibited from buying, selling or
otherwise dealing in the securities market for a period of one year.

G. N. Dairies Ltd. was running a scheme/arrangement of cattle/ calf / ghee and mobilizing funds from investors /
public under its schemes without being registered with SEBI and as a result of the aforesaid activity has violated
provisions of the SEBI Act and SEBI (Collective Investment Schemes) Regulations, 1999.

The full text of the order is available on the website: www.sebi.gov.in

Mumbai
November 10, 2014

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