PR No.

82/2015

Order in the matter of M/s. Cell Industries Limited

Shri S Raman, Whole Time Member, SEBI, has passed an Interim Order dated March 17, 2015 in the matter of Cell
Industries Limited directing inter-alia that the company shall not mobilize funds from investors and that the company
and its directors are prohibited from issuing prospectus or any offer document or issue advertisement for soliciting
money from the public for the issue of securities, in any manner whatsoever, either directly or indirectly, till further
orders. The company and its directors shall not dispose off any of the properties of the company and shall not divert
any funds raised from the public. Company and its directors are also restrained from accessing the securities
market and further prohibited from buying, selling or otherwise dealing in the securities market, either directly or
indirectly, till further directions.
Also, Debenture Trustees, viz. Shri Ashish Kumar De Sarkar, Shri Samrat Sinha and Shri Abdul Basad Molla, are
prohibited from continuing with their assignment as debenture trustee in respect of the Offer of NCDs of CIL and
also from taking up any new assignment or involvement in any new issue of debentures, etc. in a similar capacity,
from the date of this order till further directions.
The company was engaged in fund mobilizing activity through issue of Redeemable Preference Shares and NCDs
to more than 49 persons without complying with the provisions of the Companies Act, 1956.
The full text of the SEBI order is available on the website: www.sebi.gov.in

Mumbai
March 24, 2015

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