PR No.

195/2015

Order in the matter of M/s Pailan Agro India Limited

Shri S Raman, Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an order dated
July 27, 2015 in the matter of Pailan Agro India Limited, inter-alia directing that the company shall not mobilize
funds from investors. Further, the company, its present and past 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 present directors have further been directed not to dispose of any of the properties or alienate
or encumber any of the assets of the Company without prior permission from SEBI and not to divert any funds
raised from public at large through the Offer of NonConvertible Secured Redeemable Debentures, which are kept
in bank account(s) and/or in the custody of the company.
The Debenture Trustees, viz. Pailan Agro Debenture Trust (represented by Shri Dilip Das) is prohibited from
continuing with his present assignment as debenture trustees in respect of the Offer of NonConvertible Secured
Redeemable Debentures of the company 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, its present and past Directors, are 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.
The company was engaged in fund mobilizing activity through issue of NonConvertible Secured Redeemable
Debentures to more than 49 persons without complying with the relevant provisions of the Companies Act, 1956
and provisions of the SEBI (Issue and Listing of Debt Securities) Regulations, 2008.
The full text of the order is available on the website: www.sebi.gov.in

Mumbai
July 29, 2015

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