PR No.

201/2015

Order in the matter of M/s Alchemist Capital Limited

Shri Prashant Saran, Whole Time Member, SEBI has passed an order on August 03, 2015, wherein M/s. Alchemist
Capital Limited, its promoters and directors inter-alia have been directed to refund the money collected by the
company through issuance of Redeemable Preference Shares, with interest at the rate of 15% per annum
compounded at half yearly intervals and also not to access the capital market in any manner. The company, its
promoters & directors have also been restrained and prohibited from buying, selling or otherwise dealing in the
securities market, from the date of this order till the expiry of four years from the date of completion of refunds to
investors.
The promoters and directors are also restrained from associating themselves with any listed public company and
any public company which intends to raise money from the public, or any intermediary registered with SEBI. The
above directions shall come into force with immediate effect and shall continue to be in force from the date of this
Order till the expiry of 4 years from the date of completion of refunds to investors as directed above.
The company was engaged in fund mobilizing activity through issuance of Redeemable Preference Shares, to more
than 49 persons, without complying with the relevant provisions of the Companies Act, 1956 and DIP Guidelines
read with SEBI (ICDR) Regulations, 2009.
The Company and its promoters and directors shall issue public notice, in all editions of two National Dailies (one
English and one Hindi) and in one local daily with wide circulation, detailing the modalities for refund, including
details of contact persons including names, addresses and contact details, within fifteen days of this Order coming
into effect.
SEBI had passed an interim order on December 08, 2014 in the matter, whereby inter-alia, it directed the company
and its promoters/directors not to collect any more money from investors through issuance of securities in any
manner whatsoever.
The present order dated August 03, 2015 brings to conclusion the above said proceedings with the aforesaid
directions.
The full text of the order is available on the website: www.sebi.gov.in

Mumbai
August 05, 2015

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