PR No.

57/2016

Order in the matter of M/s Shankalp Food and Beverages Limited

Shri S Raman, Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an interim order
cum Show Cause Notice March 04, 2016 in the matter of Shankalp Food and Beverages Limited, inter-alia
directing that the company shall not mobilize funds from investors. Further, the company, its promoters/ 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 promoters/ 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 Secured Non Convertible Redeemable Debentures, which
are kept in bank account(s) and/or in the custody of the company.
The Debenture Trustees, Debenture Trustee, viz. Shankalp Secured Debenture Trust (represented by its Trustees,
viz. Shri Amit Samanta and Shri Jagadish Chandra Nag) is prohibited from continuing with his present assignment
as debenture trustees in respect of the Offer of Secured Non Convertible 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 promoters/ 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 Non Convertible 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
March 15, 2016

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