Sebi completes recovery proceedings against Shubhang Exports Ltd
Sebi announced the completion of Recovery Certificate No. 6665 of 2023 issued to Shubhang Exports Ltd in a Sulabh Engineers & Services matter.
Growth Brief DeskPublished 1 min read
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Key facts
- Sebi completed recovery proceedings for Shubhang Exports Ltd.
- The recovery certificate number is 6665 of 2023.
- The certificate was originally issued on June 13, 2023.
- The proceedings relate to Sulabh Engineers & Services Limited.
According to the Securities and Exchange Board of India, recovery proceedings under Recovery Certificate No. 6665 of 2023 have been completed for Shubhang Exports Ltd.
The certificate, dated June 13, 2023, was issued against the defaulter in the matter of Sulabh Engineers & Services Limited.
Why it matters
This update marks the formal closure of a specific recovery proceeding by the market regulator against a defaulter entity. For investors and market participants, such notices highlight Sebi's ongoing enforcement actions to recover dues and maintain regulatory compliance. While it brings finality to this particular case, it underscores the regulator's persistent tracking of compliance lapses tied to listed entities like Sulabh Engineers & Services Limited.
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