PR No.

100/2015

Order in the matter of Equinox Infratech Limited

Shri S. Raman, Whole Time Member, SEBI, has passed an interim order dated March 30,2015 under sections 11,
11(4), 11A and 11B of SEBI Act, 1992 in the matter of Equinox Infratech Limited ("the company") having its
registered office at 44, Kailash Vihar,13 City Centre, Gwalior, Madhya Pradesh, India- 474011. The order inter-alia
directs that the company shall forthwith cease to mobilize any fresh funds from investors through the offer of NonConvertible Redeemable Secured Debentures (NCRSDs) or through the issuance of equity shares or any other
securities to the public and/or invite subscription, in any manner whatsoever, either directly or indirectly till further
directions.
The company and its directors viz. Mr. Prabir Chakraborty, Mr. Prasanta Chakraborty, Mr Sandeep Chatterjee, Mr.
Rahul Kumar Shahi and Mr. Nandalal Balti 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 and are restrained from accessing the securities market and prohibited from
buying, selling or otherwise dealing in the securities market. The company shall provide a full inventory of all its
assets and properties; the company and its directors are further directed to not to dispose of any of the properties or
alienate or encumber any of the asses owned/acquired by that company through the offer of NCRSDs without prior
permission from SEBI; the company and its directors shall not divert any funds raised from public at large through
the Offer of NCRSDs, which are kept in bank account(s) and/or in the custody of the company; the company shall
furnish complete and relevant information within 21 days from the date of receipt of this Order.
The Debenture Trust namely Equinox Debenture Trust (represented by its trustee viz. Mrs. Arpita Chakraborty), is
prohibited from continuing with his present assignment as a debenture trustee in respect of the Offer of NCRSDs 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 was found engaged in fund mobilizing activity through issue of NCRSDs to more than 49 persons
without complying with the relevant provisions of the Companies Act, 1956 and 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
April 01, 2015

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