Confirmatory order in the matter of Kailash Auto Finance Limited[SAT Appeal No.:257/2016[SAT Appeal No.:258/2016[SAT Appeal No.:256/2016[SAT Appeal No.:253/2016[SAT Appeal No.:252/2016[SAT Appeal No.:251/2016[SAT Appeal No.:250/2016[SAT Appeal No.:248/2016[SAT Appeal No.:247/2016

WTM/RKA/ISD/67/2016 SECURITIES AND EXCHANGE BOARD OF INDIA ORDER UNDER SECTION 11(1), 11(4) AND 11B OF THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992 IN THE MATTER OF KAILASH AUTO FINANCE LIMITED. In respect of: Sl. No. NAME OF THE ENTITY PAN CATEGORY PROMOTER/PROMOTER RELATED 1 Sri Karani Exports Pvt. Ltd. AADCS7710D ENTITIES OF KAILASH AUTO PROMOTER/PROMOTER 2 Radhashyam Dealtrade Pvt. Ltd. AAFCR6225E RELATEDENTITIES OF KAILASH AUTO 3 Pushpa Rani Nagpal AABPN0865H BENEFICIARIES 4 Sitaram Ashok Kumar HUF AACHS4243P BENEFICIARIES 5 A K Jain HUF AADHA7322L BENEFICIARIES 6 Jyoti Vardhan Sonthalia AADHJ8034N BENEFICIARIES 7 Ramesh Kumar Kedia HUF AAEHR9181H BENEFICIARIES 8 Ashok Kejriwal HUF AAFHA5405E BENEFICIARIES 9 Bal Krishna Saraf HUF AAFHB5197N BENEFICIARIES 10 S K Patwari HUF AAFHS3391K BENEFICIARIES 11 Sunita Goyal AAFPG2351M BENEFICIARIES 12 Kanchan Jain AAHPJ9207D BENEFICIARIES 13 Sunil Kumar Patwari HUF AANHS6750A BENEFICIARIES 14 Kavita Jain AANPJ9910B BENEFICIARIES 15 Sanjay Kumar Agarwal AAOPA1798H BENEFICIARIES 16 Gurcharn Singh Baweja AAOPB3690D BENEFICIARIES 17 Sanjib Kumar Patwari HUF AAPHS3236R BENEFICIARIES 18 Sanjay Kumar Patwari HUF AASHS7307E BENEFICIARIES 19 Rekha Ajaykumar Agrawal AASPA2993A BENEFICIARIES 20 Neetu Pratap Kalra AAXPK9087E BENEFICIARIES 21 Sarika Patwari ABAPL2442E BENEFICIARIES 22 Sangita Ketriwal ABTPK2380B BENEFICIARIES 23 Ashok Kumar Gadodia ACEPG3335Q BENEFICIARIES 24 Nirmala Devi Gadodia ACEPG3740P BENEFICIARIES 25 Sanjeev Jain ACFPJ3817P BENEFICIARIES 26 Abdul Jabbar Dagli ACUPD2136L BENEFICIARIES 27 Ashok Kumar Kejriwal ADHPK4175C BENEFICIARIES 28 Hitesh Ramprakash Chhatwal ADSPC4388E BENEFICIARIES 29 Adar Kumar Jain ADSPJ5280G BENEFICIARIES 30 Amit Jain AEFPJ8100B BENEFICIARIES 31 Nitin Jain AEFPJ8101A BENEFICIARIES 32 Sumanlata Gupta AEJPG5741F BENEFICIARIES 33 Sajjan Kumar Patwari AEYPP3705K BENEFICIARIES

Order in the matter of Kailash Auto finance Limited. Page 1

34 Bhagwati Devi Patwari AEYPP3706L BENEFICIARIES 35 Vipin Shersingh Agarwal AEZPA0703K BENEFICIARIES 36 Sanjay Kumar Patwari AFPPP9576G BENEFICIARIES 37 Sanjib Kumar Patwari AFRPP9205L BENEFICIARIES 38 Sunil Kumar Patwari AFVPP3401L BENEFICIARIES 39 Het Ram AFVPR5490R BENEFICIARIES 40 Pratap Uttam Purohit AFZPP9994A BENEFICIARIES 41 Rani Mishra AGHPM6638B BENEFICIARIES 42 Shweta Mishra AGHPM6664K BENEFICIARIES 43 Neena Gaba AHQPG7050H BENEFICIARIES 44 Sushila Tiwari AJEPT8702F BENEFICIARIES 45 Shaila Patwari AJFPP4973M BENEFICIARIES 46 Priyanka Patwari ALSPK8179K BENEFICIARIES 47 Dhruv Gaba AQNPG3627J BENEFICIARIES 48 Mohan Sharma ATUPS1008F BENEFICIARIES 49 Ashok Mustapure AVRPM3683K BENEFICIARIES 50 Hardik Loknath Gambhir AWPPG7383P BENEFICIARIES 51 Rajyavardhan Sonthalia COKPS7477F BENEFICIARIES 52 Bholebaba Suppliers Pvt. Ltd. AADCB8132G KAILASH AUTO GROUP I 53 Realstep Tradecom Pvt. Ltd. AAGCR4447R KAILASH AUTO GROUP I 54 Jai Dada Steel Pvt. Ltd. AACCJ3125C KAILASH AUTO GROUP I Depandable Consultancy Business 55 Kanti Ltd. AADCD1443J KAILASH AUTO GROUP I 56 Deekay Engineers & Dealers Ltd. AAACD8823B KAILASH AUTO GROUP I 57 Pragyan Realty Pvt. Ltd. AAHCP1157B KAILASH AUTO GROUP I 58 Mdbp Marketing Service Pvt. Ltd. AAGCM0694K KAILASH AUTO GROUP I 59 Aryanraj Properties Pvt. Ltd. AALCA5298E KAILASH AUTO GROUP I 60 Dream Heights Pvt. Ltd. AACCD9717E KAILASH AUTO GROUP I Pradipta Kr Barick/ Supercon 61 Realinfra Pvt. Ltd. AASCS4307H KAILASH AUTO GROUP I Arrowlink Enclave Arrowlink 62 Enclave Pvt. Limi AALCA5948F KAILASH AUTO GROUP I 63 Profitus Commodities Pvt.Ltd. AAHCP2079E KAILASH AUTO GROUP I 64 Maxtor Conclave Pvt. Ltd. AAICM5727H KAILASH AUTO GROUP I 65 Nirdesh Trading Pvt. Ltd. AABCN1526E KAILASH AUTO GROUP II 66 Triala Dealers Pvt. Ltd. AAECT5548F KAILASH AUTO GROUP II 67 Cheroot Vanijya Pvt. Ltd. AAECC9285A KAILASH AUTO GROUP II 68 Quickscope Dealers Pvt. Ltd. AANCS8376B KAILASH AUTO GROUP II 69 Reachsmart Construction Pvt. Ltd. AAGCR4662J KAILASH AUTO GROUP II 70 Swarnprakash Traders Pvt. Ltd. AATCS6718D KAILASH AUTO GROUP II 71 Shallot Vincom Pvt. Ltd. AARCS5124P KAILASH AUTO GROUP II 72 Reachsmart Dealtrade Pvt. Ltd. AAFCR9881C KAILASH AUTO GROUP II 73 Expression Dealers Pvt. Ltd. AACCE5935D KAILASH AUTO GROUP II 74 Rochi Dealcom Pvt. Ltd. AAGCR7017M KAILASH AUTO GROUP II

Order in the matter of Kailash Auto finance Limited. Page 2

75 Sensex Distributors Pvt. Ltd. AAPCS2057K KAILASH AUTO GROUP II 76 Sidhiman Vyapaar Pvt. Ltd. AATCS3687H KAILASH AUTO GROUP II 77 Vilohit PropertyPvt. Ltd. AAECV1283F KAILASH AUTO GROUP II 78 Helot Properties Pvt. Ltd. AACCH8885R KAILASH AUTO GROUP II 79 Vishnudham Marketing Pvt. Ltd. AAECV4988P KAILASH AUTO GROUP II 80 Gajgamini Merchandise Pvt. Ltd. AAFCG2554B KAILASH AUTO GROUP II 81 Muchmore Vincom Pvt. Ltd. AAICM6982C KAILASH AUTO GROUP II 82 Antaryami Traders Pvt. Ltd. AALCA7880J KAILASH AUTO GROUP II 83 Consideration Vincom Pvt. Ltd. AAECC2491A KAILASH AUTO GROUP II 84 Duari Marketing Pvt. Ltd. AAECD9323N KAILASH AUTO GROUP II 85 Dreamlight Exim Pvt. Ltd. AAECD5782B KAILASH AUTO GROUP II 86 Overarching Dealers Pvt. Ltd. AABCO6949E KAILASH AUTO GROUP II 87 S K Khemka AFPPK2503Q KAILASH AUTO GROUP II 88 Mahamani Tradelink Pvt. Ltd. AAHCM8752F KAILASH AUTO GROUP II 89 Rajgharana Agencies Pvt. Ltd. AAFCR2462P KAILASH AUTO GROUP II 90 Mobixa Distributors Pvt. Ltd. AAICM4750C KAILASH AUTO GROUP II 91 AriseDealcom Pvt. Ltd. AAJCA5108R KAILASH AUTO GROUP II 92 Rangan Vincom Pvt. Ltd. AAGCR1715E KAILASH AUTO GROUP II 93 Signet Vinimay Pvt. Ltd. AAMCS1712Q KAILASH AUTO GROUP II 94 Touchwin Commercial Pvt. Ltd. AAECT1846Q KAILASH AUTO GROUP II 95 Katyani Commodities Pvt. Ltd. AAECK6244R KAILASH AUTO GROUP II 96 Runicha Merchants Pvt. Ltd. AAECR0580M KAILASH AUTO GROUP II 97 Spice Merchants Pvt. Ltd. AAPCS7492G KAILASH AUTO GROUP II 98 Mahadhan Vincom Pvt. Ltd. AAGCM8231Q PRIMARY ALLOTTEES OF CPAL AND PML 99 Superdeal Vincom Pvt. Ltd. AAQCS3088M PRIMARY ALLOTTEES OF CPAL AND PML 100 Gannayak Sales Pvt. Ltd. AAECG0461G PRIMARY ALLOTTEES OF CPAL AND PML 101 Heaven Sales Pvt. Ltd. AACCH1686G PRIMARY ALLOTTEES OF CPAL AND PML 102 Panchshul Marketing Pvt. Ltd. AAFCP7060D PRIMARY ALLOTTEES OF CPAL AND PML 103 Shivratri Merchants Pvt. Ltd. AAOCS9331B PRIMARY ALLOTTEES OF CPAL AND PML Speedwell Enclave Consultancy 104 Pvt. Ltd. AAOCS9967P PRIMARY ALLOTTEES OF CPAL AND PML 105 Brijdhara Merchantile Pvt. Ltd. AAECB2629R RECIPIENTS OF CPAL AND PML SHARES 106 Overall Vincom Pvt. Ltd. AABCO1200E RECIPIENTS OF CPAL AND PML SHARES Trump Traders Pvt. Ltd. / Ecstatic RECIPIENTS OF CPAL/PML SHARES 107 Traders Pvt. Ltd. AADCT7498M AND KAILASH AUTO GROUP I Shivling Mercantile Pvt. Ltd. / RECIPIENTS OF CPAL/PML SHARES 108 Sonnet Mercantile Pvt. Ltd. AAOCS9332C AND KAILASH AUTO GROUP I Shivratri Tradelinks Pvt. Ltd. / RECIPIENTS OF CPAL/PML SHARES 109 Casuarina Tradelink Pvt. Ltd. AAOCS7895J AND KAILASH AUTO GROUP I Jatadhari Marketing Pvt. Ltd. / RECIPIENTS OF CPAL/PML SHARES 110 Wondrous Marketing Pvt. Ltd. AACCJ4617K AND KAILASH AUTO GROUP I Sanskriti Vincom Pvt. Ltd. / RECIPIENTS OF CPAL/PML SHARES 111 Pragyan Vincom Pvt. Ltd. AAPCS2061P AND KAILASH AUTO GROUP I 112 Shyam Kanheyalal Vyas ACTPV2787Q OTHER

Order in the matter of Kailash Auto finance Limited. Page 3

1. SEBI, vide an ad interim ex-parte order dated March 29, 2016 (hereinafter referred to as “interim order”), restrained 246 entities, including the aforesaid 112 entities (hereinafter referred to as "noticees"), from accessing the securities market and further prohibited them from buying, selling or dealing in securities in any manner whatsoever, till further directions.

2. The facts and circumstances leading to the passing of the said interim order have been discussed therein and I do not deem it necessary to repeat the same and burden this order with repetition. The modus operandi as described in the said interim order was that the market platform was grossly misutilized and scheme of reduction of share capital and amalgamation were the mechanisms adopted by Kailash Auto Finance Limited (Kailash Auto) to dubiously increase its value of market capital significantly. Careful Projects Advisory Limited. (CPAL) and Panchshul Marketing Limited. (PML), promoters of the Kailash Auto prior to the amalgamation, were incorporated with a dubious plan and premeditated arrangement and artifice to increase number of equity shares therein through sham and non-genuine transactions with regard to issuance of their shares which resulted in fetching exorbitant and unrealistic consideration in the said scheme of amalgamation. Pursuant to amalgamation 2058 shareholders of PML and 1,972 shareholders of CPAL (beneficiaries) received 58,59,10,800 shares of Kailash Auto in the form of consideration.

3. Trading in the scrip of Kailash Auto was manipulated by the connected parties who traded under pre-meditated plan and rigged the price of the scrip by 230% in 36 trading days during Patch- 1 as described in the said interim order. Further during Patch- 2 as described in the said interim order, the average trading volume in the scrip was increased by 5577 times and it was noted that during this period, the beneficiaries were net sellers and connected / related entities were net buyers, providing exit to these beneficiaries. In the process, beneficiaries made huge profit of approximately 3400% amounting to approximately ` 1600 Crores on their investment in a period of 12 months or more and thereon claimed the exemption of long term capital gains (LTCG) on such profit as brought out in the interim order.

4. Apart from market manipulation and misuse of stock exchange system in the scrip of Kailash Auto, the entire plan, device and artifice of private placement, fabrication of share premium, issuance of bonus shares, subsequent transfers and retransfers of shares and funds to connected/related entities was designed and structured to beguile the same as transactions with commercial sense to generate bogus LTCG which is exempt from tax under the provisions of the Income Tax Act, 1961.

5. At paragraph 34 of the interim order, the noticees have been advised that they may file their objections, if any, within twenty one days from the date of this interim order and, if they so desire, may avail themselves of an opportunity of personal hearing before SEBI, on a date and time to be fixed on a specific request, received from them. I note that though a copy of the interim order

Order in the matter of Kailash Auto finance Limited. Page 4 was served on all the abovementioned noticees, they have failed to submit their reply till date and they have also failed to avail the opportunity of personal hearing. In view of these facts and circumstances, I am of the view that the noticees are deliberately keeping away from these proceedings and are not willing to cooperate. I, therefore, proceed to decide the matter at this stage on the basis of the material available on record.

6. I note that investigation in the matter is in progress and appropriate decision, in accordance with law, would be taken after completion thereof. As prima facie found in the interim order, Kailash Auto Finance Limited, its Promoters/Promoter related entities, the Beneficiaries, the Kailash Auto Group I and II, Primary Allottees of CPAL and PML, Recipients of CPAL and PML shares and LTP contributors have acted in connivance for implementation of dubious plan, device and artifice that has led to the misuse of stock exchange mechanism to artificially increase price and volume of the scrips to provide illegitimate gains to the beneficiaries in order to claim LTCG benefits that has not only eroded the market integrity but has also been detrimental to the interests of investors who might have been lured to invest in the scrips due to such manipulative and fraudulent trading in the scrips and price movement.

7. I find that the noticees have failed to make out a prima facie case for revocation or modification of the interim order and the material available on record justifies the continuation of the directions passed against them under the ad interim ex-parte order dated March 29, 2016.

8. I, therefore, in exercise of the powers conferred upon me under section 19 of the SEBI Act, read with sections 11(1), 11(4) and 11B thereof, hereby confirm the directions issued vide the ad interim ex-parte order dated March 29, 2016 against the following entities: Sl. No. NAME OF THE ENTITY PAN CATEGORY PROMOTER/PROMOTER RELATED 1 Sri Karani Exports Pvt. Ltd. AADCS7710D ENTITIES OF KAILASH AUTO PROMOTER/PROMOTER 2 Radhashyam Dealtrade Pvt. Ltd. AAFCR6225E RELATEDENTITIES OF KAILASH AUTO 3 Pushpa Rani Nagpal AABPN0865H BENEFICIARIES 4 Sitaram Ashok Kumar HUF AACHS4243P BENEFICIARIES 5 A K Jain HUF AADHA7322L BENEFICIARIES 6 Jyoti Vardhan Sonthalia AADHJ8034N BENEFICIARIES 7 Ramesh Kumar Kedia HUF AAEHR9181H BENEFICIARIES 8 Ashok Kejriwal HUF AAFHA5405E BENEFICIARIES 9 Bal Krishna Saraf HUF AAFHB5197N BENEFICIARIES 10 S K Patwari HUF AAFHS3391K BENEFICIARIES 11 Sunita Goyal AAFPG2351M BENEFICIARIES 12 Kanchan Jain AAHPJ9207D BENEFICIARIES 13 Sunil Kumar Patwari HUF AANHS6750A BENEFICIARIES 14 Kavita Jain AANPJ9910B BENEFICIARIES 15 Sanjay Kumar Agarwal AAOPA1798H BENEFICIARIES

Order in the matter of Kailash Auto finance Limited. Page 5

16 Gurcharn Singh Baweja AAOPB3690D BENEFICIARIES 17 Sanjib Kumar Patwari HUF AAPHS3236R BENEFICIARIES 18 Sanjay Kumar Patwari HUF AASHS7307E BENEFICIARIES 19 Rekha Ajaykumar Agrawal AASPA2993A BENEFICIARIES 20 Neetu Pratap Kalra AAXPK9087E BENEFICIARIES 21 Sarika Patwari ABAPL2442E BENEFICIARIES 22 Sangita Ketriwal ABTPK2380B BENEFICIARIES 23 Ashok Kumar Gadodia ACEPG3335Q BENEFICIARIES 24 Nirmala Devi Gadodia ACEPG3740P BENEFICIARIES 25 Sanjeev Jain ACFPJ3817P BENEFICIARIES 26 Abdul Jabbar Dagli ACUPD2136L BENEFICIARIES 27 Ashok Kumar Kejriwal ADHPK4175C BENEFICIARIES 28 Hitesh Ramprakash Chhatwal ADSPC4388E BENEFICIARIES 29 Adar Kumar Jain ADSPJ5280G BENEFICIARIES 30 Amit Jain AEFPJ8100B BENEFICIARIES 31 Nitin Jain AEFPJ8101A BENEFICIARIES 32 Sumanlata Gupta AEJPG5741F BENEFICIARIES 33 Sajjan Kumar Patwari AEYPP3705K BENEFICIARIES 34 Bhagwati Devi Patwari AEYPP3706L BENEFICIARIES 35 Vipin Shersingh Agarwal AEZPA0703K BENEFICIARIES 36 Sanjay Kumar Patwari AFPPP9576G BENEFICIARIES 37 Sanjib Kumar Patwari AFRPP9205L BENEFICIARIES 38 Sunil Kumar Patwari AFVPP3401L BENEFICIARIES 39 Het Ram AFVPR5490R BENEFICIARIES 40 Pratap Uttam Purohit AFZPP9994A BENEFICIARIES 41 Rani Mishra AGHPM6638B BENEFICIARIES 42 Shweta Mishra AGHPM6664K BENEFICIARIES 43 Neena Gaba AHQPG7050H BENEFICIARIES 44 Sushila Tiwari AJEPT8702F BENEFICIARIES 45 Shaila Patwari AJFPP4973M BENEFICIARIES 46 Priyanka Patwari ALSPK8179K BENEFICIARIES 47 Dhruv Gaba AQNPG3627J BENEFICIARIES 48 Mohan Sharma ATUPS1008F BENEFICIARIES 49 Ashok Mustapure AVRPM3683K BENEFICIARIES 50 Hardik Loknath Gambhir AWPPG7383P BENEFICIARIES 51 Rajyavardhan Sonthalia COKPS7477F BENEFICIARIES 52 Bholebaba Suppliers Pvt. Ltd. AADCB8132G KAILASH AUTO GROUP I 53 Realstep Tradecom Pvt. Ltd. AAGCR4447R KAILASH AUTO GROUP I 54 Jai Dada Steel Pvt. Ltd. AACCJ3125C KAILASH AUTO GROUP I Depandable Consultancy Business 55 Kanti Ltd. AADCD1443J KAILASH AUTO GROUP I 56 Deekay Engineers & Dealers Ltd. AAACD8823B KAILASH AUTO GROUP I 57 Pragyan Realty Pvt. Ltd. AAHCP1157B KAILASH AUTO GROUP I 58 Mdbp Marketing Service Pvt. Ltd. AAGCM0694K KAILASH AUTO GROUP I

Order in the matter of Kailash Auto finance Limited. Page 6

59 Aryanraj Properties Pvt. Ltd. AALCA5298E KAILASH AUTO GROUP I 60 Dream Heights Pvt. Ltd. AACCD9717E KAILASH AUTO GROUP I Pradipta Kr Barick/ Supercon 61 Realinfra Pvt. Ltd. AASCS4307H KAILASH AUTO GROUP I Arrowlink Enclave Arrowlink 62 Enclave Pvt. Limi AALCA5948F KAILASH AUTO GROUP I 63 Profitus Commodities Pvt.Ltd. AAHCP2079E KAILASH AUTO GROUP I 64 Maxtor Conclave Pvt. Ltd. AAICM5727H KAILASH AUTO GROUP I 65 Nirdesh Trading Pvt. Ltd. AABCN1526E KAILASH AUTO GROUP II 66 Triala Dealers Pvt. Ltd. AAECT5548F KAILASH AUTO GROUP II 67 Cheroot Vanijya Pvt. Ltd. AAECC9285A KAILASH AUTO GROUP II 68 Quickscope Dealers Pvt. Ltd. AANCS8376B KAILASH AUTO GROUP II 69 Reachsmart Construction Pvt. Ltd. AAGCR4662J KAILASH AUTO GROUP II 70 Swarnprakash Traders Pvt. Ltd. AATCS6718D KAILASH AUTO GROUP II 71 Shallot Vincom Pvt. Ltd. AARCS5124P KAILASH AUTO GROUP II 72 Reachsmart Dealtrade Pvt. Ltd. AAFCR9881C KAILASH AUTO GROUP II 73 Expression Dealers Pvt. Ltd. AACCE5935D KAILASH AUTO GROUP II 74 Rochi Dealcom Pvt. Ltd. AAGCR7017M KAILASH AUTO GROUP II 75 Sensex Distributors Pvt. Ltd. AAPCS2057K KAILASH AUTO GROUP II 76 Sidhiman Vyapaar Pvt. Ltd. AATCS3687H KAILASH AUTO GROUP II 77 Vilohit PropertyPvt.

Ltd. AAECV1283F KAILASH AUTO GROUP II 78 Helot Properties Pvt. Ltd. AACCH8885R KAILASH AUTO GROUP II 79 Vishnudham Marketing Pvt. Ltd. AAECV4988P KAILASH AUTO GROUP II 80 Gajgamini Merchandise Pvt. Ltd. AAFCG2554B KAILASH AUTO GROUP II 81 Muchmore Vincom Pvt. Ltd. AAICM6982C KAILASH AUTO GROUP II 82 Antaryami Traders Pvt. Ltd. AALCA7880J KAILASH AUTO GROUP II 83 Consideration Vincom Pvt. Ltd. AAECC2491A KAILASH AUTO GROUP II 84 Duari Marketing Pvt. Ltd. AAECD9323N KAILASH AUTO GROUP II 85 Dreamlight Exim Pvt. Ltd. AAECD5782B KAILASH AUTO GROUP II 86 Overarching Dealers Pvt. Ltd. AABCO6949E KAILASH AUTO GROUP II 87 S K Khemka AFPPK2503Q KAILASH AUTO GROUP II 88 Mahamani Tradelink Pvt. Ltd. AAHCM8752F KAILASH AUTO GROUP II 89 Rajgharana Agencies Pvt. Ltd. AAFCR2462P KAILASH AUTO GROUP II 90 Mobixa Distributors Pvt. Ltd. AAICM4750C KAILASH AUTO GROUP II 91 AriseDealcom Pvt. Ltd. AAJCA5108R KAILASH AUTO GROUP II 92 Rangan Vincom Pvt. Ltd. AAGCR1715E KAILASH AUTO GROUP II 93 Signet Vinimay Pvt. Ltd. AAMCS1712Q KAILASH AUTO GROUP II 94 Touchwin Commercial Pvt. Ltd. AAECT1846Q KAILASH AUTO GROUP II 95 Katyani Commodities Pvt. Ltd. AAECK6244R KAILASH AUTO GROUP II 96 Runicha Merchants Pvt. Ltd. AAECR0580M KAILASH AUTO GROUP II 97 Spice Merchants Pvt. Ltd. AAPCS7492G KAILASH AUTO GROUP II 98 Mahadhan Vincom Pvt. Ltd. AAGCM8231Q PRIMARY ALLOTTEES OF CPAL AND PML 99 Superdeal Vincom Pvt. Ltd. AAQCS3088M PRIMARY ALLOTTEES OF CPAL AND PML 100 Gannayak Sales Pvt. Ltd. AAECG0461G PRIMARY ALLOTTEES OF CPAL AND PML

Order in the matter of Kailash Auto finance Limited. Page 7

101 Heaven Sales Pvt. Ltd. AACCH1686G PRIMARY ALLOTTEES OF CPAL AND PML 102 Panchshul Marketing Pvt. Ltd. AAFCP7060D PRIMARY ALLOTTEES OF CPAL AND PML 103 Shivratri Merchants Pvt. Ltd. AAOCS9331B PRIMARY ALLOTTEES OF CPAL AND PML Speedwell Enclave Consultancy 104 Pvt. Ltd. AAOCS9967P PRIMARY ALLOTTEES OF CPAL AND PML 105 Brijdhara Merchantile Pvt. Ltd. AAECB2629R RECIPIENTS OF CPAL AND PML SHARES 106 Overall Vincom Pvt. Ltd. AABCO1200E RECIPIENTS OF CPAL AND PML SHARES Trump Traders Pvt. Ltd. / Ecstatic RECIPIENTS OF CPAL/PML SHARES 107 Traders Pvt. Ltd. AADCT7498M AND KAILASH AUTO GROUP I Shivling Mercantile Pvt. Ltd. / RECIPIENTS OF CPAL/PML SHARES 108 Sonnet Mercantile Pvt. Ltd. AAOCS9332C AND KAILASH AUTO GROUP I Shivratri Tradelinks Pvt. Ltd. / RECIPIENTS OF CPAL/PML SHARES 109 Casuarina Tradelink Pvt. Ltd. AAOCS7895J AND KAILASH AUTO GROUP I Jatadhari Marketing Pvt. Ltd. / RECIPIENTS OF CPAL/PML SHARES 110 Wondrous Marketing Pvt. Ltd. AACCJ4617K AND KAILASH AUTO GROUP I Sanskriti Vincom Pvt. Ltd. / RECIPIENTS OF CPAL/PML SHARES 111 Pragyan Vincom Pvt. Ltd. AAPCS2061P AND KAILASH AUTO GROUP I 112 Shyam Kanheyalal Vyas ACTPV2787Q OTHER 9. Accordingly, the directions issued vide paragraph 31 of the interim order dated March 29, 2016 shall remain in force till further directions.

10. A copy of this order shall be served on all recognized stock exchanges and depositories to ensure compliance with above directions.

Sd/-

RAJEEV KUMAR AGARWAL DATE: June 15, 2016 WHOLE TIME MEMBER PLACE: MUMBAI SECURITIES AND EXCHANGE BOARD OF INDIA

Order in the matter of Kailash Auto finance Limited. Page 8