Revocation order in the matter of Kailash Auto Finance Ltd.[SAT Appeal No.56 /2017]

Under Sections 11, 11(4) and 11B of the Securities and Exchange Board of India Act, 1992 in the matter of Kailash Auto Finance Limited.

1. Securities and Exchange Board of India (“SEBI”) conducted a preliminary examination into the dealings in the scrip of Kailash Auto Finance Limited (“Kailash Auto”) for the period from January 17, 2013 to December 31, 2015 pursuant to unusual price movement and volume in the scrip of Kailash Auto on the Bombay Stock Exchange.

2. Upon preliminary examination, SEBI prima facie found the acts of various entities of Kailash Auto Group involving fraud in connection with dealing in securities and on securities market and in violation of provisions of SEBI Act, 1992 (“Act”) and SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003 (“PFUTP Regulations”).

3. Accordingly, SEBI passed Ad interim ex-parte order dated March 29, 2016 (“interim order”), inter-alia, restraining 246 entities from accessing the securities market and buying, selling or dealing in securities, either directly or indirectly, in any manner whatsoever, till further directions. The name of the entities against whom the interim order was passed are as follows:

Order in the matter of Kailash Auto Finance Limited

Sl. No. NAME OF THE ENTITY PAN Company 1. Kailash Auto Finance Ltd. AACCK0928J PROMOTER/PROMOTER RELATED ENTITIES OF KAILASH AUTO 2. Sri Karani Exports Pvt. Ltd. AADCS7710D 3. Radhashyam Dealtrade Pvt. Ltd. AAFCR6225E 4. Build Con Finance Ltd. AAACB4475D KAILASH AUTO GROUP I 5. Bholebaba Suppliers Pvt. Ltd. AADCB8132G 6. Keshavah Dealtrade Pvt. Ltd. AAECK7236R 7. Keshavah Mercantile Pvt. Ltd. AAECK7235N 8. Realstep Tradecom Pvt. Ltd. AAGCR4447R 9. Jai Dada Steel Pvt. Ltd. AACCJ3125C 10. Depandable Consultancy Business Pvt. Ltd. AADCD1443J 11. Fortright Consultants Pvt. Ltd. AACCF2203K 12. Deekay Engineers & Dealers Ltd. AAACD8823B 13. Pragyan Realty Pvt. Ltd. AAHCP1157B 14. Huk Wealth Consultants Pvt. Ltd. AADCH1933R 15. Panchmadhu Projects Pvt. Ltd. AAHCP0443J 16. Mdbp Marketing Service Pvt. Ltd. AAGCM0694K 17. Malakar & Das Broking Services Pvt. Ltd. AAICM6326L 18. Proficient Managerial Solutions Pvt. Ltd. AAHCP1962C 19. Roselife Residency Pvt. Ltd. AAGCR4027D 20. Aryanraj Properties Pvt. Ltd. AALCA5298E 21. Dream Heights Pvt. Ltd. AACCD9717E 22. Sanket Merchandise Pvt. Ltd. AARCS3191G 23. Pradipta Kr Barick/ Supercon Realinfra Pvt. Ltd. AASCS4307H 24. Dhanaasha Developers Pvt. Ltd. AAECD6470G 25. Tremendous Commodeal Pvt. Ltd. AAJCA0881H 26. Arrowlink Enclave Arrowlink Enclave Pvt. Limi AALCA5948F 27. Dhanaseth Properties Pvt. Ltd. AAECD6471H 28. Profitus Commodities Pvt.Ltd. AAHCP2079E 29. Casuarina Projects Pvt. Ltd. AAFCC2180B 30. Sarda Solutions Pvt. Ltd. AATCS2316K 31. Maxtor Conclave Pvt. Ltd. AAICM5727H 32. Seguro Construction Ltd. AASCS9516J KAILASH AUTO GROUP II 33. Nirdesh Trading Pvt. Ltd. AABCN1526E 34. Triala Dealers Pvt. Ltd. AAECT5548F 35. Cheroot Vanijya Pvt. Ltd. AAECC9285A 36. Quickscope Dealers Pvt. Ltd. AANCS8376B Order in the matter of Kailash Auto Finance Limited

Sl. No. NAME OF THE ENTITY PAN 37. Saktimata Marketing Pvt. Ltd. AARCS1549Q 38. Gainsay Property Pvt. Ltd. AAFCG2185A 39. Shivsathi Mercantile Pvt. Ltd. AASCS6284R 40. Sanmati Goods Pvt. Ltd. AAICS9154Q 41. Albino Overseas Pvt. Ltd. AAHCA6112B 42. Levia Trading Pvt. Ltd. AACCL5027D 43. Camellia Vinimay Pvt. Ltd. AADCC5732H 44. Reachsmart Construction Pvt. Ltd. AAGCR4662J 45. Swarnprakash Traders Pvt. Ltd. AATCS6718D 46. Shallot Vincom Pvt. Ltd. AARCS5124P 47. Reachsmart Dealtrade Pvt. Ltd. AAFCR9881C 48. Expression Dealers Pvt. Ltd. AACCE5935D 49. Signature Dealtrade Pvt. Ltd. AAOCS9059G 50. Coral Tradecom Pvt. Ltd. AADCC6854G 51. Goodpoint Impex Pvt. Ltd. AAFCG0606G 52. Rochak Vinimay Pvt. Ltd. AAGCR8142P 53. Goldensight Traders Pvt. Ltd. AAFCG4773J 54. Rochi Dealcom Pvt. Ltd. AAGCR7017M 55. Sensex Distributors Pvt. Ltd. AAPCS2057K 56. Sinjan Overseas Pvt. Ltd. AAMCS8721P 57. Sidhiman Vyapaar Pvt. Ltd. AATCS3687H 58. Vilohit PropertyPvt. Ltd. AAECV1283F 59. Optimistic Mercantile Pvt. Ltd. AABCO3684Q 60. Helot Properties Pvt. Ltd. AACCH8885R 61. Arnab Properties Pvt. Ltd. AAHCA6172H 62. Vishnudham Marketing Pvt. Ltd. AAECV4988P 63. Gajgamini Merchandise Pvt. Ltd. AAFCG2554B 64. Muchmore Vincom Pvt. Ltd. AAICM6982C 65. Antaryami Traders Pvt. Ltd. AALCA7880J 66. Consideration Vincom Pvt. Ltd. Pvt. Ltd. AAECC2491A 67. Duari Marketing Pvt. Ltd. AAECD9323N 68. Dreamlight Exim Pvt. Ltd. AAECD5782B 69. Overarching Dealers Pvt. Ltd. AABCO6949E 70. Shallot Dealtrade Pvt. Ltd. AARCS4827R 71. S K Khemka AFPPK2503Q 72. Goldensight Management Pvt. Ltd. AAFCG0066N 73. Mahamani Tradelink Pvt. Ltd. AAHCM8752F 74. Shallot Tie-Up Pvt. Ltd. AARCS5133J 75. Rajgharana Agencies Pvt. Ltd. AAFCR2462P 76. Mobixa Distributors Pvt. Ltd. AAICM4750C Order in the matter of Kailash Auto Finance Limited

Sl. No. NAME OF THE ENTITY PAN 77. AriseDealcom Pvt. Ltd. AAJCA5108R 78. Rangan Vincom Pvt. Ltd. AAGCR1715E 79. Signet Vinimay Pvt. Ltd. AAMCS1712Q 80. Kapeeshwar Vintrade Pvt. Ltd. AAECK7329P 81. Touchwin Commercial Pvt. Ltd. AAECT1846Q 82. Ladios Trading Pvt. Ltd. AACCL3868N 83. Katyani Commodities Pvt. Ltd. AAECK6244R 84. Runicha Merchants Pvt. Ltd. AAECR0580M 85. Spice Merchants Pvt. Ltd. AAPCS7492G 86. Core Commodities Pvt. Ltd. AAECC2931M PRIMARY ALLOTTEES OF CPAL AND PML 87. Confident Vanijya Pvt. Ltd. AADCC5930D 88. Dhandevi Merchandise Pvt. Ltd. AADCD6493J 89. Fairlink Realtors Consultants Pvt. Ltd. AABCF6890P 90. Intecity Complex Consultants Pvt. Ltd. AACCI4596G 91. Luckydhan Dealtrade Pvt. Ltd. AABCL9100E 92. Mahadhan Vincom Pvt. Ltd. AAGCM8231Q 93. Pushpdant Tradelink Pvt. Ltd. AAFCP7632P 94. Pushpdhara Dealer Pvt. Ltd. AAFCP7061C 95. Pushpmala Vinimay Pvt. Ltd. AAFCP7062B 96. Ranpriya Tradevin Pvt. Ltd. AAECR6282Q 97. Safeline Developers Advisory Pvt. Ltd. AAPCS1176D 98. Saptrishi Agencies Pvt. Ltd. AAPCS0805H 99. Speedwell Enclave Consultancy Pvt. Ltd. AAOCS9967P 100. Super deal Vincom Pvt. Ltd. AAQCS3088M 101. Timel ess Suppliers Pvt. Ltd. AADCT6337P 102. Dhan kuber dealcomm Pvt. Ltd. AADCD6491L 103. Gann ayak Sales Pvt. Ltd. AAECG0461G 104. Heave n Sales Pvt. Ltd. AACCH1686G 105. Manik aran Dealtrade Pvt. Ltd. AAHCM0524B 106. Needf ul Projects Advisory Pvt. Ltd. AADCN4461C 107. Panch shul Marketing Pvt. Ltd. AAFCP7060D 108. Shivra tri Merchants Pvt. Ltd. AAOCS9331B 109. Solty Dealtrade Pvt. Ltd. AAPCS2058G RECIPIENTS OF CPAL AND PML SHARES 110. Sudhi r Jain ALKPJ3343G 111. Rohit Agarwal AONPA7646B 112. Anand Sagar Thakur AEYPT0142A 113. Rudra Prasad Banerjee AVTPB4409J 114. Stepan Commotrade Pvt. Ltd. AADCS9460Q Order in the matter of Kailash Auto Finance Limited

Sl. No. NAME OF THE ENTITY PAN 115. Binod Kumar Toshniwal AFDPT0326E 116. Hanis h Toshniwal AHJPT9222F 117. Santo sh Sharma BFAPS7597Q 118. Needf ul Vincom Pvt. Ltd. AADCN3984C 119. Brijdh ara Merchantile Pvt. Ltd. AAECB2629R 120. Overa ll Vincom Pvt. Ltd. AABCO1200E RECIPIENTS OF CPAL/PML SHARES AND KAILASH AUTO GROUP I 121. Trum p Traders Pvt. Ltd. / Ecstatic Traders Pvt. Ltd. AADCT7498M 122. Shivlin g Mercantile Pvt. Ltd. / Sonnet Mercantile Pvt. AAOCS9332C Ltd. 123. Shivra tri Tradelinks Pvt. Ltd. / Casuarina Tradelink AAOCS7895J Pvt. Ltd. 124. Jatadh ari Marketing Pvt. Ltd. / Wondrous Marketing AACCJ4617K Pvt. Ltd. 125. Overf low Mercandise Pvt. Ltd. / Ecstatic AABCO4034C Merchandise Pvt. Ltd. 126. Sansk riti Vincom Pvt. Ltd. / Pragyan Vincom Pvt. AAPCS2061P Ltd. OTHER 127. Shyam Kanheyalal Vyas ACTPV2787Q 128. Bhara t Bagri HUF AADHB8488A BENEFICIARIES 129. Rahul Agarwal AEXPA9696R 130. Vikas Agrawal AFBPA9883M 131. Om P rakash Agarwal ACIPA3823H 132. Hitesh Ramprakash Chhatwal ADSPC4388E 133. Om P rakash Agarwal HUF AAAHO5501J 134. Rajesh Ramswarup Sarda AHAPS4925M 135. Shilpa Agarwal AHQPK3316G 136. Dhara m Paul ACGPP5575P 137. Neera j Kumar AGVPK7036P 138. Chara njeet Singh ADWPS5227Q 139. Rajesh Ramswarup Sarda HUF AADHS2286M 140. Kavita Jain AANPJ9910B 141. Sanjee v Jain ACFPJ3817P 142. Geeth a Jain ADEPG7030K 143. Veena Rajesh Sarda AHAPS4880R 144. Rama samy Santhamani ALJPS3141G 145. Satish Jain AAFPJ6142B 146. Dhira jkumar Khetan AAWPK2634C 147. Vikran t Kumar Khetan AAWPK2621F Order in the matter of Kailash Auto Finance Limited

Sl. No. NAME OF THE ENTITY PAN 148. Gaura vBhalotia ADAPB9680Q 149. Bhagw ati Devi Patwari AEYPP3706L 150. N.Kan niah AAHPK8800D 151. Nikita Agarwal AOTPA7379H 152. Sanjib Kumar Patwari HUF AAPHS3236R 153. Priyan ka Patwari ALSPK8179K 154. Sarika Patwari ABAPL2442E 155. S K P atwari HUF AAFHS3391K 156. Sanjay Kumar Patwari HUF AASHS7307E 157. Shaila Patwari AJFPP4973M 158. Sanjay Kumar Patwari AFPPP9576G 159. Sanjib Kumar Patwari AFRPP9205L 160. Ashok Mustapure AVRPM3683K 161. Krish naAgrawal ACHPA6428P 162. Nand Kishore Agarwal ACJPA2410P 163. Kulde ep Jaiswal ACVPJ4561C 164. Amit Jain AEFPJ8100B 165. Sajjan Kumar Patwari AEYPP3705K 166. Pratap Uttam Purohit AFZPP9994A 167. Chand adevi Ramswarup Sarda AHAPS4924L 168. Kanch an Jain AAHPJ9207D 169. Sunil Kumar Patwari AFVPP3401L 170. Nitin Jain AEFPJ8101A 171. A K J ain HUF AADHA7322L 172. Adar Kumar Jain ADSPJ5280G 173. Gobin da Chandra Pattanaik AJEPP2669K 174. Ashok Kejriwal HUF AAFHA5405E 175. Gurch arn Singh Baweja AAOPB3690D 176. Mahes h Kumar Khetan AAWPK2620E 177. Sangit a Ketriwal ABTPK2380B 178. Ashok Kumar Kejriwal ADHPK4175C 179. Sweet y Manglani AGAPM6677R 180. Prave en Goud Adhikam ACOPA7454Q 181. Sapna Goud Adhikam ADAPA1398J 182. Ashish Singhania BFWPS0721Q 183. Poona m Makin AEVPM9256K 184. Rame sh Kumar Kedia HUF AAEHR9181H 185. Saurab h Mittal ADDPM5232A 186. Kapil Mittal ADDPM5233B 187. Rekha Ajaykumar Agrawal AASPA2993A Order in the matter of Kailash Auto Finance Limited

Sl. No. NAME OF THE ENTITY PAN 188. Jyoti V ardhan Sonthalia AADHJ8034N 189. Sandh ya Jain AAGPJ0189B 190. Neetu Pratap Kalra AAXPK9087E 191. Abhis hek Agarwal AFTPA0939C 192. Neela m Sonthalia AKVPS1234K 193. Sange eta Sachdev AODPS3657L 194. Vinod Sukhani AYUPS6072L 195. Rajyav ardhan Sonthalia COKPS7477F 196. Laksh mi Devi AADPD8227B 197. Sunil Kumar Jain AAHPJ7196B 198. Sunith a Mundada ABZPM2965N 199. Ashok Kumar Gadodia ACEPG3335Q 200. Aashe sh Kumar Lalwani ACLPL9914H 201. Het R am AFVPR5490R 202. Saloni Bhalotia AIKPK2010L 203. Prash ant Singh Gaur APBPG5512R 204. Moha n Sharma ATUPS1008F 205. Hardi k Loknath Gambhir AWPPG7383P 206. Sunil Kumar Patwari HUF AANHS6750A 207. Dhruv Gaba AQNPG3627J 208. Sande ep Mahendrabhai Shah AADPS4022M 209. Bal K rishna Saraf HUF AAFHB5197N 210. Neena Gaba AHQPG7050H 211. Jolly P athak AHGPP6057P 212. Sunita Goyal AAFPG2351M 213. Pratap sinh Ganpatrao Jadhav AAYPJ1003C 214. Sher S ingh Agarwal AAAHS9623K 215. Dines h Shersingh Agarwal AAAPA5629D 216. Shiv K umar HUF AABHS3053G 217. Pushp a Rani Nagpal AABPN0865H 218. Rajen dra Neminath Shete AACHR9687J 219. Sitaram Ashok Kumar HUF AACHS4243P 220. Rama chandran Ananthan Pothi AACPP8620K 221. Shersi nghAgarwal AADPA3198C 222. Sarda AAEHS0587A 223. Sanjay Kumar Agarwal AAOPA1798H 224. Anand Swaroop Rathi ABLPR8103M 225. Shiv K umar Nathany ABSPN6879P 226. Anshu Agarwal ABYPA0389D 227. Rajesh Rathi ACDPR7543Q Order in the matter of Kailash Auto Finance Limited

Sl. No. NAME OF THE ENTITY PAN 228. Nirma la Devi Gadodia ACEPG3740P 229. Abdu l Jabbar Dagli ACUPD2136L 230. Nilava ti Niminath Shete ACZPS8442H 231. Manis ha Rajendra Shete ACZPS8514N 232. Rajen dra Neminath Shete ACZPS8515P 233. Gaura v Goel ADYPG0561H 234. Gauta m Goel ADYPG0564C 235. Dives h Agarwal AEBPA2498H 236. Manju Rathi AECPR9207C 237. Praka sh Chandra Rathi AECPR9208P 238. Suman lata Gupta AEJPG5741F 239. Vipin Shersingh Agarwal AEZPA0703K 240. Dilipk umar S Jain AFEPJ8660G 241. Rani M ishra AGHPM6638B 242. Shwet a Mishra AGHPM6664K 243. Asha Rani Soni AJEPS8536L 244. Sushil a Tiwari AJEPT8702F 245. Uma S arda AKBPS4386G 246. Niran jan Rajendra Shete BOTPS0314D

4. Subsequently, five confirmatory orders dated June 15, 2016, September 30, 2016, October 21, 2016, October 27, 2016 and July 13, 2017 were passed, inter-alia, confirming the directions passed in the interim order against 241 entities.

5. Pursuant to the interim order, SEBI conducted a detailed investigation into the role of various entities in price manipulation in the scrip of Kailash Auto so as to ascertain the violation of securities laws. Upon completion of investigation by SEBI, investigation did not find any adverse evidence/adverse findings in respect of violation of provisions of the PFUTP Regulations in respect of the following 244 entities (against whom directions were issued vide the interim order and/or confirmatory orders) warranting continuation of action under Section 11B r/w 11(4) of the Act. The details of the 244 entities are as follows:-

Order in the matter of Kailash Auto Finance Limited

Sl. No. NAME OF THE ENTITY PAN 1 Kailash Auto Finance Ltd. AACCK0928J 2 Sri Karani Exports Pvt. Ltd. AADCS7710D 3 Radhashyam Dealtrade Pvt. Ltd. AAFCR6225E 4 Build Con Finance Ltd. AAACB4475D 5 Keshavah Dealtrade Pvt. Ltd. AAECK7236R 6 Keshavah Mercantile Pvt. Ltd. AAECK7235N 7 Realstep Tradecom Pvt. Ltd. AAGCR4447R 8 Jai Dada Steel Pvt. Ltd. AACCJ3125C 9 Depandable Consultancy Business Pvt. Ltd. AADCD1443J 10 Fortright Consultants Pvt. Ltd. AACCF2203K 11 Deekay Engineers & Dealers Ltd. AAACD8823B 12 Pragyan Realty Pvt. Ltd. AAHCP1157B 13 Huk Wealth Consultants Pvt. Ltd. AADCH1933R 14 Panchmadhu Projects Pvt. Ltd. AAHCP0443J 15 Mdbp Marketing Service Pvt. Ltd. AAGCM0694K 16 Malakar & Das Broking Services Pvt. Ltd. AAICM6326L 17 Proficient Managerial Solutions Pvt. Ltd. AAHCP1962C 18 Roselife Residency Pvt. Ltd. AAGCR4027D 19 Aryanraj Properties Pvt. Ltd. AALCA5298E 20 Dream Heights Pvt. Ltd. AACCD9717E 21 Sanket Merchandise Pvt. Ltd. AARCS3191G 22 Pradipta Kr Barick/ Supercon Realinfra Pvt. Ltd. AASCS4307H 23 Dhanaasha Developers Pvt. Ltd. AAECD6470G 24 Tremendous Commodeal Pvt. Ltd. AAJCA0881H 25 Arrowlink Enclave Arrowlink Enclave Pvt. Limi AALCA5948F 26 Dhanaseth Properties Pvt. Ltd. AAECD6471H 27 Profitus Commodities Pvt.Ltd. AAHCP2079E 28 Casuarina Projects Pvt. Ltd. AAFCC2180B 29 Sarda Solutions Pvt. Ltd. AATCS2316K 30 Maxtor Conclave Pvt. Ltd. AAICM5727H 31 Seguro Construction Ltd. AASCS9516J 32 Nirdesh Trading Pvt. Ltd. AABCN1526E 33 Triala Dealers Pvt. Ltd. AAECT5548F 34 Cheroot Vanijya Pvt. Ltd. AAECC9285A 35 Quickscope Dealers Pvt. Ltd. AANCS8376B 36 Saktimata Marketing Pvt. Ltd. AARCS1549Q 37 Gainsay Property Pvt. Ltd. AAFCG2185A 38 Shivsathi Mercantile Pvt. Ltd. AASCS6284R 39 Sanmati Goods Pvt. Ltd. AAICS9154Q 40 Albino Overseas Pvt. Ltd. AAHCA6112B Order in the matter of Kailash Auto Finance Limited

Sl. No. NAME OF THE ENTITY PAN 41 Levia Trading Pvt. Ltd. AACCL5027D 42 Camellia Vinimay Pvt. Ltd. AADCC5732H 43 Reachsmart Construction Pvt. Ltd. AAGCR4662J 44 Swarnprakash Traders Pvt. Ltd. AATCS6718D 45 Shallot Vincom Pvt. Ltd. AARCS5124P 46 Reachsmart Dealtrade Pvt. Ltd. AAFCR9881C 47 Expression Dealers Pvt. Ltd. AACCE5935D 48 Signature Dealtrade Pvt. Ltd. AAOCS9059G 49 Coral Tradecom Pvt. Ltd. AADCC6854G 50 Goodpoint Impex Pvt. Ltd. AAFCG0606G 51 Rochak Vinimay Pvt. Ltd. AAGCR8142P 52 Goldensight Traders Pvt. Ltd. AAFCG4773J 53 Rochi Dealcom Pvt. Ltd. AAGCR7017M 54 Sensex Distributors Pvt. Ltd. AAPCS2057K 55 Sinjan Overseas Pvt. Ltd. AAMCS8721P 56 Sidhiman Vyapaar Pvt. Ltd. AATCS3687H 57 Vilohit PropertyPvt. Ltd. AAECV1283F 58 Optimistic Mercantile Pvt. Ltd. AABCO3684Q 59 Helot Properties Pvt. Ltd. AACCH8885R 60 Arnab Properties Pvt. Ltd. AAHCA6172H 61 Vishnudham Marketing Pvt. Ltd. AAECV4988P 62 Gajgamini Merchandise Pvt. Ltd. AAFCG2554B 63 Muchmore Vincom Pvt. Ltd. AAICM6982C 64 Antaryami Traders Pvt. Ltd. AALCA7880J 65 Consideration Vincom Pvt. Ltd. Pvt. Ltd. AAECC2491A 66 Duari Marketing Pvt. Ltd. AAECD9323N 67 Dreamlight Exim Pvt. Ltd. AAECD5782B 68 Overarching Dealers Pvt. Ltd. AABCO6949E 69 Shallot Dealtrade Pvt. Ltd. AARCS4827R 70 S K Khemka AFPPK2503Q 71 Goldensight Management Pvt. Ltd. AAFCG0066N 72 Mahamani Tradelink Pvt. Ltd. AAHCM8752F 73 Shallot Tie-Up Pvt. Ltd. AARCS5133J 74 Rajgharana Agencies Pvt. Ltd. AAFCR2462P 75 Mobixa Distributors Pvt. Ltd. AAICM4750C 76 AriseDealcom Pvt. Ltd. AAJCA5108R 77 Rangan Vincom Pvt. Ltd. AAGCR1715E 78 Signet Vinimay Pvt. Ltd. AAMCS1712Q 79 Kapeeshwar Vintrade Pvt. Ltd. AAECK7329P 80 Touchwin Commercial Pvt. Ltd. AAECT1846Q Order in the matter of Kailash Auto Finance Limited

Sl. No. NAME OF THE ENTITY PAN 81 Ladios Trading Pvt. Ltd. AACCL3868N 82 Katyani Commodities Pvt. Ltd. AAECK6244R 83 Runicha Merchants Pvt. Ltd. AAECR0580M 84 Spice Merchants Pvt. Ltd. AAPCS7492G 85 Core Commodities Pvt. Ltd. AAECC2931M 86 Confident Vanijya Pvt. Ltd. AADCC5930D 87 Dhandevi Merchandise Pvt. Ltd. AADCD6493J 88 Fairlink Realtors Consultants Pvt. Ltd. AABCF6890P 89 Intecity Complex Consultants Pvt. Ltd. AACCI4596G 90 Luckydhan Dealtrade Pvt. Ltd. AABCL9100E 91 Mahadhan Vincom Pvt. Ltd. AAGCM8231Q 92 Pushpdant Tradelink Pvt. Ltd. AAFCP7632P 93 Pushpdhara Dealer Pvt. Ltd. AAFCP7061C 94 Pushpmala Vinimay Pvt. Ltd. AAFCP7062B 95 Ranpriya Tradevin Pvt. Ltd. AAECR6282Q 96 Safeline Developers Advisory Pvt. Ltd. AAPCS1176D 97 Saptrishi Agencies Pvt. Ltd. AAPCS0805H 98 Speedwell Enclave Consultancy Pvt. Ltd. AAOCS9967P 99 Superdeal Vincom Pvt. Ltd. AAQCS3088M 100 Timeless Suppliers Pvt. Ltd. AADCT6337P 101 Dhankuber dealcomm Pvt. Ltd. AADCD6491L 102 Gannayak Sales Pvt. Ltd. AAECG0461G 103 Heaven Sales Pvt. Ltd. AACCH1686G 104 Manikaran Dealtrade Pvt. Ltd. AAHCM0524B 105 Needful Projects Advisory Pvt. Ltd. AADCN4461C 106 Panchshul Marketing Pvt. Ltd. AAFCP7060D 107 Shivratri Merchants Pvt. Ltd. AAOCS9331B 108 Solty Dealtrade Pvt. Ltd. AAPCS2058G 109 Sudhir Jain ALKPJ3343G 110 Rohit Agarwal AONPA7646B 111 Anand Sagar Thakur AEYPT0142A 112 Rudra Prasad Banerjee AVTPB4409J 113 Stepan Commotrade Pvt. Ltd. AADCS9460Q 114 Binod Kumar Toshniwal AFDPT0326E 115 Hanish Toshniwal AHJPT9222F 116 Santosh Sharma BFAPS7597Q 117 Needful Vincom Pvt. Ltd. AADCN3984C 118 Brijdhara Merchantile Pvt. Ltd. AAECB2629R 119 Trump Traders Pvt. Ltd. / Ecstatic Traders Pvt. Ltd. AADCT7498M

Order in the matter of Kailash Auto Finance Limited

Sl. No. NAME OF THE ENTITY PAN 120 Shivling Mercantile Pvt. Ltd. / Sonnet Mercantile Pvt. AAOCS9332C Ltd. 121 Shivratri Tradelinks Pvt. Ltd. / Casuarina Tradelink AAOCS7895J Pvt. Ltd. 122 Jatadhari Marketing Pvt. Ltd. / Wondrous Marketing AACCJ4617K Pvt. Ltd. 123 Overflow Mercandise Pvt. Ltd. / Ecstatic AABCO4034C Merchandise Pvt. Ltd. 124 Sanskriti Vincom Pvt. Ltd. / Pragyan Vincom Pvt. AAPCS2061P Ltd. 125 Shyam Kanheyalal Vyas ACTPV2787Q 126 Bharat Bagri HUF AADHB8488A 127 Rahul Agarwal AEXPA9696R 128 Vikas Agrawal AFBPA9883M 129 Om Prakash Agarwal ACIPA3823H 130 Hitesh Ramprakash Chhatwal ADSPC4388E 131 Om Prakash Agarwal HUF AAAHO5501J 132 Rajesh Ramswarup Sarda AHAPS4925M 133 Shilpa Agarwal AHQPK3316G 134 Dharam Paul ACGPP5575P 135 Neeraj Kumar AGVPK7036P 136 Charanjeet Singh ADWPS5227Q 137 Rajesh Ramswarup Sarda HUF AADHS2286M 138 Kavita Jain AANPJ9910B 139 Sanjeev Jain ACFPJ3817P 140 Geetha Jain ADEPG7030K 141 Veena Rajesh Sarda AHAPS4880R 142 Ramasamy Santhamani ALJPS3141G 143 Satish Jain AAFPJ6142B 144 Dhirajkumar Khetan AAWPK2634C 145 Vikrant Kumar Khetan AAWPK2621F 146 GauravBhalotia ADAPB9680Q 147 Bhagwati Devi Patwari AEYPP3706L 148 N.Kanniah AAHPK8800D 149 Nikita Agarwal AOTPA7379H 150 Sanjib Kumar Patwari HUF AAPHS3236R 151 Priyanka Patwari ALSPK8179K 152 Sarika Patwari ABAPL2442E 153 S K Patwari HUF AAFHS3391K 154 Sanjay Kumar Patwari HUF AASHS7307E 155 Shaila Patwari AJFPP4973M Order in the matter of Kailash Auto Finance Limited

Sl. No. NAME OF THE ENTITY PAN 156 Sanjay Kumar Patwari AFPPP9576G 157 Sanjib Kumar Patwari AFRPP9205L 158 Ashok Mustapure AVRPM3683K 159 KrishnaAgrawal ACHPA6428P 160 Nand Kishore Agarwal ACJPA2410P 161 Kuldeep Jaiswal ACVPJ4561C 162 Amit Jain AEFPJ8100B 163 Sajjan Kumar Patwari AEYPP3705K 164 Pratap Uttam Purohit AFZPP9994A 165 Chandadevi Ramswarup Sarda AHAPS4924L 166 Kanchan Jain AAHPJ9207D 167 Sunil Kumar Patwari AFVPP3401L 168 Nitin Jain AEFPJ8101A 169 A K Jain HUF AADHA7322L 170 Adar Kumar Jain ADSPJ5280G 171 Gobinda Chandra Pattanaik AJEPP2669K 172 Ashok Kejriwal HUF AAFHA5405E 173 Gurcharn Singh Baweja AAOPB3690D 174 Mahesh Kumar Khetan AAWPK2620E 175 Sangita Ketriwal ABTPK2380B 176 Ashok Kumar Kejriwal ADHPK4175C 177 Sweety Manglani AGAPM6677R 178 Praveen Goud Adhikam ACOPA7454Q 179 Sapna Goud Adhikam ADAPA1398J 180 Ashish Singhania BFWPS0721Q 181 Poonam Makin AEVPM9256K 182 Ramesh Kumar Kedia HUF AAEHR9181H 183 Saurabh Mittal ADDPM5232A 184 Kapil Mittal ADDPM5233B 185 Rekha Ajaykumar Agrawal AASPA2993A 186 Jyoti Vardhan Sonthalia AADHJ8034N 187 Sandhya Jain AAGPJ0189B 188 Neetu Pratap Kalra AAXPK9087E 189 Abhishek Agarwal AFTPA0939C 190 Neelam Sonthalia AKVPS1234K 191 Sangeeta Sachdev AODPS3657L 192 Vinod Sukhani AYUPS6072L 193 Rajyavardhan Sonthalia COKPS7477F 194 Lakshmi Devi AADPD8227B 195 Sunil Kumar Jain AAHPJ7196B Order in the matter of Kailash Auto Finance Limited

Sl. No. NAME OF THE ENTITY PAN 196 Sunitha Mundada ABZPM2965N 197 Ashok Kumar Gadodia ACEPG3335Q 198 Aashesh Kumar Lalwani ACLPL9914H 199 Het Ram AFVPR5490R 200 Saloni Bhalotia AIKPK2010L 201 Prashant Singh Gaur APBPG5512R 202 Mohan Sharma ATUPS1008F 203 Hardik Loknath Gambhir AWPPG7383P 204 Sunil Kumar Patwari HUF AANHS6750A 205 Dhruv Gaba AQNPG3627J 206 Sandeep Mahendrabhai Shah AADPS4022M 207 Bal Krishna Saraf HUF AAFHB5197N 208 Neena Gaba AHQPG7050H 209 Jolly Pathak AHGPP6057P 210 Sunita Goyal AAFPG2351M 211 Pratapsinh Ganpatrao Jadhav AAYPJ1003C 212 Sher Singh Agarwal AAAHS9623K 213 Dinesh Shersingh Agarwal AAAPA5629D 214 Shiv Kumar HUF AABHS3053G 215 Pushpa Rani Nagpal AABPN0865H 216 Rajendra Neminath Shete AACHR9687J 217 Sitaram Ashok Kumar HUF AACHS4243P 218 Ramachandran Ananthan Pothi AACPP8620K 219 ShersinghAgarwal AADPA3198C 220 Sarda AAEHS0587A 221 Sanjay Kumar Agarwal AAOPA1798H 222 Anand Swaroop Rathi ABLPR8103M 223 Shiv Kumar Nathany ABSPN6879P 224 Anshu Agarwal ABYPA0389D 225 Rajesh Rathi ACDPR7543Q 226 Nirmala Devi Gadodia ACEPG3740P 227 Abdul Jabbar Dagli ACUPD2136L 228 Nilavati Niminath Shete ACZPS8442H 229 Manisha Rajendra Shete ACZPS8514N 230 Rajendra Neminath Shete ACZPS8515P 231 Gaurav Goel ADYPG0561H 232 Gautam Goel ADYPG0564C 233 Divesh Agarwal AEBPA2498H 234 Manju Rathi AECPR9207C 235 Prakash Chandra Rathi AECPR9208P Order in the matter of Kailash Auto Finance Limited

Sl. No. NAME OF THE ENTITY PAN 236 Sumanlata Gupta AEJPG5741F 237 Vipin Shersingh Agarwal AEZPA0703K 238 Dilipkumar S Jain AFEPJ8660G 239 Rani Mishra AGHPM6638B 240 Shweta Mishra AGHPM6664K 241 Asha Rani Soni AJEPS8536L 242 Sushila Tiwari AJEPT8702F 243 Uma Sarda AKBPS4386G 244 Niranjan Rajendra Shete BOTPS0314D

6. Considering the fact that there are no adverse findings against the aforementioned 244 entities with respect to their role in the manipulation of the scrip of Kailash Auto, I am of the considered view that the directions issued against them vide interim order dated March 29, 2016 and confirmatory orders dated June 15, 2016, September 30, 2016, October 21, 2016, October 27, 2016 and July 13, 2017 are liable to be revoked.

7. In view of the foregoing, I, in exercise of the powers conferred upon me under Section 19 of the Securities and Exchange Board of India Act, 1992 read with Sections 11, 11(4) and 11B of the SEBI Act, hereby revoke the interim order dated March 29, 2016 and confirmatory orders dated June 15, 2016, September 30, 2016, October 21, 2016, October 27, 2016 and July 13, 2017 qua aforesaid 244 entities (paragraph 5 above) with immediate effect.

8. The revocation of the directions issued vide the abovementioned orders (at paragraph 7) is only in respect of the entities mentioned at paragraph 5 of this order in the matter of Kailash Auto. As regards remaining entities in the scrip of Kailash Auto, violations under SEBI Act, PFUTP Regulations, etc., were observed and SEBI shall continue its proceedings against them. Hence, the directions issued vide confirmatory order dated June 15, 2016 against the remaining 2 entities shall continue. This revocation order is without prejudice to any other action SEBI may initiate as per law

Order in the matter of Kailash Auto Finance Limited

9. A copy of this Order shall be served on the Stock Exchanges and Depositories, for necessary action.

-Sd-

DATE: SEPTEMBER 21, 2017 MADHABI PURI BUCH PLACE: MUMBAI WHOLE TIME MEMBER SECURITIES AND EXCHANGE BOARD OF INDIA

Order in the matter of Kailash Auto Finance Limited