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The Economic Times
The Economic Times
Business
Akash Podishetti

Sebi bars Trafiksol ITS, promoters for 1 year for misleading IPO disclosures

SEBI IPO Oasis BSE

Sebi has barred Trafiksol ITS Technologies and its promoters Jitendra Narayan Das and Poonam Das from the securities market for one year in connection with alleged misleading disclosures in the company’s SME IPO.

The regulator also imposed monetary penalties on the company and the two promoters. Trafiksol has been directed to pay Rs 30 lakh, Jitendra Das Rs 50 lakh and Poonam Das Rs 25 lakh, according to a final order passed by Sebi whole-time member Amarjeet Singh.

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