Hello friends, a new notice has been issued by SEBI. Today, I am going to provide you with information regarding this very notice specifically, what details SEBI has conveyed to all investors through it. Before we begin this video, I would like to request that if you haven’t subscribed to the channel yet, please do so;
and don’t forget to press the bell icon alongside it so that you receive notifications for our next video first. Alright friends, let’s begin today’s video. Friends, I regularly upload videos related to the PSL refund process on my channel. Whenever a new notice is issued by SEBI, I make sure to inform all investors about it. Just a short while ago, SEBI issued a new notice. You can view this notice right here on your screen. As you can see, the entire notice is in English. It is a two-page document. Take a look. Now, for your convenience,
I will translate it into Hindi. So, friends, I have now translated this notice into Hindi. You can read the notice yourself right here, and I will also read it out to you to explain exactly what information has been provided. At the very top, it reads: “Public Notice regarding the matter of PSL Limited.” This is followed by: “Information for Applicants or Objectors: Category B Applications.” Point Number 1: The Honorable Supreme Court of India, in its order dated 19.02.2016—passed in Civil Appeal No. 13301/2015 (Subrata Bhattacharya vs. SEBI & Ors.) and connected matters—has directed that interim applications falling under Category B shall be examined and adjudicated by the Recovery Officers appointed under Section 28 of the SEBI Act, 1992. Next, Point Number
2: These applications pertain to claims or objections regarding assets allegedly acquired by PSL Limited or its associate entities, wherein the applicants assert independent ownership rights or seek the exclusion of such assets from the list of attached properties. Point Number Three: Please note, Point Number Three consists of the following instructions: Point 1: All applications falling under Category B—including those listed in Annexure I of the aforementioned Order dated February 19, 2026—shall be placed before the Recovery Officers for adjudication, in accordance with Section 28A of the SEBI Act, 1992 (read in conjunction with the Second Schedule of the Income Tax Act, 1961). Point 2: Applicants may submit additional documentary evidence, if any, in support of their claims on or before March 20, 2026. Point 3: The date and time for the hearing of each application shall be uploaded on the SEBI website at least one week in advance; such
publication shall be deemed to constitute sufficient notice to the concerned parties. Point 4: Hearings may be conducted in a hybrid mode—either through physical presence or via video conferencing. Point 5: *Status quo* shall be maintained with respect to the concerned assets until orders are passed by the Recovery Officers, and for an additional period of 15 days thereafter, to allow for the filing of an appeal before the Securities Appellate Tribunal (located in Mumbai), should it be deemed necessary. Point 6: If no appeal is filed within the stipulated period, the Recovery Officers may proceed with the sale or auction of the assets in accordance with the law. This concludes Page Number One. Now, let us look at Page Number Two. Here is Page Number Two. Please observe Point 4, which concerns the submission of documents or correspondence:
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The designated Nodal Officer-cum-Secretary—Justice (Retd.) R.M. Lodha Committee (in the matter of PACL Ltd.)—at the Securities and Exchange Board of India (SEBI) may be contacted at the following address: SEBI Bhavan, Plot No. C4-A, ‘G’ Block, Bandra-Kurla Complex, Bandra, Mumbai. The email address provided is: objections-pacl@sebi.gov.in. Point 5 states that further information and the schedule of hearings shall be uploaded on the SEBI website (www.sebi.gov.in) from time to time. Thus, this notice consisted of two pages. I have now read the entire text out to you. You may also read it yourself; it contains information specifically intended for investors.