Brief: J Kumar Infraprojects Updates on SEBI Order Against Co

J Kumar Infraprojects

01/10/2018 08:54

Oct 1 (Reuters) - J Kumar Infraprojects Ltd  JKIP.NS :
    * SEBI PASSED INTERIM ORDER IN WHICH IT HAS RECORDED CERTAIN
PRIMA
FACIE FINDINGS AGAINST CO
    * SAYS ORDER SHALL HAVE NO CONSEQUENCE ON TRADING IN SCRIP
OF
COMPANY
    * FROM ORDER IT IS CLEAR THAT CO IS NOT A SHELL COMPANY
    * ORDER WILL HAVE NO CONSEQUENCE OR EMBARGO ON LIQUIDITY OF
TRADING OF COMPANY ON STOCK EXCHANGE
    * ORDER IS NOT FINAL AND SEBI HAS ASKED EXCHANGE TO APPOINT
INDEPENDENT FORENSIC AUDITOR TO CONDUCT FORENSIC AUDIT OF CO

Source text: https://reut.rs/2IwmlRS
Further company coverage:  JKIP.NS 

 ((Reuters.Briefs@thomsonreuters.com;))