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| Exchange Received Time 24/11/2017 18:32:35 Exchange Disseminated Time 24/11/2017 18:32:41 Time Taken 00:00:06 | We would like to bring to your kind notice that the order issued by SEBI emanates from an enquiry conducted by the Adjudicating Officer ('the AO') appointed by SEBI to ascertain whether Aditya Birla Money Limited ('ABML') indulged in activities which are akin to Portfolio Management Services (PMS) through its registration as a Stock Broker for its research recommendations during the year 2010. The AO has levied a penalty of Rs.10,00,000/- under Section 15HB of the SEBI Act, 1992. ABML has yet to receive original copy of Order from SEBI. A copy of the order as obtained from SEBI's website is attached herewith for your kind reference.
We would further like to inform you that ABML has an option to file an appeal before the Securities Appellate Tribunal ('SAT') within 45 days from the date of receipt of the Order of the AO.
This is for your information and record please.
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