PR No.

153/2015

Show cause notice cum Interim order in the matter of STPL Infrastructures Limited

Shri S Raman, Whole Time Member, Securities and Exchange Board of India (SEBI), has prima-facie found that
STPL Infrastructures Limited (Company) having its registered office at Survey No. 61, 64, 66, 67, Plot No. 37 B,
Suraj Nagar, Ward No-New 5, Sagar Tal Chouraha, P.O.- S.P. Aashra, Gwalior 474012 (Madhya Pradesh) has
been illegally raising money from public and accordingly passed an interim order dated June 05, 2015 against the
company and its promoters/directors, Shri Arindam Sarkar, Shri Swapan Nandi, Shri Dulal Chatterjee and its
Debenture Trustee, viz. STPL Debenture Trust (represented by Shri Amit Biswas) under the SEBI Act, 1992 read
with SEBI (Issue and Listing of Debt Securities) Regulations, 2008 and SEBI (Debenture Trustees) Regulations,
1993. The Order, inter-alia directs as under:
The company shall forthwith cease to mobilize any fresh funds from investors through the Offer of Nonconvertible Redeemable Secured Debentures ("NCDs") or through the issuance of equity shares or any other
securities, to the public and/or invite subscription, in any manner whatsoever, either directly or indirectly.
The company and its directors are prohibited from issuing prospectus or any offer document or issue
advertisement for soliciting money from the public for the issue of securities, in any manner whatsoever, either
directly or indirectly.
The company and its directors, are restrained from accessing the securities market and further prohibited from
buying, selling or otherwise dealing in the securities market, either directly or indirectly.
The company and its directors shall provide full inventory of all their assets and properties.
The company and its directors shall not dispose off any of the properties or alienate or encumber any of the
assets owned/acquired by the company through the offer of Non-Convertible Redeemable Secured
Debentures ("NCDs").
The company and its present/past directors shall not divert any funds raised from public at large through the
Offer of NCDs, which are kept in bank account(s) and/or in the custody of the company.
The Debenture Trustee, viz. STPL Debenture Trust is prohibited from continuing with his present assignment
as debenture trustee in respect of the Offer of NCDs of the company and also from taking up any new
assignment or involvement in any new issue of debentures, etc. in a similar capacity.
The company was engaged in fund mobilizing activity from the public through Offer of NCDs without complying with
the relevant provisions of the Companies Act, 1956 and provisions of the SEBI (Issue and Listing of Debt Securities)
Regulations, 2008.
The full text of the order is available on the website: www.sebi.gov.in.

Mumbai
June 09, 2015

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