Markets regulator Securities and Exchange Board of India (SEBI) has imposed a total penalty of Rs 18 lakh on Linaks Microelectronics and its two promoters for not complying with shareholding disclosure norms. The order has come following an investigation by SEBI into the shareholding of Linaks Microelectronics during September to December 2014.
According to a Sebi order, the firm and the two promoters -- Anil Kumar Singh and Meena Singh -- had not made relevant disclosures as required under the Prohibition of Insider Trading (PIT) Regulations and Substantial Acquisition of Shares and Takeovers (SAST) Regulations to the BSE.
The company manufacturers and exporters professional grade single side and double side PCB. The company is one of the leading PCB manufacturers in India.
