SEBI imposes penalty of Rs 10.25 crore on Commex Technology

Commex Technology Ltd. | IT - Software | IT & ITES | BSE: 532342 | NSE:

01 Jun 2022 Evaluate

Capital markets regulator -- SEBI has imposed a penalty of Rs 10.25 crore on Commex Technology in a case related to manipulation of GDR (Global Depository Receipts) issued by the company. In addition, Sebi levied a fine of Rs 5 lakh each on Adi Cooper and Kishor Hegde in the matter.

The Securities and Exchange Board of India (Sebi) conducted an investigation into the GDR issued by Commex Technology for the period May to June 2009.

Commex Technology is an established technology & consulting service provider and is in the Capital & Commodities market space through its various Products and Solutions.

Peers

Company Name	CMP
TCS	2083.95
Infosys	1000.95
HCL Technologies	1259.40
Wipro	164.15
Tech Mahindra	1547.00
View more..

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.