SEBI Notification: Pertaining to the IPO irregularities order of
2007, restraining Karvy Fintech's role as a Registrar to various corporate IPO’s,
SEBI has, on 3rd Feb 2014, disposed of the proceedings on this matter pertaining
to KCPL, without passing any further directions. SEBI clarified that no fresh penalty
will be imposed and the company can continue business as usual. Hence, the matter
has now come to a finality without any further implication or impact on our business
and the company continues to undertake regular business in an unfettered manner.