SEBI bars Trafiksol, promoters from markets for a year

Sebi bars Trafiksol ITS, promoters for 1 year for misleading IPO disclosures

Sebi has banned Trafiksol and its promoters from the securities market for one year. Monetary penalties were also imposed on the company and its two promoters. The regulator found misleading financial disclosures and inflated revenue figures in the company's IPO documents. Sebi also noted concealment of material facts and submission of false information regarding Oasis Corpcare. The IPO was unwound after Sebi directed Trafiksol to refund investo…

SEBI bars Trafiksol, promoters from markets for a year

SEBI bans Trafiksol and its promoters for one year due to misleading IPO disclosures and a fabricated software quotation.