INVESTIGATION DEPARTMENT

CIRCULAR

Circular No: NSE/INVG/2009/323

Download No: NSE/INVG/2009/12796 July 28, 2009

Dear Members,

Sub: SEBI order in the matter of Alka Securities Limited.

SEBI vide its ad interim ex-parte order dated July 28, 2009 has restrained the promoters of Alka Securities Limited viz. Ms. Alka M Pandey (Permanent Account Number-AGEPP1076H), Mr. Ravi Pandey (Permanent Account Number AGOPP9246R), Mr. Mahesh Natvarlal Kothari (Permanent Account Number AACPK2951Q), Ms. Anjuben Kothari (Permanent Account Number ALRTK7038C), Mr. Brijesh Kothari (Permanent Account Number AACPK8359C), Ms. Dimple Kothari (Permanent Account Number AKBPK7311D), Mr. Mahendra Pandey (Permanent Account Number AACPP5315K) and Mayuresh Estate Agent from accessing the securities market and further prohibited from buying, selling, dealing in securities in any manner whatsoever, until further orders.

Further, SEBI has directed Alka Securities Limited not to issue any equity shares or any other instrument convertible into equity shares, in any manner, and not alter its capital structure in any manner, till further directions in this regard. The stock brokers, Alka Securities Limited (Permanent Account Number AAACA4835E) and Mahesh Kothari Shares & Stock Brokers Limited (Permanent Account Numbers - AAACM3001E and AAACM3199H) have been prohibited from buying, selling or dealing in any securities on their respective proprietary/ own account, until further orders. Also, the stock brokers, Alka Securities Limited and Mahesh Kothari Shares & Stock Brokers Limited have been directed not to take fresh clients with immediate effect until further orders.

This order shall come into force with immediate effect.

The detailed order is available on SEBI website (http://www.sebi.gov.in). Further, the consolidated list of such entities is available on the Exchange website http://www.nseindia.com home page under “Communiqué – Regulatory Actions”.

Members are advised to take note of the above and ensure compliance.

For National Stock Exchange of India Limited

Nisha Subhash

Asst. Vice President