SEBI the matter of Option One Industries Limited (OOIL) - Mcx

Market Operations - Investigation Department
Circular No.: MCX-SX/ID/2459/2014
December 17, 2014
SEBI the matter of Option One Industries Limited (OOIL) and its directors
SEBI vide its order no: WTM/SR/ILO/116/12/2014 dated December 16, 2014 has issued the following
directions against Option One Industries Ltd. & its directors namely Mr. Vishal Masih (PAN ALRPM9497P), Mr. Anuj Jain (PAN - ALIPJ5869M), Mr. Rohit Singhai (PAN - CCDPS1488R), Mr. Sameer
Agarwal, Optionone Trade and Mercantile Pvt. Ltd., Mr. Rajendra Agarwal (PAN - AESPA2305N),
Mr.Vivek Chaurasia (PAN - AHVPC3063F), Mr. Vinod Kumar Shrivastava (PAN - CMCPS8260C),
Advantage Tradecom India Pvt. Ltd. (PAN - AAHCA6607P), Mr. Sunil Pahadiya (PAN - AQWPP9097L)
and Mr. Sachin Jain (PAN - AIDPJ5469P) i.
They shall not mobilize any further funds from investors through the offer of NCDs or
through the issuance of equity shares or any other securities, to the public and/or invite
subscription, in any manner whatsoever, either directly or indirectly till further orders;
They are prohibited from issuing prospectus or any offer document or issue advertisement
for soliciting money from the public for the issue of securities, in any manner whatsoever,
either directly or indirectly, till further orders;
They are restrained from accessing the securities market and further prohibited from buying,
selling or otherwise dealing in the securities market, either directly or indirectly, till further
They shall provide a full inventory of all its assets and properties;
They shall not dispose of any of the properties or alienate or encumber any of the assets
owned/acquired by that company through the offer of NCDs, without prior permission from
They shall not divert any funds raised from the public at large through the offer of NCDs,
which are kept in bank account(s) and/or in the custody;
They shall furnish complete and relevant and necessary information, as sought by SEBI within
21 days from the date of receipt of this order.
Mr. Devendra Pahadiya is prohibited from continuing with his present assignment as a
debenture trustee in respect of the offer of NCDs of OOIL and also from taking up any new
assignment or involvement in any new issue of debentures, etc. in a similar capacity, from
the date of this order till further directions.
Mr. Sameer Agarwal and Mr. Devendra Pahadiya are advised to provide their PAN details
along with their reply.
The above directions shall take effect immediately and shall be in force until further orders.
The full text of the order is available on SEBI’s website [ ]. Members of the Exchange
are advised to take note of the above and ensure compliance.
For and on behalf of
MCX Stock Exchange Ltd.
Prachi Lendhe
Sr. Manager
----------------------------------------------- Corporate office -----------------------------------------MCX Stock Exchange Limited - CIN - U65999MH2008PLC185856
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Mumbai – 400098.
Tel.: 022 – 61129000, Fax: 022 – 61129009 email: [email protected]