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FPIs, KYC, Foreign Portfolio Investors, SEBI, News

Sebi Intervenes in Kavit Industries's Activities, Revokes Certain Management Decisions

In an order, the regulator said upon completion of forensic audit by BSE and subsequent receipt of forensic audit report and supporting papers by it, no evidence or supporting documents were found to substantiate the role of promoter entities with respect to misuse or misrepresentation in financials of Kavit Industries.

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