Patels Airtemp Settles Disclosure Violation Case With Sebi

New Delhi: Patels Airtemp (India) has settled a case with capital markets regulator Sebi related to an alleged violation of disclosure rules by paying a settlement amount of Rs28.53 lakh. Heavy machinery company Patels Airtemp (India) is a BSE-listed entity. The order came after Patels Airtemp proposed to settle the instant proceedings, without ‘admitting or denying the findings of facts and conclusions of law’, through a settlement order and filed a settlement application.