Securities and Exchange Board of India (SEBI) issues multiple “order for compliance” notifications connected to recovery certificates in the matter of Excel Castronics Limited. The orders concern actions involving two parties: Ashi Texfab Pvt. Ltd. and Mr. Ashi Arunkumar Tulsian.
According to the SEBI postings, SEBI issues a release order tied to Recovery Certificate No. 6285 of 2023 against Mr. Ashi Arunkumar Tulsian in the Excel Castronics Limited matter. A separate SEBI order also records a cancellation related to Recovery Certificate No. 6285 of 2023 involving the same person.
In addition, SEBI issues a cancellation order connected to Recovery Certificate No. 6284 of 2023 against Ashi Texfab Pvt. Ltd. The feed also contains a later release order related to Recovery Certificate No. 6284 of 2025 against Ashi Texfab Pvt Ltd in the same Excel Castronics Limited matter.
The notifications reflect changes in the status of specific recovery certificates through cancellation and release orders, as listed by SEBI.
