NSEGeneral Updates1 Jul 2026 · 1 Jul 2026, 06:49 pm
General Updates
Nandan Denim Limited · NDL
✦ AI Summary▼ NegativeRegulatory
Nandan Denim Limited has informed the Exchange about General Updates regarding a Securities and Exchange Board of India (SEBI) Final Order under Sections 11(1), 11(4), 11(4A), 11B(1), and 11B(2) of the Securities and Exchange Board of India Act, 1992. The order imposes a monetary penalty of Rs. 5,00,000/- and restrains the promoter group from accessing the securities market and prohibits them from buying, selling, or otherwise dealing in securities for a period of 4 years.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern8/10
Regulatory Risk9/10
Balance Sheet Risk3/10
Liquidity Impact6/10
Market Sentiment4/10
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Nandan Denim Limited has informed the Exchange about General Updates
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July 01, 2026
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, G – Block,
Dalal Street, BKC, Bandra (East),
Mumbai – 400 001 Mumbai – 400 051
Scrip Code: 532641 Scrip Symbol: NDL
SUBJECT: INTIMATION UNDER REGULATION 30 OF SEBI (LISTING OBLIGATIONS AND
DISCLOSURE REQUIREMENTS) REGULATIONS, 2015
Dear Sir/Madam,
Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015, (“Listing Regulations”), We
hereby inform that the Mr. Vedprakash Devkinandan Chiripal, in our promoter group received
Securities and Exchange Board of India Final Order under Sections 11(1), 11(4), 11(4A), 11B
(1), 11B (2) of the Securities and Exchange Board of India Act, 1992.
The details as required under Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015 read with Para A of Part A of Schedule III and
read with SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January
30, 2026 are enclosed as Annexure A with this intimation.
We request you to kindly take the same on record.
Thanking you,
Yours faithfully,
Thanking you,
For NANDAN DENIM LIMITED
Rinku Patel
Company Secretary and Compliance Officer
M. No.: A47703
Encl: As above
Nandan Denim Limited
(CIN: L51909GJ1994PLC022719)
Registered Office Corporate office
Survey No. 198/1, 203/2, Saijpur-Gopalpur, Pirana Road, Piplaj, Ahmedabad-382 405 Chiripal House, Shivranjani Cross Road, Satellite, Ahmedabad -380015
Ph.:+919879200199 Website:www.nandandenim.com Email:nandan@chiripalgroup.com Ph.: 079-69660000 Fax: 079-26768656
Annexure A
Sr. Details of Events that Information of such events(s)
No. need to be provided
Name of the authority
1. Securities and Exchange Board of India
(SEBI)
2. Nature and details of the The SEBI has passed the final order dated
action(s) taken initiated, or 30.06.2026 against 226 entities including our
order(s) passed; promoter group i.e. Mr. Vedprakash
Devkinandan Chiripal. Vide the said order, the
SEBI has imposed a monetary penalty of Rs.
5,00,000/- and restrained from accessing the
securities market and prohibited from buying,
selling or otherwise dealing in securities,
directly or indirectly, or being associated with
the securities market in any manner for a
period of 4 years from the date of final order
under the Section (1), 11(4), 11(4a), 11B (1),
11B (2) of the Securities and Exchange Board
of India Act, 1992.
The final Order dated 30th June, 2026 is
3. Date of receipt of direction or
received by above named promoter group on
order, including any ad interim or
July, 01st 2026
interim orders, or any other
communication from the
authority;
4. Details of the violation(s)/ As recorded in the SEBI Final Order dated 30
contravention(s) committed or June 2026
alleged to be committed;
Nandan Denim Limited
(CIN: L51909GJ1994PLC022719)
Registered Office Corporate office
Survey No. 198/1, 203/2, Saijpur-Gopalpur, Pirana Road, Piplaj, Ahmedabad-382 405 Chiripal House, Shivranjani Cross Road, Satellite, Ahmedabad -380015
Ph.:+919879200199 Website:www.nandandenim.com Email:nandan@chiripalgroup.com Ph.: 079-69660000 Fax: 079-26768656
Based on the Company’s assessment,
5. Impact on Financial, operation or
prevailing law and basis the advice of the
other activities of the Company,
counsel, the company believes that the order
quantifiable in monetary terms to
does not have any material financial or
the extent possible;
operational impact on the Company. Further,
under Section 15T and 15Z of the SEBI Act,
1992, our Promoter Group (Vedprakash
Devkinandan Chiripal) reserves the right to
appeal to Hon’ble Securities Appellate Tribunal
(SAT) and Hon’ble Supreme Court of India,
respectively, against the aforesaid SEBI Order.
Any other relevant information
6. Nil
Nandan Denim Limited
(CIN: L51909GJ1994PLC022719)
Registered Office Corporate office
Survey No. 198/1, 203/2, Saijpur-Gopalpur, Pirana Road, Piplaj, Ahmedabad-382 405 Chiripal House, Shivranjani Cross Road, Satellite, Ahmedabad -380015
Ph.:+919879200199 Website:www.nandandenim.com Email:nandan@chiripalgroup.com Ph.: 079-69660000 Fax: 079-26768656