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SEBI Penalizes DB Realty and Associates for Financial Misstatements

Kumari Sonali

SEBI Penalizes DB Realty and Associates for Financial Misstatements:

The Securities and Exchange Board of India (SEBI) has imposed a total fine of ₹25 lakh on DB Realty Ltd (now known as Valor Estate Ltd) and seven associated individuals for violations related to financial misstatements and non-disclosures. The penalties were levied due to the company’s failure to adhere to accounting standards and adequately disclose a corporate guarantee provided to the Bank of India on behalf of Pune Buildtech Pvt Ltd (PBPL).

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