Regulatory Battle Intensifies: SEBI Sets Final Hearing for Conrado Traders in Sharpline Broadcast Matter
A significant development has emerged from the securities regulator as the Securities and Exchange Board of India (SEBI) issued an Unserved Hearing Notice to Conrado Traders Pvt Ltd. This notice relates directly to ongoing compliance matters involving Sharpline Broadcast Limited, signaling a protracted regulatory engagement between the companies and SEBI.The issuance of this second opportunity for a hearing follows earlier scrutiny by the regulator. The notice refers back specifically to the Show Cause Notice (SCN) that was initially issued in March 2024. This action mandates Conrado Traders to appear before a Quasi Judicial Authority to address the outstanding issues.
Key Details of the SEBI Hearing Notice
The hearing has been scheduled for July 29, 2026, at 14:30 PM. The matter will be presided over by Shri Santosh Kumar Shukla, who serves as the Quasi Judicial Authority within the proceedings.The designated venue for this high-stakes meeting is SEBI Bhavan I, located in Bandra Kurla Complex (BKC), Mumbai. This formal setting highlights the seriousness with which the regulator views the continued compliance process concerning Conrado Traders and Sharpline Broadcast Ltd.
Compliance Mandates and Warning to Conrado Traders
The notice serves as a critical warning regarding mandatory attendance. It explicitly states that if Conrado Traders Pvt Ltd fails to appear before the Quasi Judicial Authority on the scheduled date, it will be presumed that the company has nothing further to state in the matter.In such an event, SEBI will proceed with the case exclusively based on the material already available and recorded within the regulatory files. This strict consequence underscores the importance of dedicated attendance at the designated time and place.
Essential Requirements for Appearing Before the Authority
To ensure a smooth progression of the hearing, SEBI has laid out several stringent requirements for all authorized representatives who are slated to appear. Attending personnel must bring original copies as well as photocopies of their Identity Card.Furthermore, the company is required to present the original Authorization Letter and the PAN card related to the Noticee during the proceedings. Representatives wishing to participate via video conferencing have an alternative option, provided they secure the necessary login details from SEBI via email.
Reporting Procedures for Designated Officials
A critical procedural requirement detailed in the notice is the advance notification of representatives. Any official or representative who is designated to appear must notify SEBI by sending a formal letter or e-mail at the address rohani@sebi.gov.in (Dealing Officer).This notification must be received at least three days prior to the actual hearing date. These steps emphasize the regulated framework and bureaucratic precision required for conducting such high-level financial and compliance hearings.
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