SEBI Completes Regulatory Recovery: Pressure Sensitive Systems Achieves Full Payment After Debtor Settlement
The Securities and Exchange Board of India (SEBI) has completed the recovery process related to a penalty imposed against an individual in connection with regulatory non-compliance at Pressure Sensitive Systems (India) Limited. The completion order, issued on June 18, 2026, marks the closure of a significant compliance matter involving a substantial financial settlement.The move signifies a strict adherence to enforcement procedures by SEBI regarding penalties imposed by Quasi-Judicial Authorities (QJA). Completing the recovery certificate ensures that the full quantum of penalty and related costs has been addressed in the regulatory framework.
Details of the Completed Recovery Certificate
The order pertains to the completion of Recovery Certificate No. 8742 of 2025 against Mrs. Hansaben Bharatkumar Patel (PAN: AOBPP2678G). This certificate is specifically linked to Pressure Sensitive Systems (India) Limited.The settlement concluded the proceedings initiated following a penalty imposed by the Quasi-Judicial Authority via Order No. QJA/GR/IVD-3/ID1/31180/202425 dated January 31, 2025. The completion action is based on the successful payment of the outstanding amount due under the said Recovery Certificate.
Financial Settlement and Obligations
The total sum recovered by Pressure Sensitive Systems (India) Limited amounts to ₹ 15,61,000/- (Rupees Fifteen Lakh Sixty-One Thousand Only). This figure includes all incurred costs, charges, expenses related to the proceedings, as well as the principal penalty amount.The payment was processed subsequent to the imposition of the initial penalty by the Quasi-Judicial Authority in the matter of Pressure Sensitive Systems (India) Limited. The completion action accounts for the full liability under the Recovery Certificate No. 8742 of 2025.
Regulatory Framework and Compliance Closure
The completion of this certificate is a direct exercise of SEBI’s authority under sub-section (1) of section 28A of the Securities and Exchange Board of India Act, 1992. This action was taken in conjunction with section 224 and rule 12 of the Second Schedule to the Income-tax Act, 1961.The completion notice confirms that all dues related to the penalty have been settled. The issuance by the Recovery Officer on behalf of SEBI concludes a material regulatory proceeding involving compliance oversight under the relevant statutes.
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