SEBI Issues Massive Demand Notice to Mediaone Global Entertainment as Defaulter in Disgorgement Proceedings

SEBI Issues Massive Demand Notice to Mediaone Global Entertainment as Defaulter in Disgorgement Proceedings​

The Securities and Exchange Board of India (SEBI) has issued a formal Notice of Demand against Mediaone Global Entertainment Ltd., demanding the recovery of a substantial sum. This action pertains to ongoing proceedings related to past financial obligations under securities law. The notice, dated June 05, 2026, specifies detailed dues owed by the company to SEBI.

Breakdown of Dues and Recovery Obligation​

SEBI has certified that Mediaone Global Entertainment Ltd. owes a total of ₹ 6,48,62,826.00. This amount includes disgorgement directed by the WTM (Whistleblower/Warrantholder/etc.) in an earlier order dated February 27, 2026.

The financial components are clearly itemized:

• Amount Directed to be Disgorged: ₹ 6,17,73,168.00. This figure stems from the WTM Order No. QJA-MN/CFID/CFID-SEC6/32159/2025-26.
• Interest: A significant amount of ₹ 30,88,658.00 has been levied for interest accrued from February 2026 to June 2026 at a rate of 1% per month.
• Recovery Cost: The notice also accounts for minimal recovery costs amounting to ₹ 1,000.00.

Compliance Requirements and Payment Directives​

The Notice of Demand directs Mediaone Global Entertainment Ltd. to remit the total amount within 15 days of receiving the document. Payments must be made via direct credit through EFT/NEFT/RTGS or through the designated online payment module on SEBI's website.

For complete clarity, the specified bank account details are Account No. SEBIRRDDSG9137 at ICICI Bank (IFS Code: ICIC0000106). The Recovery Officer, Kirtikumar Jadhav Dy. General Manager, has emphasized that only confirmed e-payments following a specific reporting format will be accounted toward the recovery dues.

Severe Consequences of Non-Payment​

SEBI has outlined stringent consequences should Mediaone fail to comply with the demand notice within the stipulated timeframe. The regulatory body possesses several enforcement modes available for immediate execution.

These severe measures include:

• Attachment and sale of the company's movable property.
• Attachment and seizure of its bank accounts.
• Imposition of arrest and detention in prison.

Furthermore, SEBI has restricted the company’s ability to deal with assets. Mediaone is explicitly cautioned that it is not competent to mortgage, charge, lease, or otherwise transfer any property without prior permission from the Recovery Officer. Any such unauthorized transfer will be deemed void under relevant regulations.