SEBI Orders Personal Hearing in High-Stakes Investigation Against Arpan Gupta in Sharpline Broadcast Matter
The Securities and Exchange Board of India (SEBI) has issued a formal notice mandating a personal hearing regarding an investigation involving Arpan Gupta concerning Sharpline Broadcast Limited. This regulatory action signals the continuation of oversight into the matter that originated from a previous Show Cause Notice.Mandate for Personal Hearing in Regulatory Case
The notification confirms that Arpan Gupta, identified as the noticee, has been granted a further opportunity to present his case before the Quasi Judicial Authority. This decision follows initial proceedings related to the incident involving Sharpline Broadcast Limited. The regulatory process is being conducted by SEBI's Assistant General Manager Integrated Surveillance Department.The hearing is formally scheduled for July 27, 2026, at 14:30 PM. The matter will be heard before Shri Santosh Kumar Shukla (Quasi Judicial Authority). This subsequent action relates to the Show Cause Notice (SCN) originally served on March 28, 2024.
Details of the SEBI Hearing Venue
The hearing is scheduled to take place at the official premises of SEBI in Mumbai. The venue specified for all participants is SEBI Bhavan Il, located at PN-C/7, G Block BKC, Bandra Kurla Complex, Bandra East, Mumbai, Maharashtra 400051.Participants are strictly advised to ensure proper preparation ahead of the scheduled date. All concerned parties must be fully briefed on the necessary documentation and procedural requirements set forth by SEBI.
Compliance Requirements and Consequences of Non-Appearance
The notice places stringent compliance duties upon Arpan Gupta, requiring him to ensure that any person authorized to appear for the hearing brings both the original documents and a copy of the Notice. An alternative option is available for those who prefer remote participation via video conferencing.It must be noted by all parties that failure to attend the scheduled hearing will be interpreted as having nothing further to state in this matter. In such an event, SEBI has stated it will proceed with the investigation based solely on the material currently available on record.
The notice concludes by requiring the recipient to acknowledge receipt and confirm their attendance date via email or letter addressed to the designated officials at sapatra@sebi.gov.in.
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