New Delhi, Jun 26 (PTI) Markets regulator Sebi on Friday imposed a penalty of Rs 6 lakh on Monnet Ispat & Energy Ltd for disclosure lapses.

Sebi had conducted a probe regarding the company's compliance with provisions of LODR (Listing Obligations and Disclosure Requirements) norms.

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The probe found that the company, in its quarterly financial statements for the period ended December 31, 2017, December 31, 2016, September 30, 2016, June 30, 2016, March 31, 2016, failed to disclose to BSE the extent and nature of security created and maintained with respect to its listed non-convertible debentures (NCDs), as required under LODR Regulations.

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In its submission to Sebi, the company said the disclosures were included in its annual reports.

Accordingly, the regulator imposed a penalty of Rs 6 lakh on Monnet Ispat & Energy.

In a separate order, Sebi slapped a fine of Rs 10 lakh on stock broking firm Shriram Insight Share Brokers Ltd for violation of stock broker norms.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)