SEBI Bars Golden Tobacco Ltd Promoters For Fund Diversion, Irregular Financial Practices

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Due to his violations of the Listing Obligations and Disclosure Requirements (LODR) Regulation and the Prohibition of Fraudulent and Unfair Trade Practices (PFUTP) Regulation, SEBI has banned Sanjay Dalmia, the promoter of GTL, from the securities market for two years and fined him Rs 30 lakh.