INVESTIGATION DEPARTMENT

CIRCULAR

Circular No: NSE/INVG/2010/449 February 05, 2010

Download No: NSE/INVG/2010/14064

Dear Members,

Sub: SEBI consent order in respect of Dharmesh Bhupendra M. (Alias D. B. Mehta) in the matter of Irregularities relating to Initial Public Offerings.

Further to SEBI ad interim ex parte order dated April 27, 2006, SEBI now vide its order no. CO/ISD/297/333/2010 dated February 01, 2010 has disposed of the pending proceedings under section 11(4) and 11(B) of the SEBI Act, 1992, the adjudication proceedings and the proposed prosecution against the applicant Dharmesh Bhupendra M. (PAN : AAHPM1057E) in the matter of irregularities relating to initial public offerings.

The detailed order is available on SEBI website (http://www.sebi.gov.in). Further, the consolidated list of such entities is available on the Exchange website http://www.nseindia.com home page under “Communiqué – Regulatory Actions”.

Members are advised to take note of the above and ensure compliance.

In case of any further queries, members are requested to contact the following officials:

Ms. Manisha Khalasi

Mr. Avishkar Naik

Phone No: 022-26598193

Fax: 022-26598195

For National Stock Exchange of India Limited

Nisha Subhash

Asst. Vice President

Investigation