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13-Dec2018

Patels Airtemp receives settlement notice from SEBI

Patels Airtemp (India) has received from SEBI, Summary Settlement Notice vide its Letter dated December 12, 2018 for settlement amount of Rs 3,68,156 against violation of Regulation 7(2)(b) of SEBI (Prohibition of Insider Trading) Regulations, 2015 by the company.

Patels Airtemp (India) is an India-based company. The Company is engaged in the manufacture and sale of Heat Exchangers, such as Shell & Tube type, Finned tube type and Air cooled Heat Exchangers, Pressure Vessels, Air-conditioning and Refrigeration Equipments and Turnkey heating, ventilation, and air conditioning (HVAC) Projects in India & marketing of equipments even outside India.


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