SEBI bars Varanium Cloud, MD Harshawardhan Sabale for 7 years over fund diversion, misleading disclosures

The Securities and Exchange Board of India (SEBI) has barred Varanium Cloud Ltd (VCL) and its Managing Director Harshawardhan Hanmant Sabale from the securities market for seven years after finding alleged fund diversion, fabricated data centre operations and misleading financial disclosures. The regulator has directed Sabale to disgorge unlawful gains of Rs 128.77 crore along [...] The post SEBI bars Varanium Cloud, MD Harshawardhan Sabale for 7 years over fund diversion, misleading disclosures appeared first on Yes Punjab News .