India, Jan. 14 -- Settlement Application filed by the Company in relation to the Show Cause Notice dated October 09, 2018 ("2018 SCN) issued under Regulation 25 of the SEBI (Intermediaries) Regulations, 2008 and Show Cause Notice dated October 31,2015 (2015 SCN") issued under the SEBI (Procedure or Holding Enquiry and Imposing Penalties by Adjudicating Officer Rules, 1995. We refer to the captioned Settlement Application which has been disclosed by the Company in its Prospectus dated September 26, 2020 as being pending. The Company has received a communication from SEBI on January 13, 2021 that the Settlement Application filed by the Company has been rejected. The Company is seeking legal advice and will take appropriate action in the matte...