SEBI Order for Compliance - Completion Order for Recovery Certificate No.5742 of 2022 against Payal Jayeshbhai Madiyar in the matter of Excel Castronics Limited
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Official government notification — a formal executive order that operationalises policy decisions. Carries legal weight and specifies rules, dates, exemptions, or procedural requirements.
Summary
SEBI Order for Compliance - Completion Order for Recovery Certificate No.5742 of 2022 against Payal Jayeshbhai Madiyar in the matter of Excel Castronics Limited
Key Facts
TypeNotification
SourceSecurities and Exchange Board of India
PublishedWednesday, 16 September 2026
Affected Population1.4 billion citizens, 63 million MSMEs
Key Numbers
GDP: $3.9 trillion (2025 est.)
Fiscal deficit target: 4.4% of GDP
GST collection: Rs 1.87 lakh crore/month avg
Key Authorities
Ministry of FinanceRBISEBIDEA
Key Stakeholders
TaxpayersBanks & NBFCsInvestors
Government Context
NDA IIIBJP-led NDA
Centre-Right
LeftCentreRight
Amendment History
8 changes recorded for this policy.
DescriptionSunday, 20 September 2026via policyradar
SEBI Order for Compliance - Completion Order for Recovery Certificate No.5742 of 2022 against Payal Jayeshbhai Madiyar in the matter of Excel Castronics Limited
SEBI Order for Compliance - Release Order for Recovery Certificate No.5722 of 2022 against Jayesh Vallabhaji Madiyar in the matter of Excel Castronics Limited
DescriptionSunday, 20 September 2026via policyradar
SEBI Order for Compliance - Completion Order for Recovery Certificate No.5742 of 2022 against Payal Jayeshbhai Madiyar in the matter of Excel Castronics Limited
SEBI Order for Compliance - Release Order for Recovery Certificate No.5722 of 2022 against Jayesh Vallabhaji Madiyar in the matter of Excel Castronics Limited
DescriptionSunday, 20 September 2026via policyradar
SEBI Order for Compliance - Completion Order for Recovery Certificate No.5742 of 2022 against Payal Jayeshbhai Madiyar in the matter of Excel Castronics Limited
SEBI Order for Compliance - Release Order for Recovery Certificate No.5722 of 2022 against Jayesh Vallabhaji Madiyar in the matter of Excel Castronics Limited
DescriptionMonday, 21 September 2026via policyradar
SEBI Order for Compliance - Completion Order for Recovery Certificate No.5742 of 2022 against Payal Jayeshbhai Madiyar in the matter of Excel Castronics Limited
SEBI Order for Compliance - Release Order for Recovery Certificate No.5722 of 2022 against Jayesh Vallabhaji Madiyar in the matter of Excel Castronics Limited
DescriptionMonday, 21 September 2026via policyradar
SEBI Order for Compliance - Completion Order for Recovery Certificate No.5742 of 2022 against Payal Jayeshbhai Madiyar in the matter of Excel Castronics Limited
SEBI Order for Compliance - Release Order for Recovery Certificate No.5722 of 2022 against Jayesh Vallabhaji Madiyar in the matter of Excel Castronics Limited
DescriptionMonday, 21 September 2026via policyradar
SEBI Order for Compliance - Completion Order for Recovery Certificate No.5742 of 2022 against Payal Jayeshbhai Madiyar in the matter of Excel Castronics Limited
SEBI Order for Compliance - Release Order for Recovery Certificate No.5722 of 2022 against Jayesh Vallabhaji Madiyar in the matter of Excel Castronics Limited
DescriptionMonday, 21 September 2026via policyradar
SEBI Order for Compliance - Completion Order for Recovery Certificate No.5742 of 2022 against Payal Jayeshbhai Madiyar in the matter of Excel Castronics Limited
SEBI Order for Compliance - Release Order for Recovery Certificate No.5722 of 2022 against Jayesh Vallabhaji Madiyar in the matter of Excel Castronics Limited
DescriptionTuesday, 22 September 2026via policyradar
SEBI Order for Compliance - Completion Order for Recovery Certificate No.5742 of 2022 against Payal Jayeshbhai Madiyar in the matter of Excel Castronics Limited
SEBI Order for Compliance - Release Order for Recovery Certificate No.5722 of 2022 against Jayesh Vallabhaji Madiyar in the matter of Excel Castronics Limited
Tenor 1-day Notified Amount (in ₹ crore) 75,000 Total amount of offers received (in ₹ crore) 71,971 Amount accepted (in ₹ crore) 71,971 Cut off Rate (%) 5.24 Weighted Average Rate (%) 5.24 Partial Acceptance Percentage of offers received at cut off rate NA Ajit Prasad Deputy General Manager (Communications) Press Release: 2026-2027/1164
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