Lloyds Enterprises settles Sebi case over ₹144.82 crore advances

Mumbai: Lloyds Enterprises Ltd and two of its senior executives have settled a case with the Securities and Exchange Board of India (Sebi) for a combined ₹4.16 crore over alleged violations involving ₹144.82 crore of company funds and related-party disclosures.According to a settlement order issued on Tuesday, Lloyds Enterprises has paid ₹1.28 crore, while former managing director Rajesh Rajnarayan Gupta and chief financial officer Viresh Shankar Sohoni have each paid ₹1.44 crore. The applicants settled the proceedings while not admitting…