PR No.

83/2015

Interim Order in the matter of Sunshine Hi-Tech Infracon Limited

Shri Prashant Saran, Whole Time Member, SEBI has passed an order dated March 17, 2015 under the SEBI Act,
1992 read with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 and the SEBI
(Debenture Trustee) Regulations, 1993 in the matter of Sunshine Hi-Tech Infracon Limited (the company) having its
registered office at 402, Unique Tower, Opp. Hotel Surya, Sayajigunj, Vadodara-390 005 (Gujarat).

The company and its directors namely Mr. Ramesh Chandra Nayak, Mr. Parmanad Prajapat, Mr. Dinesh Nayak, Mr.
Rakesh Arya, Mr. Dinesh Bhuriya and Mr. Deepak Kumar Gehlot, are restrained from mobilizing funds through the
issue of Optionally Convertible Unsecured Debentures or through the issuance of equity shares or through any
other form of securities, to the public and/ or invite subscription, in any manner whatsoever, either directly or
indirectly till further directions.

Further the company and its above mentioned directors are prohibited from issuing prospectus or any offer
document or issue advertisement for soliciting money from the public for the issue of securities, in any manner
whatsoever, either directly or indirectly till further orders. They are also restrained from accessing the securities
market and further prohibited from buying, selling or otherwise dealing in securities in any manner whatsoever,
either directly or indirectly, till further directions.

The company and its promoters and directors have to provide a full inventory of all their assets and properties and
details of all their bank accounts, demat accounts and holding of shares/securities. Further, they have been directed
not to dispose of any of the properties or alienate the assets of the Company or dispose off any of their properties or
alienate their assets and not to divert any funds raised from public at large through the offer of Optionally
Convertible Unsecured debentures, kept in its bank accounts and/or in the custody of the company without prior
permission of SEBI until further orders.

The company was engaged in fund mobilizing activity through issue of Optionally Convertible debentures to more
than 49 persons without complying with the relevant provisions of the Companies Act, 1956 and SEBI (Issue of
Capital and Disclosure Requirements) Regulations, 2009.

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Further, Debenture Trustee of the company Guru Krupa Trustee Company Private Ltd. is prohibited from continuing

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with its present assignment as debenture trustee in respect of the issue of optionally convertible debentures of the
Company and also from taking up any new assignment or involvement in any new issue of debentures, etc. in a
similar capacity, from the date of this order till further directions.

The full text of the order is available on the website: www.sebi.gov.in

Mumbai
March 24, 2015

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