SEBI v. Tanla Platforms Ltd and others (depreciation accounting, 2023)

Dismissed

✓ Checked against the primary document on October 8, 2026. The library's summary, tags and figures for this record were compared with the regulator's own document by an AI model (Claude) following written instructions, in a single reading of the order; an independent second reading of 60 SEBI records agreed on every field for 56, the four misses being penalty amounts. No lawyer has reviewed them. A checked record can still contain errors, and checked does not mean endorsed. See how we check records or report a correction.

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In August 2023 a SEBI adjudicating officer disposed of proceedings against Tanla Platforms and three of its officers over alleged understatement of depreciation in its FY2018-19 and FY2019-20 accounts. The officer found the misstatement not established and imposed no penalty.

The record

What was ordered

Civil penalty

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Disgorgement

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Prejudgment interest

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Total relief

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Alleged gain

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A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars.

What is alleged to have happened

A SEBI adjudicating officer decided this matter on 10 August 2023. The noticees are Tanla Platforms Ltd, a communications-services company listed on BSE and NSE, its chairman and managing director D. Udaykumar Reddy, its chief financial officer Kamoji Srinivas G., and its compliance officer and company secretary Seshanuradha Chava.

SEBI began after a July 2022 complaint that the company's profits looked abnormal. An investigation covering the 2018-19 and 2019-20 financial years concluded that the company should have recorded depreciation of Rs 168.12 crore on its technical assets in 2018-19 but recorded Rs 64.98 crore, a gap of Rs 103.15 crore. A show cause notice of April 2023 alleged that the company ignored accounting standards Ind AS 16 and Ind AS 36 in setting asset lives, and that the three officers knowingly certified or signed false statements, in breach of Regulation 4 of the PFUTP Regulations and the listing regulations.

The officer examined board and audit committee records from July 2019 that approved a revision of the assets' useful life, together with the explanatory material to a 2018 telecom regulatory amendment cited by the noticees, and noted that the statutory auditors had raised no concern. On that material the officer found no evidence that improper standards had been applied or that the statements were misstated by the alleged amount.

With no violation established against the company, the officer likewise held that the CMD, CFO and compliance officer had not failed in their duties or knowingly certified false statements. The officer disposed of the proceedings against all four, with no penalty under sections 15HA or 15HB of the SEBI Act, and did not reach the penalty questions.

The record does not show whether SEBI appealed the dismissal. It mentions no criminal case, and no money was ordered.

This library tags the matter as misleading issuer disclosure. The tagging is ours, not the regulator's.

For the regulator's own account of the facts, read the primary document linked above. This page deliberately summarises the structured record rather than reproducing the order.

What technique is this, and how does it work?

This action is tagged with one technique in our taxonomy. The tagging is ours: regulators charge statutory provisions, not technique names, so the mapping is an editorial judgement described in our editorial policy.

• Misleading issuer disclosure — see how it works, what statute it engages, and every other action tagged the same way.

Timeline

1. 2023-08-10 SEBI order

Primary documents

Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.

• SEBI order

The linked release is published by the issuing regulator under its own terms. Our summary and narrative above are our own writing.

Related actions

Other actions in the library sharing at least one technique tag with this one.

Record added October 8, 2026. submit a correction.