General Remittance Order dated 30.07.2026 in Recovery Certificate No. 9155 of 2026 issued against M/s Chandrima Mercantiles Limited (AABCC1666J), Mr. Pranav Kamleshkumar Trivedi (AWQPT8856R), Mr. Nayan Mahendrabhai Thakkar (BYHPT2277A), Mr. Kuntal Jitendra Trivedi (AKNPT2945A), Mr. Jigneshkumar P. Patel (AQEPP8019J), Mr. Rohit Bairwa (ELYPB0179Q), Mr. Ankit Ajitbhai Panchal (ECSPP4637J), Mr. Hardik Himmatbhai Munjpara (AULPM8809N), Mr. Jagdish Chhanabhai Vaghela (AFPPV2562Q), Ms. Usha Devi (AEXPU5745D), Mr. Parth Rajanikant Pandya (FGMPP6491K), Mr. Manish Jethabhai Bhaskar (DHEPB7576N), Mr. Nitinkumar Lalji Bhai Bharvad (DWAPB3135C), Mr. Babubhai Bhikhaji Godha (BALPG5393L), Ms. Narmadaben Pravinbhai Parmar (DQEPP6650L), Mr. Pravinbhai Lakhabhai Parmar (DQEPP6651M), Ms. Shvetalben Sagarbhai Dataniya (CQGPD5278K) and Mr. Sagarkumar Pravinchandra Dataniya (BJIPD7414F) [Defaulter] in the matter of price and volume manipulation in the scrip of Quasar India Limited.

A General Remittance Order has been issued against M/s Chandrima Mercantiles Limited, marking them as a defaulter in a case involving the price and volume manipulation of Quasar India Limited's shares. This order, dated July 30, 2026, signals a formal legal finding against the company for its alleged role in the market manipulation scheme.

For investors, this development is significant as it introduces regulatory and reputational risks for Chandrima Mercantiles. A defaulter status can lead to increased scrutiny from regulators and may negatively impact the company's ability to raise capital or maintain business relationships. The stock may also face volatility as market participants react to the news.

Investors should monitor the company's official communications and any further regulatory updates. The outcome of this case could set a precedent for other entities involved in similar market practices. Keeping an eye on the stock's price movement and volume will help gauge market sentiment in the coming days.