HDFC Securities Unlisted Shares

HDFC Securities Pays Rs65 Lakh to Settle SEBI Case on Failure in Critical IT Systems, DR and Cybersecurity Policies

Money.life

2 min read

HDFC Securities Pays ₹65 Lakh to Settle SEBI’s IT and Cybersecurity Violations.

Expert Analysis :

Settlement Payment: HDFC Securities paid Rs65 lakh to SEBI for multiple IT, disaster recovery, and cybersecurity violations.
Regulatory Breaches: SEBI’s 8 August 2024 notice cited HDFC Securities for failing to generate 70% capacity alerts and missing LAMA on 47/52 servers.
Compliance Failures: HDFC Securities missed quarterly disaster recovery drills, had weak cybersecurity policies, and categorized critical and non-critical assets incompletely.
Settlement Proposal: HDFC Securities filed a settlement application on 8 August 2024, and SEBI’s IC recommended a Rs65 lakh settlement, later communicated to the company.
Approval & Payment: HDFC Securities’ revised terms matched IC recommendations; HPAC was reviewed on 24 Dec 2024, WTMs were approved on 5 Feb 2025, and payment was made on 4 March 2025.
Future Liability: SEBI reserves the right to take further action if HDFC Securities fails in disclosures, undertakings, or settlement terms.

Takeaways

HDFC Securities paid Rs 65 lakh to settle SEBI’s IT and cybersecurity violations. However, SEBI retains the right to take further action if any discrepancies or non-compliance with settlement terms are found.

Invest in the Future

Act now and capitalize on the potential growth of this unlisted share

Precize Daily Pulse

The latest news in the world of Unlisted Shares, summarised by our experts.

The next generation of asset classes in India

Company

Institutions Retail Care

Resources

Blogs News FAQs

Legal

Our Office

Office No. 1219, The Summit Business Park, Andheri Kurla Road, Andheri East, Mumbai, Maharashtra - 400093

Find us on Google

support@precize.in

+91 7738336457

All trademarks and logos or registered trademarks and logos found on this Site or mentioned herein belong to their respective owners and are solely used for informational and educational purposes.

The material presented in this advertisement is for informational purposes only and should not be construed as investment advice or investment availability. It is not a recommendation of, or an offer to sell or solicitation of an offer to buy, any particular unlisted share, security, strategy, or investment product. Investing in the private market and securities involves risks, including the potential loss of money, and past performance does not guarantee future results. Market trends, data interpretations, graph projections are provided for informational and illustrative purposes and may not reflect actual future performance. Nothing on this website should be construed as personalized investment advice or should not be treated as legal, financial, or any other form of advice. Precize is not liable for financial or any other form of loss incurred by the user or any affiliated party based on information provided herein.

Precize is neither a stock exchange nor does it intend to get recognized as a stock exchange under the Securities Contracts Regulation Act, 1956. Precize is not authorized by the capital markets regulator to solicit investments. The securities traded on these platforms are not traded on any regulated exchange.

The website will be updated regularly.