Interactive Financial Services Limited has announced the disposal of a SEBI adjudication case related to a minimal shortfall of Rs. 37 in an escrow deposit for an open offer managed by them.

SEBI had alleged non-compliance due to this shortfall and incorrect disclosures in public statements.

The company acknowledged the inadvertent clerical error and delayed deposit but clarified there was no malintent.

SEBI concluded that the shortfall was trivial, did not affect the escrow’s purpose, and did not find any violation, thus closing the matter without penalty.

This clears the company of regulatory charges tied to its merchant banking responsibilities.