As per SEBI’s order, the market regulator received a complaint which alleged that the objects of Trafiksol’s IPO included purchase of software valued at nearly Rs 18 crore from a vendor which, inter alia, had questionable financials and failed to file its annual financial statements with the Ministry of Corporate Affairs (MCA). In view of the above complaint, BSE in consultation with SEBI deferred the listing of the shares of Trafiksol and initiated its investigation into the matter.
