Kundra, Shetty and Viaan have been fined for a three-year delay in the disclosure of an allotment of preferential shares. In 2015, Viaan Industries had made a preferential allotment of 500,000 equity shares. Of this 128,800 equity shares each were allotted to Kundra (referred to as Ripu Sudan Kundra) and Shetty, the promoters of the company.