Order: Ontario Securities Commission v Namburi

BETWEEN:

ONTARIO SECURITIES COMMISSION

(Applicant)

- and -

RADHAKRISHNA NAMBURI

(Respondent)

File No. 2025-24

Adjudicator:

Dale Ponder

March 9, 2026

ORDER

(Subsection 127(1) and section 127.1 of the Securities Act, RSO 1990, c S.5)

WHEREAS the Capital Markets Tribunal held a combined merits, sanctions and costs hearing in writing to consider whether to make findings against, and impose sanctions and costs on, Radhakrishna Namburi;

AND WHEREAS the Tribunal made findings against Namburi in its Reasons and Decision issued on March 9, 2026;

ON READING the materials filed by the Ontario Securities Commission, and Namburi having not filed any materials, although having been properly served;

IT IS ORDERED THAT:

1. Namburi shall, on or before April 9, 2026, resign any positions he holds as a director or officer of any issuer, pursuant to paragraph 7 of s. 127(1) of the Securities Act (the Act);
2. Namburi is prohibited from becoming or acting as a director or officer of any issuer until April 7, 2037, pursuant to paragraph 8 of s. 127(1) of the Act;
3. Namburi shall pay an administrative penalty of $7,500 for his failure to comply with Ontario securities law, pursuant to paragraph 9 of s. 127(1) of the Act; and
4. Namburi shall pay to the Commission $4,328.75 for costs of the investigation and hearing, pursuant to s. 127.1 of the Act.