Public Notice — Cease & Desist Order: Jatin Bhatnagar

Issued: 24 March 2026

Jatin Bhatnagar is subject to a Cease & Desist Order issued by PanEuro Special Situations Ltd.

Background

Jatin Bhatnagar was formerly engaged by PanEuro Special Situations Ltd. His roles during his engagement were Investment Banking Analyst and subsequently Associate Director. Any other title attributed to PanEuro is incorrect. That engagement has terminated. Following the conclusion of his engagement, PanEuro Special Situations Ltd conducted a review of Mr Bhatnagar's conduct during and subsequent to his tenure.

On 24 March 2026, PanEuro Special Situations Ltd issued a formal Cease & Desist Order to Jatin Bhatnagar.

Grounds

The Cease & Desist Order was issued in respect of the following conduct:

1. Deliberate breach of confidentiality and unauthorized disclosure of information relating to PanEuro's business affairs, internal matters, and commercial relationships.

2. Misuse of corporate identity and misrepresentation of continuing affiliation with PanEuro or its associated entities after the end of his engagement.

3. Use of a separately registered company as the apparent platform for investment banking activity, conveying a misleading impression of legitimacy and authorisation.

4. Attempted diversion of commercial relationships and business opportunities belonging to PanEuro for personal or third-party benefit.

The conduct was assessed as repeated, calculated, and involving confidential and commercially sensitive subject matter. It was determined to constitute gross misconduct going directly to honesty, integrity, and professional character.

Formal Determination

PanEuro Special Situations Ltd has determined that Mr Bhatnagar's conduct is properly characterized as involving dishonesty, misrepresentation, breach of confidence, misuse of corporate identity, appropriation of goodwill, diversion of business opportunity, abuse of position, serious conflict of interest, and conduct incompatible with trust and confidence.

Withdrawal of Endorsement

The Experience Certificate and Letter of Recommendation issued to Mr Bhatnagar by PanEuro Special Situations Ltd in September 2025 have been withdrawn with immediate effect as of 24 March 2026. PanEuro no longer stands behind or endorses either document. Any party seeking verification of Mr Bhatnagar's tenure or a reference should contact admin@paneuro.co.uk.

Notice to Third Parties

Any party considering entering into any arrangement with Jatin Bhatnagar that impacts PanEuro's business affairs, client relationships, or commercial opportunities is strongly advised to contact PanEuro Special Situations Ltd at admin@paneuro.co.uk before proceeding. Failure to make such enquiry may be treated as evidence of knowing participation in the breach of contractual obligations owed to PanEuro, and PanEuro reserves the right to pursue all available legal remedies against any party who facilitates, benefits from, or is complicit in such conduct.