SEBI has imposed a fine totalling ₹1.9 crore on Karvy group's four ex-officials, including Krishna Hari G (CFO) and V Mahesh (MD of Karvy Data Management Services). The ex-officials have been fined for several violations, including misappropriation of clients' securities and non-segregation of clients' funds. SEBI has directed them to deposit the penalty within 45 days of the order's receipt.