sebi:Order/AK/DS/2025-26/31981
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Facts / Headnote
Violation established ex-parte; monetary penalty imposed
Provisions invoked
- s. 15
- s. 11B
- s. 11
- s. 15H
- s. 15J
Regulations
- Reg. 4
- Reg. 3
- Reg. 4(1)
- Reg. 3(a)
- Reg. 26
Parties
- Parasnath Buildwell Private Limited
Holding
The Noticee violated Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of the PFUTP Regulations by executing non-genuine reversal trades in illiquid stock options at BSE creating artificial volume, and a monetary penalty of Rs 5,00,000 under Section 15HA of the SEBI Act was imposed.
Full text
Adjudication Order in respect of Parasnath Buildwell Private Limited in the matter of Illiquid Stock Options at BSE Page 2 of 14
Adjudication Order in respect of Parasnath Buildwell Private Limited in the matter of Illiquid Stock Options at BSE Page 3 of 14
Adjudication Order in respect of Parasnath Buildwell Private Limited in the matter of Illiquid Stock Options at BSE Page 4 of 14
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Source: SecMarx — sebi:Order/AK/DS/2025-26/31981. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.