sebi:Order/AK/GN/2025-26/31826
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Facts / Headnote
Ex-parte penalty of Rs 5,00,000 imposed on Parasmani Tradelink Private Limited under Section 15HA of the SEBI Act, 1992
Provisions invoked
- s. 15
- s. 19
- s. 11B
- s. 11
- s. 15H
- s. 15J
- s. 28A
Regulations
- Reg. 4
- Reg. 3
- Reg. 4(1)
- Reg. 3(a)
- Reg. 26
Parties
- Parasmani Tradelink Private Limited
Holding
The Noticee violated Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of the PFUTP Regulations, 2003 by executing non-genuine reversal trades in illiquid stock options at BSE creating artificial volume, and is liable to a monetary penalty of Rs 5,00,000 under Section 15HA of the SEBI Act, 1992.
Full text
Adjudication Order in respect of Parasmani Tradelink Private Limited in the matter of trading in Illiquid Stock Options at BSE Page 2 of 15
Adjudication Order in respect of Parasmani Tradelink Private Limited in the matter of trading in Illiquid Stock Options at BSE Page 3 of 15
Adjudication Order in respect of Parasmani Tradelink Private Limited in the matter of trading in Illiquid Stock Options at BSE Page 4 of 15
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Source: SecMarx — sebi:Order/AK/GN/2025-26/31826. 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.