sebi:Order/AK/GN/2025-26/32330
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Facts / Headnote
Violation established; penalty of ₹5,00,000 imposed under section 15HA of the SEBI Act, 1992
Provisions invoked
- s. 11B
- s. 11
- s. 15
- s. 15H
- s. 15J
- s. 28A
Regulations
- Reg. 4
- Reg. 3
- Reg. 4(1)
- Reg. 3(a)
- Reg. 26
Parties
- Amritphal Mercantile 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 7 non-genuine reversal trades in 1 stock options contract creating artificial volume of 2,24,000 units, and a penalty of ₹5,00,000 was imposed under section 15HA of the SEBI Act, 1992.
Full text
Adjudication Order in respect of Amritphal Mercantile Private Limited in the matter of Illiquid Stock Options Page 2 of 15
Adjudication Order in respect of Amritphal Mercantile Private Limited in the matter of Illiquid Stock Options Page 3 of 15
Adjudication Order in respect of Amritphal Mercantile Private Limited in the matter of Illiquid Stock Options Page 4 of 15
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Source: SecMarx — sebi:Order/AK/GN/2025-26/32330. 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.