sebi:Order/AK/RK/2026-27/32340
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
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
- S K Garments Private Limited
Holding
The Noticee violated Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of the PFUTP Regulations by executing 7 non-genuine reversal trades in 3 illiquid BSE stock option contracts creating artificial volume of 9,32,000 units, 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 S K Garments Private Limited in the matter of Illiquid Stock Options on BSE Page 2 of 13
Adjudication Order in respect of S K Garments Private Limited in the matter of Illiquid Stock Options on BSE Page 3 of 13
Adjudication Order in respect of S K Garments Private Limited in the matter of Illiquid Stock Options on BSE Page 4 of 13
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Source: SecMarx — sebi:Order/AK/RK/2026-27/32340. 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.