sebi:Order/AK/RK/2026-27/32344
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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
- Asan Steels 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 BSE stock options. A monetary penalty of Rs 5,00,000 under Section 15HA of the SEBI Act was imposed on Asan Steels Private Limited.
Full text
Adjudication Order in respect of Asan Steels Private Limited in the matter of Illiquid Stock Options on BSE Page 2 of 14
Adjudication Order in respect of Asan Steels Private Limited in the matter of Illiquid Stock Options on BSE Page 3 of 14
Adjudication Order in respect of Asan Steels Private Limited in the matter of Illiquid Stock Options on BSE Page 4 of 14
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Source: SecMarx — sebi:Order/AK/RK/2026-27/32344. 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.