sebi:Order/AS/DP/2025-26/31374
Facts / Headnote
Penalty imposed on Noticee
Provisions invoked
- s. 11B
- s. 15
- s. 19
- s. 11
- s. 15H
- s. 15J
- s. 15F
- s. 28A
Regulations relied on
- SEBI (PFUTP) Regulations, 2003 — 3(a)
Parties
- Enarzier Commerce Pvt. Ltd.
Holding
The Noticee, Enarzier Commerce Pvt. Ltd., was found to have violated Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of the PFUTP Regulations by executing 2 non-genuine reversal trades in 1 Stock Options contract (DISH15MAR95.00CEW3) at BSE, generating artificial volume of 5,880,000 units constituting 70.61% of total market volume in that contract, and a monetary penalty of ₹5,00,000 was imposed under Section 15HA of the SEBI Act.
Full text
Adjudication Order in respect of Enarzier Commerce Pvt. Ltd. in the matter of dealings in Illiquid Stock Options at BSE Page 2 of 20
Adjudication Order in respect of Enarzier Commerce Pvt. Ltd. in the matter of dealings in Illiquid Stock Options at BSE Page 3 of 20
Adjudication Order in respect of Enarzier Commerce Pvt. Ltd. in the matter of dealings in Illiquid Stock Options at BSE Page 4 of 20
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