sebi:Order/JS/RJ/2025-26/31991
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Facts / Headnote
Penalty imposed on Noticee for violation of PFUTP Regulations
Provisions invoked
- s. 11B
- s. 11
- s. 15
- s. 15H
- s. 15J
- s. 28A
Regulations
- Reg. 4
- Reg. 3
- Reg. 3(a)
- Reg. 26
Parties
- Basundhara Marcom Pvt. Ltd.
Holding
The Noticee violated regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of the PFUTP Regulations by executing eight non-genuine reversal trades in three stock options contracts during the investigation period, and a monetary penalty of ₹5,00,000/- was imposed under section 15HA of the SEBI Act.
Full text
Adjudication Order in respect of Basundhara Marcom Pvt. Ltd. in the matter of dealings in Illiquid Stock Options on BSE Page 2 of 14
Adjudication Order in respect of Basundhara Marcom Pvt. Ltd. in the matter of dealings in Illiquid Stock Options on BSE Page 3 of 14 Noticee as Annexure to the SCN. The above referred SCN was issued to Noticee through Speed Post Acknowledgement Due (SPAD) which returned undelivered.
Adjudication Order in respect of Basundhara Marcom Pvt. Ltd. in the matter of dealings in Illiquid Stock Options on BSE Page 4 of 14 publication in newspapers where the registered office of the Noticee is located. The notice regarding issuance of SCN and the hearing notice was published in the following manner on July 10, 2025: Table 1 Newspaper Editions English Newspaper Bengali Newspaper Kolkata Morning India Aajkaal
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Source: SecMarx — sebi:Order/JS/RJ/2025-26/31991. 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.