sebi:Order/JS/VC/2025-26/32199
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Facts / Headnote
Violation of regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of PFUTP Regulations established; held liable for monetary penalty under section 15HA of SEBI Act
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
- Reg. 37
Parties
- Mrs. Rukmani Devi Poddar
Holding
The Noticee executed non-genuine reversal trades in illiquid stock options on BSE creating false or misleading appearance of trading through artificial volumes, thereby violating regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of PFUTP Regulations and attracting monetary penalty under section 15HA of SEBI Act.
Full text
Adjudication Order in respect of Mrs. Rukmani Devi Poddar in the matter of dealings in Illiquid Stock Options on BSE Page 2 of 21
Adjudication Order in respect of Mrs. Rukmani Devi Poddar in the matter of dealings in Illiquid Stock Options on BSE Page 3 of 21
Adjudication Order in respect of Mrs. Rukmani Devi Poddar in the matter of dealings in Illiquid Stock Options on BSE Page 4 of 21
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Source: SecMarx — sebi:Order/JS/VC/2025-26/32199. 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.