sebi:Order/JS/VC/2025-26/32261
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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. 4(2)
- Reg. 3(a)
- Reg. 3(c)
- Reg. 3(b)
- Reg. 4(2)(a)
- Reg. 26
Parties
- HKC Techind Pvt. Ltd.
Holding
HKC Techind Pvt. Ltd. executed non-genuine reversal trades in illiquid BSE stock options creating false 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 penalty under section 15HA of SEBI Act.
Full text
Adjudication Order in respect of HKC Techind Pvt. Ltd. in the matter of dealings in Illiquid Stock Options on BSE Page 2 of 29
Adjudication Order in respect of HKC Techind Pvt. Ltd. in the matter of dealings in Illiquid Stock Options on BSE Page 3 of 29
Adjudication Order in respect of HKC Techind Pvt. Ltd. in the matter of dealings in Illiquid Stock Options on BSE Page 4 of 29
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Source: SecMarx — sebi:Order/JS/VC/2025-26/32261. 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.