sebi:Order/JS/VC/2026-27/32459
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Facts / Headnote
Noticee given benefit of doubt; no violation found, no penalty imposed
Provisions invoked
- s. 15
- s. 12A
- s. 15H
- s. 15J
Regulations
- Reg. 3
- Reg. 4
- Reg. 2(1)(c)
- Reg. 4(1)
Parties
- Bhavin Sureshbhai Thakkar
Holding
The Adjudicating Officer held that the Noticee, Bhavin Sureshbhai Thakkar, did not violate section 12A(a), (b) and (c) of the SEBI Act read with regulations 3 and 4 of the PFUTP Regulations, and granted him the benefit of doubt without imposing any penalty.
Full text
Adjudication Order in respect of Bhavin Sureshbhai Thakkar in the matter of Evexia Lifecare Limited Page 2 of 34 3. SEBI received Suspicious Transaction Report (STR) from Financial Intelligence Unit - India (FIU-IND), wherein it was, inter alia, observed that the entity Ethan Constructions Pvt. Ltd. had trading concentration in a few scrips and its trading turnover was far away from its income range. In this regard, SEBI asked BSE Limited (hereinafter referred to as ‘BSE’) to confirm whether any preliminary
Adjudication Order in respect of Bhavin Sureshbhai Thakkar in the matter of Evexia Lifecare Limited Page 3 of 34 of the SEBI Act, requesting to show cause as to why an inquiry should not be held against him and why penalty, if any, should not be imposed upon him under section 15HA of the SEBI Act for the alleged violations. The SCN issued to the Noticee was duly served upon the Noticee and Noticee acknowledged the same.
Adjudication Order in respect of Bhavin Sureshbhai Thakkar in the matter of Evexia Lifecare Limited Page 4 of 34 Buyer's order qty is less than Seller's order qty 175 52.11 35.79% Total 179 53.16 36.51%
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Source: SecMarx — sebi:Order/JS/VC/2026-27/32459. 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.