sebi:Order/JS/YK/2025-26/31963
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Provisions invoked
- s. 11B
- s. 11
- s. 15
- s. 15H
- s. 15J
- s. 28A
- s. 2(1)
Regulations
- Reg. 4
- Reg. 3
- Reg. 6
- Reg. 3(a)
- Reg. 4(2)(a)
- Reg. 26
Parties
- Hasina Kasambhai Shekh
Holding
The Adjudicating Officer found no inordinate delay in initiating the proceedings and observed that identified same-day reversal trades generated artificial volume in the relevant contracts. The excerpt does not disclose the ultimate finding on liability or the final disposition.
Full text
Adjudication Order in respect of Hasina Kasambhai Shekh in the matter of dealings in Illiquid Stock Options on BSE Page 2 of 28
Adjudication Order in respect of Hasina Kasambhai Shekh in the matter of dealings in Illiquid Stock Options on BSE Page 3 of 28
Adjudication Order in respect of Hasina Kasambhai Shekh in the matter of dealings in Illiquid Stock Options on BSE Page 4 of 28
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Source: SecMarx — sebi:Order/JS/YK/2025-26/31963. 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.