sebi:Order/SV/RM/2024-25/30300-30310
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Facts / Headnote
Noticees 1 to 9 held to have violated Regulation 3(b) and Regulations 4(1), 4(2)(a) and 4(2)(e) of PFUTP Regulations and penalized; allegations under Regulations 3(a), 3(c), 3(d) not established; issues relating to Noticees 10-11 under PIT Regulation 13(4A) read with 13(5) considered separately.
Provisions invoked
- s. 11B
- s. 15A
- s. 15
- s. 11
- s. 15H
- s. 15J
- s. 15F
- s. 28A
- s. 24
- s. 4(3)
Regulations
- Reg. 3
- Reg. 13
- Reg. 4(1)
- Reg. 200
- Reg. 11(1)
- Reg. 4(2)(a)
- Reg. 3(a)
- Reg. 3(b)
- Reg. 4(2)(e)
- Reg. 3(d)
- Reg. 3(c)
Holding
Noticees 1 to 9 manipulated the price of Autumn Builders Ltd and created a misleading appearance of trading through 10 premeditated matched trades, thereby violating Regulation 3(b) and Regulations 4(1), 4(2)(a) and 4(2)(e) of PFUTP Regulations, and each is liable to Rs.5,00,000 penalty under Section 15HA of SEBI Act.
Full text
Adjudication Order in the matter of trading by certain entities in the scrip of M/s. Autumn Builders Ltd. Page 2 of 70 referred to as “Kautirya Trading”/ Noticee 6), Suman Stock Advisory Pvt Ltd (hereinafter referred to as “Suman”/ Noticee 7), Baisakhi Tracom Pvt Ltd hereinafter referred to as “Baisakhi” / Noticee 8), Alishan Merchants Pvt. Ltd. (hereinafter referred to as “Alishan” / Noticee 9) under Section 15HA of SEBI Act for the violation of Regulations 3(a), (b), (c), (d) and Regulation 4(1), 4(2)(a) and 4(2)(e) of PFUTP Regulation. b) against Vandana Advisory Services P Ltd (hereinafter referred to as “Vandana” / Noticee 10) and Monalisa Management Advisory Services P Ltd (hereinafter referred to as “Monalisa” / Noticee 11) under Section 15A(a) of SEBI Act, 1992 for the violation of Regulations 13(4A) read with 13 (5) of SEBI (PIT), 1992.
Adjudication Order in the matter of trading by certain entities in the scrip of M/s. Autumn Builders Ltd. Page 3 of 70 SCN 1
Adjudication Order in the matter of trading by certain entities in the scrip of M/s. Autumn Builders Ltd. Page 4 of 70 c) Price-volume movement in the scrip of Autumn Builders during IP During the Patch I, the price of the scrip opened at Rs. 36.00 on May 12, 2015, rose to Rs. 297.00 on February 19, 2015 and closed at Rs 297.00 on February 19, 2015 with an average daily volume of 13,312 shares and total traded volume of 971,800 shares. During Patch-I price of the scrip increased by 725%.
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Source: SecMarx — sebi:Order/SV/RM/2024-25/30300-30310. 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.