sebi:SO/JS/VC/2025-26/8432
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Facts / Headnote
Adjudication proceedings initiated vide SCN dated March 11, 2025 disposed of in terms of section 15JB of the SEBI Act read with regulation 23(1) of the Settlement Regulations upon payment of settlement amount
Provisions invoked
- s. 15J
Regulations
- Reg. 25
- Reg. 28
- Reg. 14(3)
- Reg. 23(1)
Parties
- Mr. Rishi Sudhirbahi Shah
Holding
The adjudication proceedings against Mr. Rishi Sudhirbahi Shah for alleged communication of UPSI relating to Torrent Power Limited are disposed of on settlement basis upon payment of Rs. 39,00,000 without admitting or denying findings of facts and conclusions of law.
Full text
------------------------------------------------------------------------------------------------------------- Settlement Order in respect of Mr. Rishi Sudhirbahi Shah in the matter of insider trading activity in the scrip of M/s. Torrent Power Limited Page 2 of 3
------------------------------------------------------------------------------------------------------------- Settlement Order in respect of Mr. Rishi Sudhirbahi Shah in the matter of insider trading activity in the scrip of M/s. Torrent Power Limited Page 3 of 3
aforementioned provisions. The said SCN was issued to the Noticee on account of allegations of communicating the UPSI related to financial results of Torrent Power Limited for the quarter ended December 2022.
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Source: SecMarx — sebi:SO/JS/VC/2025-26/8432. 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.