Description

SEBI has debarred 26 entities from accessing the securities market for periods ranging from 1 year to 30 months for irregular trading activities in Du Digital Technologies Limited (now Du Digital Global Limited).

Summary

SEBI has issued Order No. QJA/MN/IVD/ID7/31947/2025-26 dated December 31, 2025, debarring 26 entities from accessing the securities market for irregular trading activities in the scrip of Du Digital Technologies Limited (now Du Digital Global Limited). The debarment periods range from 1 year to 30 months depending on the severity of violations. The entities are prohibited from buying, selling, or dealing in securities (including mutual fund units), directly or indirectly, for the specified periods.

Key Points

  • 26 entities have been debarred from the securities market effective December 31, 2025
  • Debarment periods vary: 1 year (10 entities), 18 months (11 entities), 2 years (1 entity), and 30 months (1 entity)
  • Entities are prohibited from buying, selling, or dealing in securities in any manner during the debarment period
  • Entities with open positions in exchange-traded derivative contracts can close them within 3 months or at contract expiry, whichever is earlier
  • The order relates to trading activities in Du Digital Technologies Limited (now renamed Du Digital Global Limited)
  • NSE Circular Reference: 540/2026, Department: Investigation

Regulatory Changes

No new regulatory framework introduced. This is an enforcement action under existing SEBI regulations pursuant to Sections 11(1), 11(4), 11(4A), 11B(1), and 11B(2) of the SEBI Act, 1992.

Compliance Requirements

  • NSE members must ensure these 26 debarred entities do not access the securities market during their respective debarment periods
  • Members should refer to the consolidated list of debarred entities available at: https://www.nseindia.com/regulations/member-sebi-debarred-entities
  • Entities with open derivative positions must close them within 3 months from December 31, 2025, or at contract expiry, whichever is earlier
  • Members should monitor and prevent any attempts by these entities to trade directly or indirectly

Important Dates

  • December 31, 2025: SEBI order date and effective date of debarment
  • January 01, 2026: NSE circular issue date
  • March 31, 2026: Deadline for closing open derivative positions (3 months from order date)
  • Debarment End Dates: Vary by entity - earliest June 30, 2026 (1 year) to June 30, 2028 (30 months for Pranav Kamleshkumar Trivedi)

Impact Assessment

Market Impact: Limited direct market impact as this affects specific entities rather than broad market operations. However, it demonstrates SEBI’s continued vigilance against market manipulation and irregular trading practices.

Operational Impact: NSE members and brokers must update their systems to block trading activities by these 26 entities. Enhanced monitoring required to prevent indirect participation through related parties.

Investor Protection: Positive impact as enforcement action against irregular trading activities strengthens market integrity and investor confidence.

Stock-Specific Impact: May affect sentiment in Du Digital Global Limited scrip in the short term, though the impact depends on the scale of the entities’ previous trading activities.

Debarred Entities List

The 26 debarred entities include:

  • 30 months: Pranav Kamleshkumar Trivedi
  • 2 years: Dhaval Vinodbhai Gadani
  • 18 months: Usha Devi, Jagdish Chhanabhai Vaghela, Kuntal Jitendra Trivedi, Jigneshkumar Purshottamdas Patel, Nayan Mahendrabhai Thakkar, Ankit Ajitbhai Panchal, Shvetalben Sagarbhai Dataniya, Rohit Bairwa, Sagarkumar Pravinchandra Dataniya
  • 1 year: Mahendrabhai Sanghvi, Girish Kantilal Parmar, Nikunj Sureshchandra Shah, Vidhi Nikunj Shah, Manjulaben Parmar, Bhaumik Parmar, Manoj Rameshbhai Solanki, Rathod Mahendrkumar, Madhu Kumari Bairwa, Sanjay Savjibhai Parmar, Dhaval Girishbhai Parmar, Punjiben Babubhai Rathod, Vyas Jitendrakumar Hasmukhlal (HUF), Jitendra Hasmukhlal Vyas

For queries, members may contact NSE at dl-invsg-all@nse.co.in

Impact Justification

High importance due to significant enforcement action involving 26 entities debarred for market manipulation. Medium impact as it affects specific entities rather than broad market operations.