SEBI Certificate No. 8790 of 2025 - Puneet Sabharwal HUF - Illiquid Stock Options Matter

Published: August 5, 2025

Processed: August 7, 2025

SEBI Compliance adjudication stock-options

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Description

SEBI adjudication order regarding Puneet Sabharwal HUF (PAN: AAMHP5624B) in relation to illiquid stock options under A.P No 14826 & 14827 of 2025.

Summary

SEBI has issued Certificate No. 8790 of 2025 under Adjudication Proceedings No. 14826 & 14827 of 2025 against Puneet Sabharwal HUF (PAN: AAMHP5624B) in the matter of illiquid stock options.

Key Points

Certificate Number: 8790 of 2025
Adjudication Proceeding Numbers: 14826 & 14827 of 2025
Entity: Puneet Sabharwal HUF
PAN: AAMHP5624B
Subject Matter: Illiquid Stock Options

Regulatory Changes

This is an adjudication order and does not introduce new regulatory changes.

Compliance Requirements

Specific compliance requirements for the concerned entity as detailed in the adjudication order.

Important Dates

Order Date: August 2025
Certificate Issue Date: As mentioned in the order

Impact Assessment

This is an individual case adjudication with limited broader market impact. The order pertains to specific violations related to illiquid stock options by the named entity.

Category	Compliance
Circular ID	`6d33bea2d5b2d533`
Impact	Low
Severity	Medium
Tags	adjudication stock-options illiquid penalty violation
Source	SEBI
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