Release Order - Recovery Certificate No. RC8413 of 2024 in respect of Sanjay Shastri (PAN: ASUPS2845K) in the matter of Illiquid Stock Options

Published: August 22, 2025

Processed: August 22, 2025

SEBI Compliance recovery-certificate release-order

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Description

SEBI issues release order for recovery certificate RC8413 of 2024 concerning Sanjay Shastri in relation to illiquid stock options matter.

Summary

SEBI has issued a release order for Recovery Certificate No. RC8413 of 2024 in respect of Sanjay Shastri (PAN: ASUPS2845K) in the matter of illiquid stock options. This order relates to enforcement proceedings and recovery actions.

Key Points

Recovery Certificate Number: RC8413 of 2024
Individual concerned: Sanjay Shastri (PAN: ASUPS2845K)
Matter relates to illiquid stock options
Release order issued by SEBI

Regulatory Changes

No specific regulatory changes introduced through this release order.

Compliance Requirements

Compliance requirements would be specific to the individual named in the recovery certificate and related to the resolution of the illiquid stock options matter.

Important Dates

Release Order Date: August 22, 2025
Original Recovery Certificate: RC8413 of 2024

Impact Assessment

This release order has limited direct market impact as it pertains to individual enforcement action. It demonstrates SEBI’s continued focus on resolving matters related to illiquid securities and investor protection.

Category	Compliance
Circular ID	`77d928782d62fe11`
Impact	Low
Severity	Medium
Tags	recovery-certificate release-order illiquid-stock-options enforcement compliance
Source	SEBI
Links	PDF Document ↗ Original Source ↗ Permalink