Description
SEBI announces the completion of recovery proceedings under Recovery Certificate No. RC8809 of 2025 against Raunak Shastri (PAN: ECLPS9722N) in the matter of Illiquid Stock Options.
Summary
SEBI has completed recovery proceedings under Recovery Certificate No. RC8809 of 2025 issued against Raunak Shastri (PAN: ECLPS9722N) in connection with the matter of Illiquid Stock Options. This notice confirms that the recovery process has been successfully concluded.
Key Points
- Recovery Certificate Number: RC8809 of 2025
- Defaulter: Raunak Shastri (PAN: ECLPS9722N)
- Matter: Illiquid Stock Options
- Status: Recovery proceedings completed
- Year: 2025
Regulatory Changes
No regulatory changes. This is an administrative notice regarding the completion of enforcement action.
Compliance Requirements
No new compliance requirements. This notice serves as confirmation that recovery proceedings have been completed against the defaulter.
Important Dates
- Notice Date: October 29, 2025
- Recovery Certificate: RC8809 of 2025
Impact Assessment
This is a case-specific enforcement notice with minimal market impact. The completion of recovery proceedings indicates that SEBI has successfully concluded its enforcement action against the defaulter in the matter of Illiquid Stock Options. This notice serves administrative and informational purposes, demonstrating SEBI’s continued efforts in enforcement and recovery of dues from defaulters.
Impact Justification
Administrative notice regarding completion of recovery proceedings against an individual defaulter. Limited market-wide impact as this is case-specific enforcement action that has been completed.