Description
SEBI issues notice of attachment dated November 19, 2025 in Recovery Certificate No. 8396 of 2024 against Grovalue Securities Private Limited in the matter of Initial Subscription Offer (ISO) at BSE.
Summary
SEBI has issued a Notice of Attachment dated November 19, 2025 under Recovery Certificate No. 8396 of 2024 against Grovalue Securities Private Limited. This enforcement action relates to violations in the matter of Initial Subscription Offer (ISO) at BSE involving Grovalue Securities Private Limited. The notice signifies SEBI’s formal proceeding to attach properties/assets of the entity for recovery of dues arising from regulatory violations.
Key Points
- Recovery Certificate Number: RC No. 8396 of 2024
- Notice Date: November 19, 2025
- Entity: Grovalue Securities Private Limited
- Matter: ISO at BSE - Grovalue Securities Private Limited
- Action Type: Notice of Attachment (enforcement recovery proceeding)
- This represents a formal attachment proceeding initiated by SEBI for recovery of penalties/dues
Regulatory Changes
No new regulatory changes are introduced by this notice. This is an enforcement action under existing SEBI recovery regulations.
Compliance Requirements
- Grovalue Securities Private Limited must comply with the attachment notice issued by SEBI
- The entity’s assets/properties as specified in the notice are subject to attachment for recovery purposes
- Any persons or entities holding assets of Grovalue Securities Private Limited must comply with the attachment order
- Non-compliance with attachment notice may attract further penal consequences
Important Dates
- Notice Issue Date: November 19, 2025
- Recovery Certificate: RC No. 8396 of 2024
Impact Assessment
Impact on Grovalue Securities Private Limited:
- High impact - Attachment of assets/properties limits operational and financial flexibility
- Indicates serious regulatory violations requiring recovery enforcement
- May affect business operations and reputation in the market
- Could lead to further restrictions on trading/business activities
Market Impact:
- Medium impact - Serves as a deterrent for market participants regarding ISO-related violations
- Reinforces SEBI’s commitment to enforcement and recovery of dues from violators
- Clients of Grovalue Securities should be aware of the enforcement action against the broker
Regulatory Significance:
- Demonstrates SEBI’s use of attachment proceedings as a recovery mechanism
- Part of SEBI’s broader enforcement framework to ensure compliance and recover penalties from defaulting entities
- Highlights consequences of non-compliance with ISO regulations at stock exchanges
Impact Justification
High severity enforcement action involving attachment proceedings against a securities firm for non-compliance related to Initial Subscription Offer violations, indicating serious regulatory breach requiring recovery measures