Description
SEBI issues Notice of Demand under Recovery Certificate number 8962 of 2025 to Anupam Gupta (PAN: AHQPG5608R) for non-compliance in the matter of insider trading in Nucleus Software Exports Ltd.
Summary
SEBI has issued a Notice of Demand under Recovery Certificate No. 8962 of 2025 dated November 28, 2025 to Anupam Gupta (PAN: AHQPG5608R) in connection with insider trading violations in the scrip of Nucleus Software Exports Ltd. This notice is part of SEBI’s enforcement proceedings to recover outstanding amounts from the defaulter.
Key Points
- Recovery Certificate No. 8962 of 2025 issued on November 28, 2025
- Defaulter: Anupam Gupta
- PAN: AHQPG5608R
- Matter relates to insider trading in Nucleus Software Exports Ltd.
- Document type: Notice of Demand for recovery of dues
Regulatory Changes
No regulatory changes introduced. This is an enforcement action under existing SEBI regulations regarding insider trading and recovery of penalties.
Compliance Requirements
Anupam Gupta is required to comply with the Notice of Demand and pay the outstanding amounts as specified in the Recovery Certificate. Failure to comply may result in further recovery proceedings including attachment of assets.
Important Dates
- Recovery Certificate Issue Date: November 28, 2025
- Recovery Certificate Number: 8962 of 2025
Impact Assessment
Market Impact: Low - This is an individual enforcement action with no direct impact on market operations or other participants.
Individual Impact: High - Serious enforcement action against the named individual with potential asset recovery proceedings.
Compliance Impact: This notice serves as a reminder to market participants about SEBI’s continued enforcement of insider trading regulations and recovery of penalties from defaulters.
Impact Justification
Enforcement action against individual defaulter for insider trading; limited market-wide impact but high severity for the individual involved