Description
SEBI issues release order for Recovery Certificate No. 8747 of 2025 in the matter of dealing in illiquid stock options at BSE against Bhavika Parimal Shah.
Summary
SEBI has issued a release order for Recovery Certificate No. 8747 of 2025 against Bhavika Parimal Shah in connection with the matter of dealing in illiquid stock options at BSE. This order pertains to enforcement and recovery proceedings.
Key Points
- Recovery Certificate No. 8747 of 2025 issued against Bhavika Parimal Shah
- Matter relates to dealing in illiquid stock options at BSE
- Release order indicates completion or satisfaction of recovery requirements
- Individual enforcement action with limited broader market implications
Regulatory Changes
No new regulatory changes introduced. This is an enforcement/recovery action.
Compliance Requirements
This order pertains to specific recovery proceedings against the named individual. No new compliance requirements for market participants.
Important Dates
- Order Date: December 10, 2025
Impact Assessment
Limited impact - this is an individual enforcement action related to recovery proceedings. The release order suggests resolution or compliance with recovery requirements. No direct market-wide operational or trading implications.
Impact Justification
Release order indicates compliance/closure of recovery proceedings against an individual entity; limited market-wide impact