Description

SEBI issues notice of attachment of demat accounts and mutual fund folios dated December 16, 2025 under RC 8945 of 2025 against Pankaj Rameshchandra Vyas and Vaishali Pankaj Vyas in connection with manipulation in the scrip of SecUR Credentials Limited.

Summary

SEBI has issued a notice of attachment dated December 16, 2025, under Recovery Certificate No. 8945 of 2025 against Pankaj Rameshchandra Vyas (PAN: ADGPV4521L) and Vaishali Pankaj Vyas (PAN: AAPPV4036J). The attachment pertains to demat accounts and mutual fund folios held by these individuals in connection with alleged manipulation in the scrip of SecUR Credentials Limited.

Key Points

  • Attachment notice issued under Recovery Certificate No. 8945 of 2025
  • Targets demat accounts and mutual fund folios of two individuals
  • Related to market manipulation case involving SecUR Credentials Limited
  • Enforcement action demonstrates SEBI’s powers to freeze financial assets during recovery proceedings
  • Notice dated December 16, 2025

Regulatory Changes

No new regulatory changes. This is an enforcement action under existing SEBI recovery and attachment provisions.

Compliance Requirements

Depositories, depository participants, and mutual fund houses must comply with the attachment notice and freeze the specified accounts/folios. The attached assets cannot be transferred, sold, or pledged until further orders from SEBI.

Important Dates

  • December 16, 2025: Date of attachment notice

Impact Assessment

Market Impact: Limited direct market impact, but serves as a deterrent against market manipulation activities. Demonstrates SEBI’s willingness to use asset attachment as an enforcement tool.

Operational Impact: Affected individuals face restrictions on their demat accounts and mutual fund folios. Financial institutions holding these accounts must implement the attachment and maintain frozen status until SEBI directs otherwise.

Investor Impact: Reinforces investor confidence in market integrity by showing active enforcement against alleged manipulators. Highlights the consequences of engaging in manipulative trading practices.

Impact Justification

High severity enforcement action involving attachment of financial assets (demat accounts and mutual fund folios) against specific individuals in a market manipulation case, demonstrating SEBI's active enforcement in protecting market integrity