Notice of Attachment of Bank Accounts dated December 16, 2025 under RC 8945 of 2025 against Pankaj Rameshchandra Vyas (PAN - ADGPV4521L) and Vaishali Pankaj Vyas (PAN - AAPPV4036J) in the matter of Manipulation in the scrip of SecUR Credentials Limited

Description

SEBI issues notice of attachment of bank accounts against Pankaj Rameshchandra Vyas and Vaishali Pankaj Vyas in connection with recovery proceedings related to manipulation in SecUR Credentials Limited.

Summary

SEBI has issued a notice of attachment of bank accounts dated December 16, 2025 under Recovery Certificate No. 8945 of 2025 against Pankaj Rameshchandra Vyas (PAN - ADGPV4521L) and Vaishali Pankaj Vyas (PAN - AAPPV4036J). This enforcement action is taken in connection with manipulation in the scrip of SecUR Credentials Limited. The attachment order is part of SEBI’s recovery proceedings to recover dues from the individuals involved in the market manipulation case.

Key Points

• Recovery Certificate No. 8945 of 2025 issued against two individuals
• Individuals identified: Pankaj Rameshchandra Vyas (PAN - ADGPV4521L) and Vaishali Pankaj Vyas (PAN - AAPPV4036J)
• Attachment of bank accounts ordered as part of recovery proceedings
• Case relates to manipulation in the scrip of SecUR Credentials Limited
• Notice dated December 16, 2025

Regulatory Changes

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

Compliance Requirements

• The named individuals are subject to bank account attachment
• Banks holding accounts of the named individuals must comply with the attachment order
• The individuals must cooperate with SEBI’s recovery proceedings
• Any dealings with the attached bank accounts may be restricted pending recovery

Important Dates

• December 16, 2025: Date of Notice of Attachment of Bank Accounts
• RC No. 8945 of 2025: Recovery Certificate reference number

Impact Assessment

Market Impact: Moderate - This enforcement action demonstrates SEBI’s continued vigilance against market manipulation and sends a strong deterrent message to market participants.

Individual Impact: High - The named individuals face attachment of their bank accounts, which significantly restricts their financial operations until the recovery proceedings are concluded.

Regulatory Impact: This action reinforces SEBI’s commitment to recovering dues from entities and individuals found guilty of market manipulation, strengthening the enforcement mechanism for securities market violations.

Impact Justification

High severity enforcement action involving attachment of bank accounts under recovery proceedings for market manipulation in SecUR Credentials Limited. Direct impact on individuals named in the order.