Description
SEBI's General Remittance Order dated December 19, 2025, against Grovalue Securities Private Limited in the matter of ISO at BSE.
Summary
SEBI has issued a General Remittance Order dated December 19, 2025, with Recovery Certificate No. 8396 of 2024 against Grovalue Securities Private Limited. This order relates to matters concerning ISO (Initial Service Offering) at BSE and involves recovery proceedings against the broker for regulatory violations.
Key Points
- Recovery Certificate No. 8396 of 2024 issued against Grovalue Securities Private Limited
- Order dated December 19, 2025
- Related to ISO matters at BSE
- Enforcement action under SEBI’s recovery jurisdiction
- Indicates outstanding dues or penalties imposed on the broker
Regulatory Changes
No new regulatory framework changes. This is an enforcement action under existing SEBI recovery provisions.
Compliance Requirements
- Grovalue Securities Private Limited must comply with the remittance order
- Payment of outstanding amounts as per the recovery certificate
- Failure to comply may result in further enforcement actions including attachment of assets
- Market participants should note the regulatory action against this broker
Important Dates
- Order Date: December 19, 2025
- Recovery Certificate Year: 2024
Impact Assessment
Market Impact: Medium - This action is specific to one broker and relates to past violations. However, it signals SEBI’s continued enforcement of compliance standards.
Regulatory Impact: High - Demonstrates SEBI’s commitment to recovering dues and penalties from non-compliant entities.
Broker Impact: High - Grovalue Securities faces recovery proceedings which may affect their operations and reputation. Clients of this broker should monitor the situation closely.
Precedent: This order reinforces that SEBI will pursue recovery of outstanding dues through formal remittance orders and recovery certificates.
Impact Justification
SEBI recovery certificate issued against a broker indicates serious regulatory violations requiring payment enforcement, signaling high compliance risk for the entity.