Description
SEBI issues notice of demand under Recovery Certificate No. RC9001 of 2026 against Sat Devi (PAN: AAPPV5401P) in connection with illiquid stock options case.
Summary
SEBI has issued a Notice of Demand under Recovery Certificate No. RC9001 of 2026 against Sat Devi (PAN: AAPPV5401P) in relation to irregularities involving illiquid stock options. This represents enforcement action for recovery of dues determined in the matter.
Key Points
- Recovery Certificate Number: RC9001 of 2026
- Party Name: Sat Devi
- PAN: AAPPV5401P
- Matter: Illiquid Stock Options
- Document Type: Notice of Demand
- Issued by: Securities and Exchange Board of India
Regulatory Changes
No new regulatory changes. This is an enforcement action under existing recovery framework.
Compliance Requirements
Sat Devi is required to comply with the demand notice and pay the amounts specified in the recovery certificate within the stipulated timeline to avoid further recovery proceedings including attachment of assets.
Important Dates
- Notice Issue Date: January 8, 2026
- Payment deadline and other specific dates would be mentioned in the detailed notice
Impact Assessment
This is an individual enforcement action with no direct market-wide impact. It demonstrates SEBI’s continued vigilance in pursuing recovery against parties involved in illiquid stock manipulation cases. The action serves as a deterrent for market participants engaging in similar activities.
Impact Justification
High severity enforcement action against individual entity but low market-wide impact as it targets specific party in illiquid stock options matter