Description

SEBI issues recovery demand notice to Sattu Yadav (PAN: AHXPY0089P) for violations in dealing with illiquid stock options at BSE.

Summary

SEBI has issued a Notice of Demand under Recovery Certificate number 9004 of 2026 dated January 14, 2026, to Sattu Yadav (PAN: AHXPY0089P) in connection with violations related to dealing in illiquid stock options at the Bombay Stock Exchange (BSE). This enforcement action seeks recovery of dues arising from regulatory violations.

Key Points

  • Recovery Certificate No. 9004 of 2026 issued on January 14, 2026
  • Target entity: Sattu Yadav (PAN: AHXPY0089P)
  • Violation pertains to dealing in illiquid stock options at BSE
  • Formal demand notice issued for recovery of outstanding amounts
  • Part of SEBI’s ongoing enforcement against market manipulation and illiquid securities trading

Regulatory Changes

No new regulatory changes introduced. This is an enforcement action under existing SEBI regulations governing trading in illiquid securities and stock options.

Compliance Requirements

  • Sattu Yadav is required to pay the demanded amount as specified in the recovery certificate
  • Failure to comply may result in further enforcement proceedings including attachment of assets
  • The entity must respond to SEBI’s demand within the stipulated timeframe

Important Dates

  • January 14, 2026: Date of issuance of Recovery Certificate No. 9004 of 2026
  • Payment deadline would be specified in the detailed recovery notice

Impact Assessment

Market Impact: Low - This is an individual enforcement action with no direct impact on broader market operations or trading systems.

Entity Impact: High - Sattu Yadav faces financial liability and potential asset attachment if recovery demands are not met.

Regulatory Significance: This notice demonstrates SEBI’s continued focus on enforcement against illiquid stock option trading violations and market manipulation. It serves as a deterrent to similar violations by other market participants.

Impact Justification

Enforcement action against individual trader for illiquid stock options violations. High severity for named entity but low market-wide impact.