Description
SEBI remittance advice for recovery proceedings against Sikhar Infrastructure Private Limited (PAN: AAHCS7579Q) in the matter of trading in illiquid stock options at BSE.
Summary
SEBI has issued a remittance advice under Recovery Certificate No. 7223 of 2023 against Sikhar Infrastructure Private Limited (PAN: AAHCS7579Q) in the matter of trading in illiquid stock options at BSE. This document confirms receipt of payment from the defaulter entity as part of recovery proceedings.
Key Points
- Defaulter: Sikhar Infrastructure Private Limited
- PAN: AAHCS7579Q
- Recovery Certificate No.: 7223 of 2023
- Matter: Trading in Illiquid Stock Options at BSE
- Document Type: Remittance Advice (payment receipt confirmation)
Regulatory Changes
No new regulatory changes. This is an enforcement action related to existing regulations on trading in illiquid stock options.
Compliance Requirements
This remittance advice confirms payment received from the defaulter as part of recovery proceedings. The entity was required to pay amounts determined in earlier proceedings related to illiquid stock options trading violations.
Important Dates
- Circular Date: January 21, 2026
- Recovery Certificate issued: 2023
Impact Assessment
This is a routine enforcement and recovery action against a specific entity. The impact is limited to the defaulter entity (Sikhar Infrastructure Private Limited) and does not have broader market implications. The remittance advice indicates progress in SEBI’s recovery proceedings for past violations.
Impact Justification
Recovery proceedings against specific defaulter entity for past trading violations in illiquid stock options. High severity for the defaulter but low market-wide impact.