Description
Notice of demand issued in the matter of illiquid stock options manipulation against Abhijit Mangaldas Shanghavi (PAN: ALWPS8086M).
Summary
SEBI has issued Recovery Certificate No. RC9009 of 2026 containing a Notice of Demand against Abhijit Mangaldas Shanghavi (PAN: ALWPS8086M) in connection with a case involving illiquid stock options manipulation. This is an enforcement action for recovery of dues.
Key Points
- Recovery Certificate Number: RC9009 of 2026
- Entity: Abhijit Mangaldas Shanghavi
- PAN: ALWPS8086M
- Matter: Illiquid Stock Options manipulation
- Document Type: Notice of Demand for recovery of penalties/dues
Regulatory Changes
No new regulatory changes. This is an enforcement action under existing regulations.
Compliance Requirements
- The noticee is required to pay the demanded amount as per the recovery certificate
- Failure to comply may result in further recovery proceedings including attachment of assets
- The demand is legally enforceable under SEBI recovery provisions
Important Dates
- Certificate Issue Date: January 22, 2026
- Payment deadline and specific amounts to be determined from the full certificate details
Impact Assessment
This is an individual enforcement action against Abhijit Mangaldas Shanghavi for involvement in illiquid stock options manipulation. The impact is limited to the individual concerned and does not affect broader market operations or create new compliance obligations for market participants. It demonstrates SEBI’s continued enforcement against market manipulation practices.
Impact Justification
Recovery certificate issued for penalty collection in illiquid stock options case; individual enforcement action with limited market-wide impact