Description
SEBI recovery proceedings against Altruistic Trading Pvt Ltd (PAN: AALCA0325L) in the matter of investigation in trading activities in the scrip of Optiemus Infracom Limited.
Summary
SEBI has issued a remittance advice under Recovery Certificate No. 8678 of 2025 against Altruistic Trading Pvt Ltd (PAN: AALCA0325L) in connection with investigation proceedings related to trading activities in the scrip of Optiemus Infracom Limited. This document pertains to recovery of dues from the defaulter entity.
Key Points
- Defaulter: Altruistic Trading Pvt Ltd (PAN: AALCA0325L)
- Recovery Certificate No. 8678 of 2025
- Matter relates to investigation in trading activities in Optiemus Infracom Limited scrip
- Remittance advice issued for recovery of outstanding amounts
Regulatory Changes
No regulatory changes announced. This is an enforcement action against a specific entity.
Compliance Requirements
The defaulter entity is required to remit the outstanding amounts as per the recovery certificate. Banks and financial institutions receiving remittances should ensure proper crediting to SEBI’s recovery account.
Important Dates
- Recovery Certificate issued: 2025
- Remittance Advice Date: February 5, 2026
Impact Assessment
Market Impact: Low - This is an entity-specific enforcement action with no direct market-wide implications.
Operational Impact: High for the defaulter entity (Altruistic Trading Pvt Ltd), minimal for other market participants.
Investor Impact: Minimal - No direct impact on retail or institutional investors unless they have direct dealings with the defaulter entity.
Impact Justification
Entity-specific recovery action against a defaulter. High severity for the defaulter but limited market-wide impact.