Description

SEBI notice for attachment of bank accounts dated February 05, 2026 under RC 8979 of 2025 against Kishan S Rao (PAN - ARXPK0976D) in the matter of manipulation in Cerebra Integrated Technologies Limited.

Summary

SEBI has issued a Notice of Attachment of Bank Accounts dated February 05, 2026 under Recovery Certificate No. 8979 of 2025 against Kishan S Rao (PAN: ARXPK0976D) in connection with a market manipulation case involving Cerebra Integrated Technologies Limited. This enforcement action is part of SEBI’s recovery proceedings for violations related to manipulation activities.

Key Points

  • Entity: Kishan S Rao (PAN: ARXPK0976D)
  • Recovery Certificate No.: RC 8979 of 2025
  • Date of Notice: February 05, 2026
  • Nature of Violation: Market manipulation in Cerebra Integrated Technologies Limited
  • Action Taken: Attachment of bank accounts for recovery of dues
  • Stock Affected: Cerebra Integrated Technologies Limited

Regulatory Actions

SEBI has initiated attachment proceedings against the bank accounts of Kishan S Rao under the Recovery Certificate mechanism. This action is taken to recover amounts due from the defaulter in relation to market manipulation activities in the scrip of Cerebra Integrated Technologies Limited.

Compliance Requirements

  • Banks and financial institutions are required to freeze/attach the specified bank accounts of Kishan S Rao
  • The defaulter is prohibited from operating the attached bank accounts
  • Compliance with SEBI’s recovery certificate orders is mandatory
  • All stakeholders must cooperate with SEBI’s recovery proceedings

Important Dates

  • Notice Date: February 05, 2026
  • Recovery Certificate: RC 8979 of 2025

Impact Assessment

This enforcement action demonstrates SEBI’s continued focus on market manipulation cases and recovery of dues from defaulters. The attachment of bank accounts is a significant step in the recovery process and serves as a deterrent against market manipulation activities. Investors and market participants should note SEBI’s strict enforcement approach in cases involving manipulation of stock prices and related violations.

Impact Justification

High severity enforcement action involving attachment of bank accounts for market manipulation in Cerebra Integrated Technologies Limited, indicating serious regulatory violations and recovery proceedings.