Description

SEBI issues Notice of Demand under Recovery Certificate No. RC9018 of 2026 against Lalita Devi Sureka (PAN: AJAPS4841C) in the matter of illiquid stock options.

Summary

SEBI has issued Recovery Certificate No. RC9018 of 2026 containing a Notice of Demand against Lalita Devi Sureka (PAN: AJAPS4841C) in connection with the matter of illiquid stock options. This document initiates formal recovery proceedings under SEBI’s enforcement and recovery framework.

Key Points

  • Recovery Certificate Number: RC9018 of 2026
  • Entity: Lalita Devi Sureka
  • PAN: AJAPS4841C
  • Matter: Illiquid Stock Options
  • Document Type: Notice of Demand under recovery proceedings
  • Issuing Authority: Securities and Exchange Board of India (SEBI)

Regulatory Changes

No new regulatory changes introduced. This is an enforcement action under existing SEBI recovery and enforcement regulations.

Compliance Requirements

  • Lalita Devi Sureka is required to comply with the demand notice issued under Recovery Certificate No. RC9018 of 2026
  • Payment of outstanding dues as specified in the recovery certificate
  • Compliance with any additional directions or requirements specified in the notice

Important Dates

  • Recovery Certificate Issue Date: 2026
  • Notice Publication Date: February 9, 2026
  • Specific payment deadlines would be mentioned in the detailed notice

Impact Assessment

Market Impact: Minimal. This is an individual enforcement action with no direct impact on market operations or trading.

Regulatory Impact: Demonstrates SEBI’s continued enforcement activities in matters related to illiquid stock options and recovery of regulatory dues.

Entity Impact: High impact on the named individual (Lalita Devi Sureka) who is subject to formal recovery proceedings and must satisfy the demand notice to avoid further enforcement action including potential attachment of assets.

Impact Justification

High severity enforcement action against an individual entity with limited broader market impact. Recovery certificate indicates formal debt recovery proceedings for regulatory dues.