Description
SEBI issues notice of demand under Recovery Certificate No. RC9040 of 2026 against Bajaj Pratisthan Pvt. Ltd. (PAN: AABCB0550E) in connection with the illiquid stock options case.
Summary
SEBI has issued a Notice of Demand under Recovery Certificate No. RC9040 of 2026 against Bajaj Pratisthan Pvt. Ltd. (PAN: AABCB0550E) in relation to irregularities involving illiquid stock options. This represents an enforcement action for recovery of dues determined in the matter of illiquid stock options.
Key Points
- Recovery Certificate Number: RC9040 of 2026
- Party Name: Bajaj Pratisthan Pvt. Ltd.
- PAN: AABCB0550E
- Matter: Illiquid Stock Options
- Document Type: Notice of Demand
- Issued by: Securities and Exchange Board of India
Regulatory Changes
No new regulatory changes. This is an enforcement action under the existing SEBI recovery framework for dues arising from the illiquid stock options matter.
Compliance Requirements
Bajaj Pratisthan Pvt. Ltd. is required to comply with the demand notice and pay the amounts specified in the recovery certificate within the stipulated timeline to avoid further recovery proceedings, including attachment of bank accounts, demat accounts, and other assets.
Important Dates
- Notice Issue Date: February 18, 2026
- Payment deadline and other specific dates are mentioned in the detailed notice
Impact Assessment
This is an individual corporate enforcement action with no direct market-wide impact. It is part of SEBI’s ongoing enforcement activity against entities involved in the illiquid stock options manipulation cases. The action demonstrates SEBI’s continued pursuit of recovery from all parties found liable in such matters and serves as a deterrent for similar market misconduct.
Impact Justification
High severity enforcement action against a specific corporate entity in the illiquid stock options matter, but low market-wide impact as it targets a single party for recovery of dues.