Description

SEBI remittance advice issued against defaulter Rahul Kumar (PAN: AULPR4789A) under Recovery Certificate No. 8520 of 2025 in the matter of Wisec Global Limited, confirming execution of recovery proceedings.

Summary

SEBI has issued a Remittance Advice against Rahul Kumar (PAN: AULPR4789A), designated as a defaulter, in the matter of Wisec Global Limited. The document is issued under Recovery Certificate No. 8520 of 2025, confirming that recovery proceedings have been executed against the named individual to recover dues owed under a prior SEBI order.

Key Points

  • Remittance advice issued against Rahul Kumar, designated as defaulter (PAN: AULPR4789A)
  • Pertains to the matter of Wisec Global Limited
  • Issued under Recovery Certificate No. 8520 of 2025
  • Document dated February 23, 2026
  • Recovery action initiated by SEBI under its statutory enforcement powers

Regulatory Changes

No new regulatory changes introduced. This is an enforcement/recovery document confirming the execution of an existing recovery certificate against a named defaulter.

Compliance Requirements

This document is specific to the named defaulter, Rahul Kumar. No new or general compliance obligations are imposed on other market participants. The remittance advice serves as a formal confirmation that recovery dues have been demanded or collected under the applicable recovery certificate.

Important Dates

  • Recovery Certificate No.: 8520 of 2025
  • Remittance Advice Issue Date: February 23, 2026

Impact Assessment

This remittance advice has minimal broader market impact as it pertains solely to enforcement and recovery proceedings against a specific named individual (Rahul Kumar) in the matter of Wisec Global Limited. The document confirms SEBI’s use of its recovery machinery under an existing certificate and does not introduce any new obligations, restrictions, or changes affecting other market participants, listed entities, or intermediaries.

Impact Justification

Individual-specific enforcement/recovery document with no new regulatory obligations for broader market participants; limited to named defaulter under an existing recovery certificate.