Description

SEBI issues a Completion Certificate for Recovery Certificate No. 8512 of 2025 against Priti Rajesh Katira (PAN: ADHPK0999A), confirming full recovery of dues in the matter of trading in illiquid stock options at BSE.

Summary

SEBI has issued a Completion Certificate for Recovery Certificate No. 8512 of 2025 against Priti Rajesh Katira (PAN: ADHPK0999A) in the matter of trading in illiquid stock options at BSE. The issuance of a Completion Certificate confirms that all outstanding dues and penalties under the recovery proceedings have been fully recovered, and the enforcement action is thereby concluded.

Key Points

  • SEBI issued Recovery Certificate No. 8512 of 2025 against Priti Rajesh Katira (PAN: ADHPK0999A)
  • The matter pertains to trading in illiquid stock options at BSE
  • A Completion Certificate has been issued, signifying full recovery of all dues
  • The recovery proceedings against the individual are hereby concluded
  • A companion Release Order (for bank accounts, demat accounts, and mutual fund folios) has also been issued simultaneously

Regulatory Changes

No new regulatory changes. This is an enforcement closure document confirming conclusion of an existing recovery proceeding.

Compliance Requirements

No new compliance requirements for market participants. This order pertains solely to Priti Rajesh Katira and the completion of their payment obligations under Recovery Certificate No. 8512 of 2025.

Important Dates

  • Order Date: February 24, 2026
  • Recovery Certificate: No. 8512 of 2025 (original certificate issued in 2025)

Impact Assessment

This circular has minimal market impact. It is a routine administrative closure of an individual enforcement and recovery action related to trading in illiquid stock options at BSE. The issuance of the Completion Certificate, along with the concurrent Release Order for attached financial assets (bank accounts, demat accounts, mutual fund folios), signals that the respondent has fulfilled all financial obligations imposed by SEBI. No broader market or operational impact is expected.

Impact Justification

This is a routine closure document confirming completion of recovery proceedings against a single individual. It has no broader market impact and signals the conclusion of a personal enforcement action rather than introducing any new regulatory requirement.