Description

SEBI has issued a Completion Order for Recovery Certificate No. 8577 of 2025 against Ankur Jain, Proprietor of Winway Research, indicating that the recovery proceedings have been successfully completed.

Summary

SEBI has issued a Completion Order in respect of Recovery Certificate No. 8577 of 2025, which was issued against Ankur Jain, the Proprietor of Winway Research. The completion order signifies that the recovery proceedings initiated under the certificate have been successfully concluded, likely indicating payment or satisfaction of the dues demanded.

Key Points

  • Recovery Certificate No. 8577 of 2025 was issued against Winway Research, a research/advisory proprietorship operated by Ankur Jain
  • SEBI has now issued a Completion Order, marking the closure of the recovery proceedings
  • A Completion Order typically indicates that the amount due under the recovery certificate has been paid or the matter has otherwise been resolved to SEBI’s satisfaction
  • The order was issued on or around February 24, 2026

Regulatory Changes

No regulatory changes are introduced by this order. It is an administrative/enforcement closure document specific to this individual case.

Compliance Requirements

No new compliance requirements arise from this order. The order confirms completion of obligations under Recovery Certificate No. 8577 of 2025 by Ankur Jain / Winway Research. Other market participants are not directly affected.

Important Dates

  • Recovery Certificate No. 8577 of 2025: Issued during 2025
  • Completion Order Date: February 24, 2026

Impact Assessment

This order has no material impact on the broader market or other market participants. It is an individual enforcement matter that has been resolved. The completion of the recovery proceedings against Winway Research / Ankur Jain closes SEBI’s enforcement action in this specific case. Investors who may have previously engaged with Winway Research for advisory services should note that this entity was subject to SEBI recovery proceedings.

Impact Justification

This is an administrative completion order confirming that recovery proceedings against an individual research entity proprietor have concluded. It has no direct market-wide impact and concerns a single resolved enforcement matter.