Description

SEBI has issued Recovery Certificate No. RC9007 of 2026 under Attachment Proceedings (A.P. Nos. 15182 & 15183 of 2026) against Nimisha Hemani (PAN: ABFPH7961K) for recovery of dues in the matter of trading in Illiquid Stock Options.

Summary

SEBI has issued Recovery Certificate No. RC9007 of 2026 in connection with Attachment Proceedings (A.P. Nos. 15182 & 15183 of 2026) against Nimisha Hemani (PAN: ABFPH7961K). This action is part of SEBI’s ongoing enforcement efforts in the matter of trading in Illiquid Stock Options on Indian exchanges.

Key Points

  • Recovery Certificate No. RC9007 of 2026 issued against Nimisha Hemani (PAN: ABFPH7961K)
  • Attachment Proceedings initiated under A.P. Nos. 15182 & 15183 of 2026
  • The matter pertains to alleged violations in connection with trading in Illiquid Stock Options
  • This is part of SEBI’s broader enforcement drive against manipulative trading in illiquid stock options

Regulatory Changes

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

Compliance Requirements

  • The named individual (Nimisha Hemani) is required to comply with the recovery certificate and settlement of dues as directed
  • Any banks, financial institutions, or third parties holding assets of the defaulter may be bound by the attachment proceedings

Important Dates

  • Certificate Date: February 26, 2026
  • A.P. Nos. 15182 & 15183 of 2026 filed in 2026

Impact Assessment

This is an individual-level enforcement order with no direct broader market impact. It reflects SEBI’s continued enforcement of penalties arising from the Illiquid Stock Options manipulation cases, which have resulted in a large number of recovery proceedings against individuals and entities found to have engaged in non-genuine trades in illiquid options segments.

Impact Justification

Individual enforcement action for penalty recovery against a specific person in the Illiquid Stock Options matter; no broad market impact but reflects ongoing SEBI enforcement activity.