Description

SEBI has issued Recovery Certificate No. RC9051 of 2026 as a Notice of Demand against Vineeta Kabra (PAN: ABNPL7384C) in connection with the investigation into trading in illiquid stock options.

Summary

SEBI has issued Recovery Certificate No. RC9051 of 2026, constituting a Notice of Demand against Vineeta Kabra (PAN: ABNPL7384C) in the matter of trading in illiquid stock options. This action is part of SEBI’s ongoing enforcement proceedings against entities found to have engaged in manipulative trading practices in illiquid stock options, primarily on BSE.

Key Points

  • Recovery Certificate No. RC9051 of 2026 issued by SEBI
  • Notice of Demand directed against Vineeta Kabra (PAN: ABNPL7384C)
  • Relates to the matter of trading in illiquid stock options
  • Part of SEBI’s broader enforcement campaign against manipulation in illiquid stock options segment
  • The RC enables SEBI to recover outstanding dues as a public demand under applicable law

Regulatory Changes

No new regulatory changes are introduced. This document is an enforcement/recovery action under existing SEBI regulations and the SEBI Act, 1992, enabling recovery of penalties or disgorgement amounts previously adjudicated.

Compliance Requirements

  • Vineeta Kabra (PAN: ABNPL7384C) is required to pay the demanded amount as specified in the Recovery Certificate
  • Non-payment may lead to further recovery proceedings including attachment of assets
  • The defaulter must comply with the terms of the notice within the stipulated timeframe

Important Dates

  • Recovery Certificate RC9051 of 2026 issued: February 2026
  • Compliance deadline: As specified in the notice of demand served on the party

Impact Assessment

This is an individual enforcement action with no direct market-wide impact. It reflects SEBI’s continued pursuit of recovery from entities involved in the illiquid stock options manipulation case, which was a significant enforcement matter involving numerous brokers, clients, and intermediaries. The broader illiquid stock options crackdown has had implications for market integrity in the derivatives segment, but this specific recovery certificate affects only the named individual.

Impact Justification

Individual enforcement/recovery action against a single party in the long-running illiquid stock options matter; no systemic market impact expected.