Description

SEBI issues Recovery Certificate No. RC9046 of 2026 under A.P. Nos. 15234 & 15235 of 2026 against Sheo Kumar Kejriwal HUF (PAN: AAXHS5756C) for dues arising from the illiquid stock options matter.

Summary

SEBI has issued Recovery Certificate No. RC9046 of 2026 under Adjudication Proceedings (A.P.) Nos. 15234 & 15235 of 2026 against Sheo Kumar Kejriwal HUF (PAN: AAXHS5756C) in the matter of illiquid stock options. This certificate enables SEBI to recover outstanding dues from the entity as determined in the adjudication proceedings.

Key Points

  • Recovery Certificate No. RC9046 of 2026 issued against Sheo Kumar Kejriwal HUF (PAN: AAXHS5756C)
  • Covers A.P. Nos. 15234 & 15235 of 2026
  • Related to the illiquid stock options matter investigated by SEBI
  • Authorizes recovery of dues as determined in adjudication proceedings
  • Issued under SEBI’s enforcement and recovery framework

Regulatory Changes

No new regulatory changes introduced. This is an enforcement action under existing SEBI recovery mechanisms pursuant to adjudication proceedings.

Compliance Requirements

  • Sheo Kumar Kejriwal HUF is required to pay the dues specified in the recovery certificate
  • Non-payment may result in further enforcement actions including attachment of assets
  • The entity must comply with the directions issued under A.P. Nos. 15234 & 15235 of 2026

Important Dates

  • Recovery Certificate issued: March 2026
  • A.P. Nos. 15234 & 15235 of 2026 form the basis of this certificate

Impact Assessment

This is a targeted enforcement action against a specific HUF entity (Sheo Kumar Kejriwal HUF) involved in illiquid stock options trading. The impact is limited to the named entity and does not affect broader market participants. It reflects SEBI’s continued enforcement actions in the illiquid stock options matter, which has been an ongoing regulatory focus area involving penalties and recovery proceedings against multiple entities.

Impact Justification

Routine enforcement recovery certificate against a specific entity (HUF) for dues in the illiquid stock options matter; limited broader market impact.