Description

SEBI cancels Recovery Certificate No. 8103 of 2024 dated September 30, 2024 issued against Kamlesh Agrawal (PAN: AFUPA7917B) in connection with dealings in Illiquid Stock Options at BSE, indicating recovery of dues.

Summary

SEBI has issued an order cancelling Recovery Certificate No. 8103 of 2024, which was originally dated September 30, 2024, and issued against Kamlesh Agrawal (Defaulter, PAN: AFUPA7917B) in the matter of dealings in Illiquid Stock Options at BSE. The cancellation indicates that the outstanding dues or penalty amount under the recovery certificate have been satisfied or the matter has otherwise been resolved.

Key Points

  • Recovery Certificate No. 8103 of 2024 (dated September 30, 2024) has been cancelled by SEBI
  • The recovery certificate was issued against Kamlesh Agrawal (PAN: AFUPA7917B)
  • The underlying matter pertains to dealings in Illiquid Stock Options at BSE
  • Cancellation implies recovery of dues or closure of the enforcement action against the defaulter
  • This order was issued on or around March 18, 2026

Regulatory Changes

No new regulatory changes are introduced by this order. It is an administrative closure of an existing enforcement/recovery proceeding against a specific individual.

Compliance Requirements

No new compliance requirements arise from this order for market participants generally. The cancellation of the recovery certificate closes SEBI’s recovery action against Kamlesh Agrawal in this specific matter.

Important Dates

  • September 30, 2024: Original date of issuance of Recovery Certificate No. 8103 of 2024
  • March 18, 2026: Date of cancellation order issued by SEBI

Impact Assessment

This order has no broader market or regulatory impact. It is an administrative action specific to the named defaulter (Kamlesh Agrawal) and closes the recovery proceedings initiated under Recovery Certificate No. 8103 of 2024. The cancellation is a routine enforcement closure and does not affect other market participants or trading norms related to stock options at BSE.

Impact Justification

This is an administrative closure order cancelling a recovery certificate against a named individual defaulter. It has no broader market impact and affects only the specific party involved.