Description

SEBI issued a Notice of Demand dated April 07, 2026 under Recovery Certificate No. 9080 of 2026 against B S Aggarwal & Sons HUF (PAN: AADHB3396M) in the matter of manipulative trading in illiquid stock options at BSE.

Summary

SEBI issued a Notice of Demand dated April 07, 2026 under Recovery Certificate No. 9080 of 2026 against B S Aggarwal & Sons HUF (PAN: AADHB3396M) in the matter of trading in illiquid stock options at BSE. This notice demands recovery of dues as adjudicated under SEBI’s enforcement proceedings against the defaulter.

Key Points

  • Recovery Certificate No. 9080 of 2026 issued against B S Aggarwal & Sons HUF (PAN: AADHB3396M)
  • Defaulter involved in trading in illiquid stock options at BSE
  • Notice of Demand dated April 07, 2026 issued by SEBI under its recovery proceedings
  • Part of SEBI’s broader enforcement action targeting manipulative trading in illiquid stock options segment at BSE
  • The HUF entity is classified as a defaulter, indicating non-payment of prior penalty/disgorgement order

Regulatory Changes

No new regulatory changes introduced. This is an enforcement/recovery action under existing SEBI powers pursuant to the SEBI Act, 1992 and relevant regulations governing recovery of amounts due to SEBI.

Compliance Requirements

  • The defaulter (B S Aggarwal & Sons HUF) is required to pay the demanded amount as specified in Recovery Certificate No. 9080 of 2026
  • Non-compliance with the notice of demand may lead to attachment of assets, bank accounts, and demat accounts
  • The defaulter must respond to the notice within the stipulated timeframe mentioned in the demand notice

Important Dates

  • April 07, 2026: Date of Recovery Certificate No. 9080 of 2026 and Notice of Demand issued
  • Response/payment deadline: As specified in the Notice of Demand document

Impact Assessment

This enforcement action has limited broader market impact. It is specific to one HUF entity (B S Aggarwal & Sons HUF) found to have engaged in manipulative trading in illiquid stock options at BSE. The action is part of SEBI’s ongoing enforcement drive against participants who manipulated the illiquid stock options segment — a series of enforcement actions that has resulted in numerous recovery certificates and attachment orders in 2025-2026. General market participants are not directly affected, but the action reinforces SEBI’s commitment to recovering dues from adjudicated defaulters.

Impact Justification

Enforcement action against a specific HUF entity for illiquid stock options trading; significant from a regulatory enforcement perspective but limited direct market impact.