Description

SEBI issues notice of demand under Recovery Certificate No. RC9082 of 2026 against Tavarya Trade-Link Private Limited (PAN: AACCT5851H) in connection with illiquid stock options case.

Summary

SEBI has issued a Notice of Demand under Recovery Certificate No. RC9082 of 2026 against Tavarya Trade-Link Private Limited (PAN: AACCT5851H) in relation to irregularities involving illiquid stock options. This represents a formal enforcement action for recovery of dues determined in the matter of Illiquid Stock Options.

Key Points

  • Recovery Certificate Number: RC9082 of 2026
  • Party Name: Tavarya Trade-Link Private Limited
  • PAN: AACCT5851H
  • Entity Type: Private Limited Company
  • Matter: Illiquid Stock Options
  • Document Type: Notice of Demand
  • Issued by: Securities and Exchange Board of India

Regulatory Changes

No new regulatory changes. This is an enforcement action under the existing SEBI recovery framework for collection of dues established through prior proceedings.

Compliance Requirements

Tavarya Trade-Link Private Limited is required to comply with the demand notice and pay the amounts specified in the recovery certificate within the stipulated timeline. Failure to comply may result in further recovery proceedings including attachment of bank accounts, demat accounts, and other assets of the company.

Important Dates

  • Notice Issue Date: April 2026
  • Specific payment deadlines and other dates are contained in the detailed notice document

Impact Assessment

This is a targeted enforcement action against a specific private limited company with no direct market-wide impact. It demonstrates SEBI’s continued recovery proceedings against entities involved in illiquid stock options manipulation cases. The action contributes to SEBI’s broader enforcement drive to recover dues from parties found to have engaged in manipulative trading practices in illiquid stock options at BSE.

Impact Justification

High severity enforcement action against a private limited company in illiquid stock options matter, but low market-wide impact as it targets a specific party for dues recovery.