Description
SEBI issues Recovery Certificate No. RC9040 of 2026 under Section 28A of the SEBI Act against Bajaj Pratisthan Pvt. Ltd. (PAN: AABCB0550E) for recovery of dues in the Illiquid Stock Options enforcement matter.
Summary
SEBI has issued Recovery Certificate No. RC9040 of 2026 in connection with Appeal/Application Nos. 15271 & 15272 of 2026 against Bajaj Pratisthan Pvt. Ltd. (PAN: AABCB0550E). This certificate is issued under Section 28A of the SEBI Act, 1992 for the recovery of outstanding dues arising from enforcement action in the Illiquid Stock Options matter.
Key Points
- Recovery Certificate No. RC9040 of 2026 issued by SEBI
- Pertains to Appeal/Application Nos. 15271 & 15272 of 2026
- Party: Bajaj Pratisthan Pvt. Ltd. (PAN: AABCB0550E)
- Relates to enforcement action in the matter of Illiquid Stock Options
- Issued under Section 28A of the SEBI Act, 1992 for recovery of dues
- Certificate empowers recovery of outstanding penalty/disgorgement amounts
Regulatory Changes
No new regulatory changes introduced. This is an enforcement/recovery action under existing provisions of the SEBI Act, 1992.
Compliance Requirements
- The named party (Bajaj Pratisthan Pvt. Ltd., PAN: AABCB0550E) is required to comply with the recovery proceedings
- Outstanding dues as specified in the certificate must be paid to SEBI
- Non-compliance may result in further coercive recovery measures under Section 28A of the SEBI Act
Important Dates
- Certificate Issue Date: April 10, 2026
- Appeal/Application Nos.: 15271 & 15272 of 2026
Impact Assessment
This recovery certificate has limited broad market impact as it is targeted at a specific private limited company. It is part of SEBI’s ongoing enforcement drive against participants found to have manipulated illiquid stock options on exchanges. The action reinforces SEBI’s commitment to recovering dues from defaulters in the illiquid stock options enforcement matter, which has seen large-scale action against numerous entities over recent years.
Impact Justification
Recovery certificate against a specific private limited company for dues in the illiquid stock options matter. High severity from a regulatory enforcement standpoint but limited broader market impact as it targets a specific defaulter.