Description
SEBI issues Recovery Certificate No. RC9049 of 2026 under A.P. Nos. 15277 & 15278 of 2026 against Viswaroop Marketing Pvt. Ltd. (PAN: AADCV1815E) for recovery of penalty imposed in the matter of Illiquid Stock Options.
Summary
SEBI has issued Recovery Certificate No. RC9049 of 2026 in respect of Viswaroop Marketing Pvt. Ltd. (PAN: AADCV1815E) pursuant to Adjudication Proceedings A.P. Nos. 15277 & 15278 of 2026. The certificate is issued to recover penalties/dues determined against the noticee in the matter of irregular trading in Illiquid Stock Options on Indian stock exchanges.
Key Points
- Recovery Certificate No. RC9049 of 2026 issued against Viswaroop Marketing Pvt. Ltd. (PAN: AADCV1815E)
- Pertains to A.P. Nos. 15277 & 15278 of 2026
- Matter relates to dealings in Illiquid Stock Options
- Certificate enables SEBI/authorised officers to recover outstanding dues as arrears of land revenue
- Part of SEBI’s sustained enforcement drive against manipulative trading in illiquid stock options
Regulatory Changes
No new regulatory changes introduced. This is an enforcement/recovery action under existing SEBI (Recovery of Amounts) Regulations.
Compliance Requirements
- Viswaroop Marketing Pvt. Ltd. is required to pay the outstanding penalty/dues specified in the Recovery Certificate
- Banks, depositories, and other financial institutions may be directed to attach assets of the noticee for recovery
- Non-payment may result in attachment and sale of properties/assets
Important Dates
- Certificate issued: April 10, 2026
- A.P. Nos. 15277 & 15278 of 2026 adjudication proceedings forming the basis of the certificate
Impact Assessment
This order has a limited market impact as it targets a single corporate entity (Viswaroop Marketing Pvt. Ltd.) for past violations in illiquid stock options trading. It is part of SEBI’s broader and ongoing enforcement campaign against entities involved in manipulative or fraudulent trades in illiquid stock options. No systemic or sector-wide implications are expected.
Impact Justification
Routine enforcement action — corporate entity-level penalty recovery certificate in the ongoing SEBI crackdown on illiquid stock options manipulation. No broad market or systemic impact.