Description
SEBI issues Recovery Certificate No. RC9014 of 2026 under Attachment Proceedings Nos. 15263 & 15264 of 2026 against Kala Suppliers Pvt. Ltd. (PAN: AAECK1933H) for recovery of dues arising from the Illiquid Stock Options matter.
Summary
SEBI has issued Recovery Certificate No. RC9014 of 2026 in connection with Attachment Proceedings (A.P.) Nos. 15263 and 15264 of 2026 against Kala Suppliers Pvt. Ltd. (PAN: AAECK1933H). This certificate is part of SEBI’s ongoing enforcement action in the Illiquid Stock Options matter, directing recovery of outstanding dues from the named company.
Key Points
- Recovery Certificate No. RC9014 of 2026 issued against Kala Suppliers Pvt. Ltd. (PAN: AAECK1933H)
- Relates to Attachment Proceedings Nos. 15263 and 15264 of 2026
- Enforcement action arises from the Illiquid Stock Options case
- Certificate authorises recovery of dues as determined by SEBI
- Issued under SEBI’s recovery and enforcement powers
Regulatory Changes
No new regulatory changes. This document represents the execution of existing enforcement powers under SEBI (Recovery of Amounts) Rules and the SEBI Act.
Compliance Requirements
- Kala Suppliers Pvt. Ltd. is required to comply with the terms of the Recovery Certificate
- Payment of the outstanding dues as specified in the certificate is required
- Non-compliance may result in further attachment and coercive recovery measures
Important Dates
- Certificate issued: April 10, 2026
- Attachment Proceedings A.P. Nos. 15263 & 15264 of 2026 are active
Impact Assessment
This is a company-level enforcement action with no direct impact on the broader market or other market participants. The Illiquid Stock Options matter has been a long-running SEBI enforcement initiative targeting manipulation in illiquid options contracts. Recovery certificates such as this one represent the final enforcement stage where SEBI seeks to recover monetary penalties or disgorgement amounts from entities found to have violated securities laws.
Impact Justification
This is a company-level enforcement/recovery action against Kala Suppliers Pvt. Ltd. in the Illiquid Stock Options matter. It has no broader market impact but is a high-severity enforcement action for the named entity.