Description
SEBI issues Recovery Certificate No. RC9006 of 2026 against Sankat Mochan Holdings Private Limited (PAN: AAECS8505M) for recovery of dues arising from adjudication proceedings in the matter of Illiquid Stock Options.
Summary
SEBI has issued Recovery Certificate No. RC9006 of 2026 in connection with A.P. Nos. 15320 & 15321 of 2026 against Sankat Mochan Holdings Private Limited (PAN: AAECS8505M). The certificate pertains to recovery of monetary dues arising from adjudication proceedings in the matter of trading in Illiquid Stock Options on stock exchanges.
Key Points
- Recovery Certificate No. RC9006 of 2026 issued by SEBI against Sankat Mochan Holdings Private Limited
- PAN of the entity: AAECS8505M
- Appeal/Application Nos. 15320 & 15321 of 2026 are associated with this recovery action
- The matter relates to alleged manipulation or irregular trading in Illiquid Stock Options
- This certificate enables SEBI to recover outstanding dues as arrears of land revenue under securities law provisions
- Part of a series of recovery certificates (RC9006, RC9015, RC9017, RC9021, etc.) issued by SEBI in April 2026 in the same broad matter
Regulatory Changes
No new regulatory changes introduced. This document is an enforcement instrument — a recovery certificate issued under Section 28A of the Securities and Exchange Board of India Act, 1992, enabling recovery of penalties/disgorgement amounts as arrears of land revenue.
Compliance Requirements
- Sankat Mochan Holdings Private Limited is required to satisfy the outstanding dues specified in the recovery certificate
- The entity must comply with the payment obligations arising from the adjudication order referenced by A.P. Nos. 15320 & 15321 of 2026
- Non-compliance may lead to recovery proceedings through the designated authority (typically the Collector/District Magistrate)
Important Dates
- Certificate issued: April 2026
- A.P. Nos. 15320 & 15321 of 2026 reference the underlying adjudication/appeal proceedings
- Dues to be recovered as per timelines specified in the underlying adjudication order
Impact Assessment
This recovery certificate has a limited market-wide impact as it targets a specific private limited company. However, it signals continued SEBI enforcement action in the Illiquid Stock Options matter, which has seen widespread action against numerous entities across India. The broader enforcement sweep affects market integrity in the derivatives segment and serves as a deterrent against manipulation of illiquid contracts. Investors and market participants involved in similar trades should note the ongoing regulatory scrutiny.
Impact Justification
This is an enforcement action — a recovery certificate issued by SEBI to recover dues from a specific entity involved in Illiquid Stock Options manipulation. It directly affects only the named entity but is part of a broad SEBI enforcement sweep against illiquid stock options traders.