Description

SEBI issues a Release Order for Shashi Jain (PAN: ACBPJ2127L), a designated defaulter, releasing them from defaulter status in the matter of ISO at BSE under Recovery Certificate No. 9028 of 2026.

Summary

SEBI has issued a Release Order for Shashi Jain (PAN: ACBPJ2127L), a designated defaulter in the matter of ISO (Investor Securities Obligation) at BSE (BSE-SHASHI JAIN). The release is issued under Recovery Certificate No. 9028 of 2026, formally removing Shashi Jain from the defaulters list and concluding enforcement proceedings against this individual.

Key Points

  • SEBI has issued a formal Release Order for Shashi Jain (PAN: ACBPJ2127L).
  • The release pertains to Recovery Certificate No. 9028 of 2026.
  • The matter involves ISO (Investor Securities Obligation) proceedings at BSE under the case name BSE-SHASHI JAIN.
  • This order formally removes the defaulter tag from Shashi Jain following completion of recovery obligations.
  • The release order is a consequential step following the earlier completion of Recovery Certificate No. 9028 of 2026 (dated February 11, 2026).

Regulatory Changes

No new regulatory changes are introduced. This is a case-specific administrative order concluding an enforcement action against a named individual.

Compliance Requirements

No new compliance obligations arise from this order. It serves as formal closure of the recovery and enforcement proceedings against Shashi Jain.

Important Dates

  • Recovery Certificate Issued: February 11, 2026
  • Recovery Certificate No.: 9028 of 2026
  • Release Order Date: April 28, 2026

Impact Assessment

This order has no market-wide impact. It is an individual enforcement closure confirming that Shashi Jain has fulfilled recovery obligations and is formally released from defaulter status at BSE. It is relevant only as part of SEBI’s enforcement activity record and has no effect on trading, listing, or broader market operations.

Impact Justification

This is an individual-level administrative enforcement closure, releasing a specific named defaulter from BSE defaulter status after completion of recovery proceedings. No broader market or regulatory impact.