Description

SEBI Recovery Officer issues Notice of Demand under Recovery Certificate No. RC9097 of 2026 to Basundhara Marcom Pvt. Ltd (PAN: AAECB7768B) for recovery of dues in the matter of Illiquid Stock Options at BSE.

Summary

SEBI’s Recovery Officer has issued a Notice of Demand under Recovery Certificate No. RC9097 of 2026 against Basundhara Marcom Pvt. Ltd (PAN: AAECB7768B) for recovery of outstanding dues. The certificate pertains to penalties or disgorgement amounts imposed on the entity in connection with the matter of Illiquid Stock Options at BSE, where SEBI conducted extensive enforcement actions against entities found to have manipulated trading in illiquid stock options on BSE.

Key Points

  • Recovery Certificate No. RC9097 of 2026 issued by SEBI’s Recovery Officer
  • Notice of Demand served on Basundhara Marcom Pvt. Ltd (PAN: AAECB7768B)
  • Arises from SEBI enforcement action in the Illiquid Stock Options at BSE matter
  • The entity is required to pay the demanded amount within the stipulated timeframe
  • Non-payment may result in attachment and sale of assets under the SEBI Act

Regulatory Changes

No new regulatory changes. This is an enforcement/recovery action under existing SEBI (Recovery of Amounts) Rules and the SEBI Act, 1992.

Compliance Requirements

  • Basundhara Marcom Pvt. Ltd must pay the demanded dues as specified in the Recovery Certificate
  • Payment must be made within the time period mentioned in the Notice of Demand
  • Failure to comply may lead to coercive recovery measures including attachment of bank accounts, properties, and other assets
  • The entity may approach the appropriate forum for any grievance against the demand

Important Dates

  • Recovery Certificate Date: 2026 (RC9097 of 2026)
  • Notice of Demand issued: April 30, 2026
  • Payment deadline: As specified in the Notice of Demand served on the entity

Impact Assessment

This notice has no broad market impact. It is a routine enforcement/recovery action limited to Basundhara Marcom Pvt. Ltd. The Illiquid Stock Options at BSE matter was a large-scale enforcement case by SEBI, and multiple entities received similar recovery notices. Investors and market participants not connected to this entity are unaffected.

Impact Justification

This is an individual enforcement/recovery action against a specific entity (Basundhara Marcom Pvt. Ltd) for dues arising from the Illiquid Stock Options at BSE matter. It has no broad market or regulatory policy impact; it is relevant only to the named entity and its counterparties.