Description

SEBI has issued Recovery Certificate No. RC9099 of 2026 with a formal notice of demand against Anita Jhajharia (PAN: ACQPJ4887N) for recovery of penalty imposed in the matter of fraudulent trading in illiquid stock options at BSE.

Summary

SEBI has issued Recovery Certificate No. RC9099 of 2026, serving a formal Notice of Demand upon Anita Jhajharia (PAN: ACQPJ4887N) for recovery of monetary penalty imposed in connection with fraudulent and manipulative trading in the illiquid stock options segment at BSE. This notice is part of SEBI’s ongoing enforcement drive against entities found to have engaged in non-genuine trades in BSE’s illiquid stock options segment.

Key Points

  • Recovery Certificate No. RC9099 of 2026 issued against Anita Jhajharia (PAN: ACQPJ4887N)
  • Notice of Demand served for recovery of penalty amount determined in prior SEBI adjudication order
  • The matter pertains to fraudulent/manipulative trading in illiquid stock options at BSE
  • SEBI’s Recovery Officer is empowered to recover outstanding dues as arrears of land revenue under SEBI Act
  • Failure to comply with the demand may result in attachment of assets and coercive recovery proceedings

Regulatory Changes

No new regulatory changes are introduced by this notice. It is an enforcement action under existing SEBI (Recovery of Amount) Rules, 2013 and Section 28A of the SEBI Act, 1992, which empowers SEBI to recover penalty amounts as arrears of land revenue.

Compliance Requirements

  • Anita Jhajharia (PAN: ACQPJ4887N) is required to pay the demanded amount within the stipulated time period specified in the notice
  • Payment must be made to SEBI as directed in the Recovery Certificate
  • Non-payment may lead to attachment of bank accounts, securities, and other assets
  • The noticee may approach the relevant authority if disputing the demand, subject to procedural requirements

Important Dates

  • Recovery Certificate issued: 2026 (RC9099 of 2026)
  • Notice published: April 30, 2026
  • Payment deadline: As specified in the demand notice served upon the noticee (typically 15–30 days from date of service)

Impact Assessment

This is an individual enforcement and recovery action with no direct market-wide impact. It reflects SEBI’s continued efforts to enforce penalty orders arising from the illiquid stock options manipulation case at BSE, which involved a large number of entities. Market participants and investors are not directly affected. The action reinforces SEBI’s commitment to pursuing penalty recovery against individuals found guilty of market manipulation.

Impact Justification

Individual enforcement action for penalty recovery; part of SEBI's broader crackdown on illiquid stock options manipulation at BSE. Affects only the named individual and has no broader market impact.