Description

SEBI issues Notice of Demand under Recovery Certificate No. RC9096 of 2026 against Swift Dealmark Private Limited (PAN: AAPCS1110D) in connection with the Illiquid Stock Options matter at BSE.

Summary

SEBI has issued a Notice of Demand under Recovery Certificate No. RC9096 of 2026 against Swift Dealmark Private Limited (PAN: AAPCS1110D). This notice is issued in the matter of Illiquid Stock Options at BSE, directing the entity to pay outstanding dues as determined by SEBI through prior adjudication or settlement proceedings.

Key Points

  • Recovery Certificate No. RC9096 of 2026 issued against Swift Dealmark Private Limited
  • Entity PAN: AAPCS1110D
  • Matter pertains to Illiquid Stock Options traded on BSE
  • SEBI is invoking its recovery powers to collect outstanding penalty or disgorgement amounts
  • The notice demands payment of the specified amount within the prescribed timeframe

Regulatory Changes

No new regulatory changes. This is an enforcement/recovery action under existing SEBI powers to recover dues from entities found in violation of securities laws in connection with the Illiquid Stock Options case at BSE.

Compliance Requirements

  • Swift Dealmark Private Limited is required to pay the demanded amount as specified in Recovery Certificate RC9096 of 2026
  • Failure to comply may result in further enforcement action including attachment of assets
  • The entity must respond to SEBI within the timeframe stipulated in the notice

Important Dates

  • Notice Date: April 30, 2026
  • Recovery Certificate: RC9096 of 2026
  • Payment deadline: As specified in the RC notice (typically within 15 days of service)

Impact Assessment

This notice has minimal broader market impact. It is a targeted enforcement action against a single entity (Swift Dealmark Private Limited) for past misconduct in the illiquid stock options segment at BSE. The Illiquid Stock Options matter is a longstanding SEBI enforcement case involving numerous entities that allegedly engaged in manipulative trading in illiquid stock option contracts on BSE. Recovery certificates are standard SEBI instruments used to collect outstanding dues post-adjudication.

Impact Justification

Routine SEBI enforcement recovery action against a single private limited company for past violations in the illiquid stock options matter at BSE; no broad market impact expected.