Description

SEBI has completed Recovery Certificate No. RC9083 of 2026 issued against Vikash Chirimar (PAN: AAHHV8471P) in the matter of Illiquid Stock Options, indicating recovery of dues has been accomplished.

Summary

SEBI has issued a notice confirming the completion of Recovery Certificate No. RC9083 of 2026 against Vikash Chirimar (PAN: AAHHV8471P) in connection with the Illiquid Stock Options matter. This notice signifies that the recovery proceedings initiated against the individual have been concluded, indicating that the dues payable to SEBI have been recovered.

Key Points

  • Recovery Certificate No. RC9083 of 2026 has been completed against Vikash Chirimar (PAN: AAHHV8471P)
  • The matter pertains to SEBI’s enforcement action related to Illiquid Stock Options
  • Completion of the recovery certificate indicates successful recovery of penalty/dues
  • This is an administrative closure document in SEBI’s enforcement process

Regulatory Changes

No new regulatory changes are introduced by this notice. It is a procedural completion document within SEBI’s existing enforcement and recovery framework.

Compliance Requirements

No new compliance requirements arise from this notice. The completion of the recovery certificate signifies that the subject individual has fulfilled (or SEBI has otherwise recovered) the outstanding obligations arising from earlier enforcement orders related to Illiquid Stock Options trading.

Important Dates

  • Date of completion notice: May 2026
  • Recovery Certificate: RC9083 of 2026

Impact Assessment

This notice has no broad market or industry impact. It is an individual enforcement closure affecting only Vikash Chirimar. Market participants and intermediaries are not required to take any action. The Illiquid Stock Options enforcement proceedings by SEBI have resulted in successful recovery in this specific case, reinforcing SEBI’s enforcement effectiveness.

Impact Justification

This is an administrative closure notice confirming completion of a recovery certificate against a single individual in the Illiquid Stock Options matter. It signals enforcement closure with no new regulatory changes or broad market impact.