Description

SEBI issues a corrigendum to its April 30, 2026 order on front running by Prijesh Kurani and Others, correcting a typographical error in paragraph 61(vi) regarding payment submission instructions.

Summary

SEBI issued a corrigendum dated May 4, 2026 to its earlier order dated April 30, 2026 (reference: QJA/SS/IVD-1|RO_LO_CELL/ID5|RO_LO_CELL/32399/2026-27) in the matter of front running by Prijesh Kurani and Others. The corrigendum corrects a typographical error in paragraph 61(vi) of the original order, clarifying the payment submission instructions for Noticees 1 and 7.

Key Points

  • The original order dated April 30, 2026 contained a typographical error in para 61(vi).
  • The corrigendum clarifies that Noticees 1 and 7 must forward details of online payments to the Division Chief, IVD, SEBI Bhavan – II, Plot No. C-7, “G” Block, Bandra Kurla Complex, Bandra (E), Mumbai – 400051.
  • Payment details must also be emailed to tad@sebi.gov.in.
  • The payment submission format requires: Case Name, Name of Payee, Date of Payment, Amount Paid, Transaction No., and whether the payment is for Penalty or Disgorgement.
  • The original April 30, 2026 order must always be read together with this corrigendum.

Regulatory Changes

No substantive regulatory changes. This corrigendum only corrects a typographical error in the payment submission instructions within the original enforcement order against Prijesh Kurani and Others for front running.

Compliance Requirements

  • Noticees 1 and 7 are required to submit proof of online payment (penalty or disgorgement) to:
    • Physical address: The Division Chief, IVD, Securities and Exchange Board of India, SEBI Bhavan – II, Plot No. C-7, “G” Block, Bandra Kurla Complex, Bandra (E), Mumbai – 400051
    • Email: tad@sebi.gov.in
  • Payment details must be submitted in the prescribed tabular format including case name, payee name, date of payment, amount paid, transaction number, and payment purpose (penalty or disgorgement).

Important Dates

  • April 30, 2026: Original order issued (reference QJA/SS/IVD-1|RO_LO_CELL/ID5|RO_LO_CELL/32399/2026-27).
  • May 4, 2026: Corrigendum issued from Mumbai by Quasi-judicial Authority Santosh Shukla.

Impact Assessment

The impact of this corrigendum is limited in scope — it is an administrative correction to payment instructions and does not alter the substantive findings, penalties, or disgorgement amounts imposed in the original front-running enforcement order. The underlying enforcement action against Prijesh Kurani and Others for front running remains in force as originally issued on April 30, 2026. No broader market or compliance impact is expected beyond the named noticees.

Impact Justification

This is a corrigendum fixing a typographical error in a prior enforcement order; it does not alter the substantive findings or penalties, so market and operational impact is low, but the underlying front-running enforcement matter is of medium importance.