Description

SEBI has issued a Notice of Attachment of Demat Accounts (Order No. 15341 of 2026) dated May 06, 2026 against Sitaram Jayant (PAN: AXUPJ6002E), a defaulter in the matter of ISO at BSE, under Recovery Certificate No. 9089 of 2026.

Summary

SEBI has issued a Notice of Attachment of Demat Accounts bearing Order No. 15341 of 2026, dated May 06, 2026, against Sitaram Jayant (PAN: AXUPJ6002E) in the matter of ISO at BSE. The attachment is executed under Recovery Certificate No. 9089 of 2026, as part of SEBI’s enforcement proceedings to recover dues from the named defaulter.

Key Points

  • Attachment order number: 15341 of 2026
  • Issued on: May 06, 2026
  • Defaulter: Sitaram Jayant (PAN: AXUPJ6002E)
  • Recovery Certificate No.: 9089 of 2026
  • Matter: ISO at BSE (Bombay Stock Exchange)
  • Action: Attachment of demat accounts held by the defaulter

Regulatory Changes

No new regulatory changes introduced. This order is an enforcement action under SEBI’s existing recovery powers pursuant to the SEBI Act and the SEBI (Recovery of Amounts) Rules.

Compliance Requirements

  • Depositories and depository participants holding demat accounts of Sitaram Jayant (PAN: AXUPJ6002E) are directed to freeze/attach the said accounts as specified in the order.
  • No transactions are to be permitted in the attached demat accounts without prior approval from SEBI.
  • Concerned entities must comply with the attachment order immediately upon receipt.

Important Dates

  • Order Date: May 06, 2026
  • Recovery Certificate No.: 9089 of 2026
  • Attachment Order No.: 15341 of 2026

Impact Assessment

This order has a narrow, targeted impact limited to the individual defaulter, Sitaram Jayant. The attachment of demat accounts restricts the defaulter from transacting in securities held in those accounts until the recovery of dues under RC No. 9089 of 2026 is completed. There is no broader market or systemic impact. Other market participants are unaffected.

Impact Justification

This is a routine SEBI enforcement/recovery action targeting a single individual defaulter's demat accounts. It has no broad market or systemic impact, affecting only the named defaulter.