Description

SEBI has issued a Notice of Demand under Recovery Certificate No. 9106 of 2026 dated May 08, 2026, against Amit Agarwal (PAN: AEEPA5456L), designated as a defaulter, in connection with dealings in illiquid stock options on BSE.

Summary

SEBI has issued a Notice of Demand under Recovery Certificate No. 9106 of 2026 dated May 08, 2026, against Amit Agarwal (PAN: AEEPA5456L), who has been designated as a defaulter in the matter of dealings in illiquid stock options on BSE. This is a formal demand issued as part of SEBI’s recovery proceedings to enforce outstanding dues from the named individual.

Key Points

  • Recovery Certificate No. 9106 of 2026 issued against Amit Agarwal (PAN: AEEPA5456L)
  • Individual classified as a defaulter in relation to illiquid stock options dealings on BSE
  • Formal Notice of Demand dated May 08, 2026
  • Part of SEBI’s ongoing enforcement and recovery proceedings against market manipulators in the illiquid stock options segment

Regulatory Changes

No new regulatory changes introduced. This is an enforcement action under existing SEBI recovery framework.

Compliance Requirements

  • The named defaulter (Amit Agarwal, PAN: AEEPA5456L) is required to comply with the demand stipulated under Recovery Certificate No. 9106 of 2026
  • Failure to comply may result in further recovery proceedings including attachment of assets

Important Dates

  • Recovery Certificate Date: May 08, 2026
  • Notice of Demand Date: May 08, 2026

Impact Assessment

This notice has negligible market-wide impact as it is directed solely at a named individual defaulter. It reflects SEBI’s continued enforcement efforts against participants found guilty of manipulative dealings in the illiquid stock options segment on BSE. No impact on general market participants or listed companies.

Impact Justification

Enforcement action targeting a specific individual defaulter (Amit Agarwal) for illiquid stock options dealings; high severity as it is a formal demand notice under a recovery certificate, but market-wide impact is low as it applies only to the named person.