Description
SEBI remittance advice issued against Mahakal Real Estate Developers Private Limited (PAN: AADCM9998D) in the matter of trading in illiquid stock options on BSE, under Recovery Certificate No. 8435 of 2024.
Summary
SEBI has issued a Remittance Advice against Mahakal Real Estate Developers Private Limited (PAN: AADCM9998D), a defaulter entity, in connection with the matter of trading in illiquid stock options on BSE. The remittance is made under Recovery Certificate No. 8435 of 2024.
Key Points
- Defaulter: Mahakal Real Estate Developers Private Limited
- PAN: AADCM9998D
- Matter: Trading in Illiquid Stock Options on BSE
- Recovery Certificate No.: 8435 of 2024
- Document type: Remittance Advice (confirmation of payment/recovery against the certificate)
Regulatory Changes
No new regulatory changes. This is an enforcement/recovery action document under existing SEBI recovery proceedings.
Compliance Requirements
This document is specific to Mahakal Real Estate Developers Private Limited. No broader compliance obligations are imposed on other market participants by this notice.
Important Dates
- Document date: May 12, 2026
- Recovery Certificate issued: 2024 (RC No. 8435 of 2024)
Impact Assessment
This remittance advice has minimal market impact. It pertains to recovery of dues from a single defaulter entity involved in illiquid stock options trading on BSE. The action is part of SEBI’s ongoing enforcement against manipulation or irregular trading in illiquid derivatives segments and does not affect broader market operations or other participants.
Impact Justification
Routine remittance advice confirming payment against a recovery certificate issued to a single defaulter entity for illiquid stock options trading violations; no market-wide regulatory changes or broad investor impact.