Description

SEBI has issued a Notice of Demand under Recovery Certificate No. RC9115 of 2026 against Rudramukhi Infrastructure Private Limited (PAN: AAGCR0172D) for recovery of dues arising from the Illiquid Stock Options matter.

Summary

SEBI has issued a Notice of Demand under Recovery Certificate No. RC9115 of 2026 against Rudramukhi Infrastructure Private Limited (PAN: AAGCR0172D). This notice arises from SEBI’s enforcement proceedings in the Illiquid Stock Options (ISO) matter, directing the named entity to pay outstanding dues as determined by prior SEBI orders.

Key Points

  • Recovery Certificate No. RC9115 of 2026 issued against Rudramukhi Infrastructure Private Limited
  • PAN of the defaulting entity: AAGCR0172D
  • Relates to SEBI’s enforcement action in the Illiquid Stock Options (ISO) manipulation matter
  • Notice of Demand requires the entity to discharge outstanding recovery dues
  • Published under SEBI’s Recovery Proceedings enforcement category

Regulatory Changes

No new regulatory changes. This is an enforcement/recovery action under existing SEBI regulations and prior penalty orders in the Illiquid Stock Options matter.

Compliance Requirements

  • Rudramukhi Infrastructure Private Limited is required to pay the demanded amount as specified in the Recovery Certificate
  • Failure to comply may result in further coercive recovery measures by SEBI, including attachment of assets
  • The entity may approach the Securities Appellate Tribunal (SAT) if challenging the demand

Important Dates

  • Notice issued: 2026-05-14
  • Recovery Certificate: RC9115 of 2026
  • Specific payment deadline: refer to the original notice document

Impact Assessment

This circular has no direct impact on broader markets or investors. It is a targeted recovery action against a single entity — Rudramukhi Infrastructure Private Limited — as part of SEBI’s ongoing effort to recover penalties from entities found to have participated in the manipulation of Illiquid Stock Options on Indian exchanges. The Illiquid Stock Options enforcement drive has resulted in hundreds of such recovery certificates; this is one in that continuing series.

Impact Justification

Routine SEBI enforcement action — recovery of dues from a single private entity in the ongoing Illiquid Stock Options matter. No broad market impact; relevant only to the named party.