SEBI has initiated Attachment Proceedings (A.P. No. 15364 of 2026) under Recovery Certificate No. RC8242 of 2024 issued against Podium Market Research, a proprietary concern of Suman Kumar (PAN: AMCPK0541Q). This document forms part of SEBI’s enforcement machinery to recover outstanding dues from the defaulter through attachment of assets.

Key Points

• Recovery Certificate No. RC8242 of 2024 was issued against Podium Market Research (Prop. Suman Kumar), PAN: AMCPK0541Q
• Attachment Proceedings No. 15364 of 2026 have been initiated under the said recovery certificate
• The proceedings are directed against Suman Kumar, the sole proprietor of Podium Market Research
• SEBI is exercising its powers under the SEBI Act for recovery of dues
• The document is published under SEBI’s enforcement/recovery proceedings section

Regulatory Changes

No new regulatory changes. This is an enforcement action under existing SEBI recovery and attachment proceedings framework, pursuant to powers granted under the Securities and Exchange Board of India Act, 1992.

Compliance Requirements

• Podium Market Research (Prop. Suman Kumar) is required to comply with the attachment proceedings
• Any third parties holding assets of the named defaulter may be required to respond to the attachment notice
• Failure to comply with the recovery proceedings can result in further coercive action by SEBI

Important Dates

• Recovery Certificate No. RC8242 issued: 2024
• Attachment Proceedings No. 15364 initiated: 2026
• Document published: May 2026

Impact Assessment

This enforcement action is limited in scope and affects only Podium Market Research and its proprietor Suman Kumar. There is no broader market or investor impact. The action signals SEBI’s continued pursuit of outstanding recovery dues from non-compliant entities in the securities market. Investors and market participants are not directly affected by this proceeding.

SEBI has initiated recovery proceedings under Recovery Certificate No. RC8242 of 2024 against Podium Market Research (Proprietor: Suman Kumar, PAN: AMCPK0541Q). The matter is registered as Application/Petition No. 15365 of 2026 before the competent authority for enforcement of outstanding dues payable to SEBI.

Key Points

• Recovery Certificate No. RC8242 of 2024 issued against Podium Market Research
• Proprietor: Suman Kumar (PAN: AMCPK0541Q)
• Application/Petition No. 15365 of 2026 filed for enforcement of recovery
• Proceedings relate to non-payment of penalty/dues imposed by SEBI
• Action is part of SEBI’s ongoing enforcement against non-compliant entities

Regulatory Changes

No new regulatory changes. This document pertains to enforcement of an existing SEBI order through recovery proceedings.

Compliance Requirements

• Podium Market Research and its proprietor Suman Kumar are required to satisfy the outstanding dues under Recovery Certificate No. RC8242 of 2024
• Failure to comply may result in further enforcement action including attachment of assets

Important Dates

• Recovery Certificate issued: 2024 (RC8242 of 2024)
• Application/Petition filed: 2026 (A.P. No. 15365 of 2026)
• Document date: May 2026

Impact Assessment

This action is limited in scope to a single proprietorship entity (Podium Market Research). There is no broad market impact. The action signals SEBI’s continued enforcement against investment advisors and market intermediaries that fail to pay imposed penalties. Investors dealing with Podium Market Research should be aware of the ongoing regulatory action against the entity.

SEBI has issued a Notice of Demand under Recovery Certificate No. RC8242 of 2024 as part of Application/Petition No. 15365 of 2026 against Podium Market Research (Proprietor: Suman Kumar, PAN: AMCPK0541Q). This document is published under SEBI’s enforcement/recovery-proceedings section and represents a formal demand for payment of outstanding dues owed to SEBI by the named entity.

Key Points

• Recovery Certificate No. RC8242 of 2024 issued against Podium Market Research
• Proprietor: Suman Kumar (PAN: AMCPK0541Q)
• Application/Petition No. 15365 of 2026 filed under the recovery certificate
• Notice of Demand issued as part of SEBI’s recovery enforcement proceedings
• This is a recovery-proceedings stage document (distinct from the original order)
• Action is part of SEBI’s ongoing enforcement against non-compliant market entities

Regulatory Changes

No new regulatory changes. This document is an enforcement instrument issued under SEBI’s existing recovery framework pursuant to the Securities and Exchange Board of India Act, 1992.

Compliance Requirements

• Podium Market Research and its proprietor Suman Kumar (PAN: AMCPK0541Q) are required to satisfy the outstanding dues as demanded under Recovery Certificate No. RC8242 of 2024
• The named party must respond to and comply with the Notice of Demand within the prescribed timeframe
• Failure to comply may result in further coercive enforcement action including attachment and sale of assets

Important Dates

• Recovery Certificate No. RC8242 issued: 2024
• Application/Petition No. 15365 filed: 2026
• Notice of Demand issued: May 2026
• Document published: May 13, 2026

Impact Assessment

This enforcement action is narrowly scoped and affects only Podium Market Research and its proprietor Suman Kumar. There is no broader market, investor, or systemic impact. The action is consistent with SEBI’s continued pursuit of outstanding penalties and dues from non-compliant entities in the securities market. Market participants and investors are not directly affected by this proceeding.

SEBI has issued Recovery Certificate No. RC8242 of 2024 against Podium Market Research (Proprietor: Suman Kumar, PAN: AMCPK0541Q) and has filed Application Proceedings No. 15364 of 2026 for recovery of outstanding dues. This is an enforcement action under Section 28A of the SEBI Act, 1992, which empowers SEBI to recover monetary penalties and dues as arrears of land revenue.

Key Points

• Recovery Certificate No. RC8242 of 2024 issued against Podium Market Research
• Application Proceedings No. 15364 of 2026 filed for execution of the recovery certificate
• Entity: Podium Market Research (Proprietorship firm of Suman Kumar)
• PAN of the proprietor: AMCPK0541Q
• Recovery action initiated under Section 28A of the SEBI Act, 1992

Regulatory Changes

No new regulatory changes. This is an enforcement/recovery proceeding under existing SEBI powers.

Compliance Requirements

The concerned entity (Podium Market Research / Suman Kumar) is required to comply with the recovery proceedings and settle outstanding dues with SEBI. Failure to comply may result in further coercive recovery measures including attachment of assets.

Important Dates

• Recovery Certificate issued: 2024 (RC8242 of 2024)
• Application Proceedings filed: 2026 (A.P. No. 15364 of 2026)
• Published on SEBI website: 2026-05-13

Impact Assessment

This is a targeted enforcement action against a single proprietorship entity. There is no broader market impact. Investors and market participants are not directly affected. The action signals SEBI’s continued pursuit of recovery of dues from non-compliant entities.