SEBI issued Notice(s) of Attachment dated April 10, 2026 against M/s Sanchi Research, a proprietary concern of Mr. Ramgopal Set, pursuant to Recovery Certificate (RC) No. 7671 of 2024. The attachment is a coercive enforcement measure to recover outstanding dues owed to SEBI by the named entity.

Key Points

• Notice of Attachment issued on April 10, 2026
• Action taken under Recovery Certificate No. 7671 of 2024
• Respondent: M/s Sanchi Research (Proprietor – Mr. Ramgopal Set)
• Attachment is a statutory recovery mechanism under SEBI’s enforcement framework
• The notice targets assets/properties of the defaulter to satisfy outstanding recovery dues

Regulatory Changes

No new regulatory changes. This is an enforcement action under existing SEBI recovery powers. SEBI exercises the power to attach assets under the SEBI Act and the Second Schedule to the Income Tax Act (as applicable to recovery of dues).

Compliance Requirements

• M/s Sanchi Research and Mr. Ramgopal Set (Proprietor) must comply with the terms of the attachment notice
• Attached assets/properties cannot be alienated, transferred, or encumbered without SEBI’s permission
• The attached party may approach SEBI or the appropriate forum to contest the attachment or seek a stay

Important Dates

• April 10, 2026: Date of issuance of Notice(s) of Attachment
• RC No. 7671 of 2024: Underlying Recovery Certificate under which attachment is issued

Impact Assessment

This enforcement action is specific to M/s Sanchi Research and its proprietor Mr. Ramgopal Set. It has no broad market or investor impact. The attachment restricts the named party from dealing with attached assets until SEBI’s dues are recovered. Other market participants are not affected. This is a routine SEBI enforcement step in the recovery process following a prior order or settlement obligation.