SEBI finds 14,720 entities in illiquid stock options fraud probe
This order addresses SEBI's investigation into The Ellenbarrie Tea Company Limited for allegedly executing non-genuine reversal trades in illiquid stock options on the BSE, which created artificial trading volume. SEBI examined whether these actions violated regulations prohibiting fraudulent and unfair trade practices.
The Ellenbarrie Tea Company Limited (PAN: AAACE5769M)
- SEBI alleged the Noticee executed 2 non-genuine reversal trades in 1 stock option contract.
- These trades resulted in an artificial volume of 96,000 units.
- The alleged violations are under Regulations 3(a), (b), (c), (d), 4(1), and 4(2)(a) of the SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 2003.
- The Noticee did not avail of the SEBI ISO Settlement Schemes of 2022 or 2024.
- The Noticee failed to respond to the Show Cause Notice served via public notice on March 20, 2026.
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Document details
| Official title | Adjudication Order in respect of The Ellenbarrie Tea Company Limited in the matter of Illiquid Stock Options at BSE. |
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | Order/AK/DS/2026-27/32434 |
| Status | None (order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |