SEBI finds 2,91,744 non-genuine BSE stock options trades by Vanchhit Distributors
This order addresses SEBI's investigation into Vanchhit Distributors Private Limited (formerly Exon Distributors Private Limited) for alleged manipulation of illiquid stock options on the BSE. The proceedings were disposed of without a penalty because the company was found to be struck off and no longer exist.
Vanchhit Distributors Private Limited (formerly Exon Distributors Private Limited)
- SEBI observed that 2,91,744 trades (81.40% of BSE stock options trades) between April 1, 2014, and September 30, 2015, were non-genuine and created artificial volume.
- The company was alleged to have violated Regulations 3(a)-(d) and 4(1), 4(2)(a) of the SEBI (Prohibition of Fraudulent and Unfair Trade Practices) Regulations, 2003.
- The Adjudicating Officer noted that the company's status on the Ministry of Corporate Affairs website is 'Strike Off'.
- The adjudication proceedings were disposed of without going into the merits of the case because the company no longer exists.
- SEBI noted that if the company is revived or restored, proceedings may be initiated afresh.
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Document details
| Official title | Adjudication Order in respect of Vanchhit Distributors Private Limited in the matter of trading in Illiquid Stock Options at BSE |
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | Order/AK/DS/2026-27/32397 |
| Status | None (order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |