SEBI issues ex-parte interim order against two firms for cross-segment price manipulation

SEBI examined trading patterns between October 2025 and June 2026 to determine if these entities engaged in manipulative acts to generate abnormal profits.

Who it concerns: Prrsaar Sampada Private Limited, Ved Prakash Gupta, Priti Gupta, Chaubara Eats Private Limited, Saroj Gupta, Gaurav Tomar

What SEBI found or ordered

• SEBI issued an ex-parte interim order under Sections 11(1), 11(4), 11B(1), and 11D of the SEBI Act, 1992.
• The order concerns alleged violations of the PFUTP Regulations, 2003, specifically regarding price manipulation in stock derivatives.
• SEBI identified a connection between the two companies through shared directors (Ved Prakash Gupta, Priti Gupta, Saroj Gupta) who are family members and share common addresses and contact details.
• The examination period covers October 1, 2025, to June 30, 2026, with specific focus on trading in KFINTECH (Dec 2025) and SWIGGY (June 2026) derivatives.
• SEBI noted that trading activity shifted from Prrsaar to Chaubara after NSE sought clarification in early 2026.
• The order includes a section on the computation of wrongful gains and prima facie findings of liability for the directors.

Also in the document

• The order is 'ex-parte,' meaning it was passed without hearing the noticees, and is 'interim,' indicating it is a temporary measure pending final proceedings.
• SEBI found that the directors of both companies share a common residential address in Delhi and common mobile numbers and email IDs.
• The alleged manipulation involved trading in both futures and options segments to exploit price interplay, a practice SEBI describes as cross-segment price manipulation.