Adjudication Order in respect of Late Padma Singhwani in the matter of dealings in Illiquid Stock Options at BSE
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What is this order about?
SEBI issued an order regarding Padma Singhwani's alleged manipulation of stock options trading at BSE, finding her involved in non-genuine reversal trades that created artificial volume.
Who it concerns
Padma Singhwani (PAN: BEPPS2291B)
What was found or directed
- SEBI found Padma Singhwani executed 2 non-genuine trades in 1 Stock Options contract
- These trades created artificial volume of 80,000 units
- SEBI initiated adjudication proceedings for alleged violation of PFUTP Regulations
- The adjudication proceedings were abated due to Padma Singhwani's death on January 1, 2024
- SEBI's Settlement Scheme 2022 and Settlement Scheme 2024 were offered to settle proceedings
Points worth noting
- The case was abated due to the death of the individual
- The artificial volume created was 80,000 units from 2 trades
- SEBI offered settlement schemes in 2022 and 2024
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | Order/MS/BK/2026-27/32477 |
| Status | closed (section: order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |
Highlights & Points worth asking
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Documents
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Order
2026-07-08
ORDER_1783502682.pdf
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