Adjudication Order in respect of Saachi Overseas in the matter of Illiquid Stock Options on BSE
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What is this order about?
SEBI issued an order against Saachi Overseas for allegedly engaging in non-genuine trades that created artificial volume in the stock options segment of BSE during April 2014 to September 2015, violating SEBI's PFUTP Regulations.
Who it concerns
Saachi Overseas (PAN: ABQFS9871C)
What was found or directed
- SEBI found Saachi Overseas executed 4 non-genuine trades in 1 Stock Options contract
- These trades created artificial volume of 4,36,000 units
- SEBI alleged violation of PFUTP Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a)
- SEBI offered a settlement scheme (2022 and 2024) but Saachi Overseas did not avail it
- SEBI did not impose penalty as Saachi Overseas did not respond to proceedings
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | Order/AK/RK/2026-27/32426 |
| Status | closed (section: order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |
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Documents
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Order
2026-05-29
ORDER_1780029095.pdf
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