Adjudication Order in respect of Ajitnath Steels Pvt Ltd in the matter of Illiquid Stock Options
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What is this order about?
SEBI issued an order against Ajitnath Steels Pvt Ltd for allegedly executing non-genuine trades in illiquid stock options, creating artificial volume on the BSE during April 2014 to September 2015.
Who it concerns
Ajitnath Steels Pvt Ltd (PAN: AACCA7201N)
What was found or directed
- Executed 4 non-genuine trades in 1 stock options contract
- Artificial volume of 9,60,000 units created
- Violated PFUTP Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a)
- Deemed admitted violations due to lack of response to show cause notice
Points worth noting
- 28.9% of total market volume in the contract was artificially generated by the company
- 16% of the company's trades in the contract were non-genuine
- 14,720 entities were involved in similar non-genuine trades during the investigation period
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | Order/AK/GN/2026-27/32411 |
| Status | closed (section: order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |
Highlights & Points worth asking
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Documents
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Order
2026-05-21
ORDER_1779361001.pdf
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