Adjudication Order in respect of Alka Dhanuka in the matter of Illiquid Stock Options at BSE
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What is this order about?
This order concerns Alka Dhanuka for allegedly executing non-genuine trades in illiquid stock options at BSE, which created artificial volume and violated SEBI regulations.
Who it concerns
Alka Dhanuka (PAN: AAGPD0729F)
What was found or directed
- Alka Dhanuka executed 9 non-genuine trades in 4 Stock Options contracts
- resulting in artificial volume of 20,23,750 units
- violated Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of PFUTP Regulations
- did not avail of SEBI Settlement Scheme, 2022 or ISO Settlement Scheme, 2024
- admitted allegations in hearing on May 12, 2026
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | Order/AK/GN/2026-27/32408 |
| Status | closed (section: order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |
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Documents
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Order
2026-05-15
ORDER_1778835999.pdf
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