Adjudication Order in respect of Vanchhit Distributors Private Limited in the matter of trading in Illiquid Stock Options at BSE
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What is this order about?
SEBI examined trading activities involving Vanchhit Distributors Private Limited (formerly Exon Distributors Private Limited) related to illiquid stock options on BSE, focusing on alleged artificial volume creation through non-genuine trades.
Who it concerns
Vanchhit Distributors Private Limited (formerly Exon Distributors Private Limited)
What was found or directed
- SEBI found 2,91,744 non-genuine trades (81.40% of all trades) in BSE's stock options segment during April 1, 2014 to September 30, 2015
- Vanchhit Distributors Private Limited was one of the entities involved in non-genuine reversal trades
- SEBI alleged violation of PFUTP Regulations 2003 (Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a))
- Company status: 'Strike Off' as per MCA
- Adjudication proceedings disposed without going into merits due to company being struck off
Points worth noting
- Company was struck off before adjudication
- SEBI did not impose penalty due to company's dissolved status
- No penalty imposed as company no longer exists
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | Order/AK/DS/2026-27/32397 |
| Status | closed (section: order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |
Highlights & Points worth asking
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Documents
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Order
2026-04-29
ORDER_1777451969.pdf
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