SEBI finds 2,91,744 non-genuine trades in BSE stock options
This order addresses SEBI's investigation into Vanchhit Distributors Private Limited (formerly Exon Distributors Private Limited) for alleged manipulation of illiquid stock options on the BSE. The proceedings were disposed of without determining liability because the company has been struck off and no longer exists.
Vanchhit Distributors Private Limited (formerly Exon Distributors Private Limited)
- SEBI observed that 2,91,744 non-genuine trades created artificial volume in BSE stock options between April 1, 2014, and September 30, 2015.
- The company was alleged to have violated Regulations 3(a)-(d) and 4(1), 4(2)(a) of the SEBI (Prohibition of Fraudulent and Unfair Trade Practices) Regulations, 2003.
- The Adjudicating Officer noted the company's status as 'Strike Off' on the Ministry of Corporate Affairs website.
- The adjudication proceedings were disposed of without going into the merits of the case because the company no longer exists.
- SEBI noted that if the company is revived or restored, proceedings may be initiated afresh.
Written from the document by AI, and checked against it. The original below is authoritative.
The original document
Document details
| Official title | Adjudication Order in respect of Vanchhit Distributors Private Limited in the matter of trading in Illiquid Stock Options at BSE |
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | Order/AK/DS/2026-27/32397 |
| Status | closed (order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |