Adjudication Order in respect of Rowland Dealtrade Private Limited in the matter of Illiquid Stock Options at BSE
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What is this order about?
This order addresses SEBI's findings that Rowland Dealtrade Private Limited engaged in non-genuine trades creating artificial volume in BSE's stock options segment during April 2014 to September 2015, violating SEBI regulations.
Who it concerns
Rowland Dealtrade Private Limited (PAN: AAECR9003P)
What was found or directed
- 2,91,744 trades (81.40% of all trades) were allegedly non-genuine
- 6 non-genuine trades in 1 Stock Options contract
- artificial volume of 240,000 units
- violated PFUTP Regulations 2003 (Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a))
- SEBI Settlement Scheme 2022 and 2024 were offered but not availed
- adjudication proceedings resumed after settlement schemes expired
Points worth noting
- Total trades involved: 2,91,744
- Artificial volume created: 240,000 units
- Settlement schemes offered in 2022 and 2024 with increasing amounts
- Noticee did not appear for hearing
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | Order/AK/GN/2026-27/32380 |
| Status | closed (section: order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |
Highlights & Points worth asking
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Documents
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Order
2026-04-23
ORDER_1776920878.pdf
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