SEBI finds 4 fake trades creating 5,13,250 units artificial volume
This order addresses SEBI's findings that Parmeswar Commercial Private Limited executed non-genuine reversal trades in illiquid stock options on the BSE, creating artificial trading volume. SEBI determined these actions violated regulations prohibiting fraudulent and unfair trade practices.
Parmeswar Commercial Private Limited (PAN: AADCP8039L)
- SEBI found the Noticee executed 4 non-genuine trades in 2 stock option contracts.
- These trades resulted in the creation of artificial volume of 5,13,250 units.
- SEBI found violations of Regulations 3(a), (b), (c), (d), 4(1), and 4(2)(a) of the SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 2003.
- The Noticee did not respond to the Show Cause Notice or attend the hearing, leading SEBI to proceed ex-parte and presume the allegations were admitted.
- The order cites the creation of a false or misleading appearance of trading as the core manipulative act.
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Document details
| Official title | Adjudication Order in respect of Parmeswar Commercial Private Limited in the matter of Illiquid Stock Options at BSE |
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | Order/AK/DS/2026-27/32359 |
| Status | closed (order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |