Adjudication Order in respect of Plastika Industries in the matter of Illiquid Stock Options…
This order addresses SEBI's findings that Plastika Industries executed non-genuine reversal trades in illiquid stock options on the BSE, creating artificial volume. It imposes a monetary penalty for violating regulations prohibiting fraudulent and unfair trade practices.
Plastika Industries (PAN: AAAFP4737H)
- SEBI found that Plastika Industries executed 8 non-genuine trades in 2 stock option contracts.
- These trades resulted in the creation of artificial volume of 5,00,000 units.
- The violations occurred during the period from April 1, 2014, to September 30, 2015.
- SEBI found violations of Regulations 3(a), (b), (c), (d), 4(1), and 4(2)(a) of the PFUTP Regulations, 2003.
- The proceedings were conducted ex-parte as the Noticee did not respond to the Show Cause Notice or public notice.
- A monetary penalty is imposed under Section 15HA of the SEBI Act, 1992.
Written from the document by AI, and checked against it. The original below is authoritative.
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Document details
| Official title | Adjudication Order in respect of Plastika Industries in the matter of Illiquid Stock Options at BSE |
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | Order/AK/DS/2026-27/32361 |
| Status | closed (order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |