Adjudication Order in respect of Adhunik Ventures Private Limited in the matter of Illiquid…

This order addresses SEBI's investigation into Adhunik Ventures Private Limited for allegedly executing non-genuine reversal trades in illiquid stock options on the BSE, which created artificial trading volume. SEBI examined whether these actions violated regulations prohibiting fraudulent and unfair trade practices.

Adhunik Ventures Private Limited (PAN: AAHCA7165L)

• SEBI alleged the Noticee executed 4 non-genuine trades in 1 stock options contract, resulting in an artificial volume of 206,500 units.
• SEBI alleged violations of Regulations 3(a), (b), (c), (d), 4(1), and 4(2)(a) of the SEBI (Prohibition of Fraudulent and Unfair Trade Practices) Regulations, 2003.
• The Noticee denied allegations, claiming trades were bona fide and lacked the intent to mislead.
• The Noticee did not avail of the SEBI Settlement Scheme 2022 or the ISO Settlement Scheme 2024.
• The Adjudicating Officer considered the issues of violation and the quantum of monetary penalty under Section 15HA of the SEBI Act, 1992.

Written from the document by AI, and checked against it. The original below is authoritative.

The original document