Adjudication Order in respect of Arjun Jagdish Dungarshi in the matter of Illiquid Stock Options
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What is this order about?
SEBI issued an order against Arjun Jagdish Dungarshi for allegedly executing non-genuine trades in illiquid stock options on BSE, creating artificial volume during April 2014 to September 2015.
Who it concerns
Arjun Jagdish Dungarshi (PAN: AQOPD9781D)
What was found or directed
- Executed 26 non-genuine trades in 4 Stock Options contracts
- Artificial volume of 3,52,000 units created
- Notified of SEBI Settlement Scheme 2022 and 2024 but did not avail settlement
- Adjudication proceedings continued ex-parte due to no reply
- Violated PFUTP Regulations 2003 (Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a))
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | Order/AK/GN/2026-27/32360 |
| Status | closed (section: order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |
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Documents
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Order
2026-04-20
ORDER_1776657039.pdf
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