Adjudication Order in respect of Asan Steels Private Limited in the matter of Illiquid Stock Options on BSE
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What is this order about?
SEBI issued an order against Asan Steels Private Limited for allegedly executing non-genuine trades in illiquid stock options on BSE, which created artificial trading volumes.
Who it concerns
Asan Steels Private Limited (PAN: AAHCA8637P)
What was found or directed
- Executed 24 non-genuine trades in 12 Stock Options contracts
- Artificial volume of 57,64,500 units created
- Violated PFUTP Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a)
- No response to Show Cause Notice or settlement schemes
- Deemed admission of charges due to lack of response
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | Order/AK/RK/2026-27/32344 |
| Status | closed (section: order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |
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Documents
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Order
2026-04-13
ORDER_1776085224.pdf
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