SEBI finds 1,92,000 artificial units from 6 non-genuine trades in BSE stock options
This order addresses SEBI's adjudication proceedings against Bimla Devi Killa for alleged manipulation of the Bombay Stock Exchange (BSE) stock options market through non-genuine reversal trades that created artificial volume between April 2014 and September 2015.
Bimla Devi Killa (PAN: AESPK3270J)
- SEBI found that the Noticee executed 6 non-genuine trades in 1 stock options contract, resulting in an artificial volume of 1,92,000 units.
- The Noticee was charged with violating 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 avail of the SEBI Settlement Scheme 2022 or the ISO Settlement Scheme 2024 despite being intimated.
- The Noticee failed to submit a reply to the Show Cause Notice or attend the hearings held on June 22, 2023, and November 06, 2025.
- The Adjudicating Officer proceeded ex-parte, presuming the allegations were admitted due to the lack of response.
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Document details
| Official title | Adjudication Order in respect of Bimla Devi Killa in the matter of Illiquid Stock Options on BSE |
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | Order/AK/RK/2026-27/32343 |
| Status | closed (order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |