SEBI finds ₹215 crore in director's account linked to Trdez Investment

This order details SEBI's adjudication of Trdez Investment Private Limited, a registered stock broker, regarding allegations that its directors used the company's registration to facilitate unregistered money mobilization schemes and failed to act on complaints of impersonation.

Who it concerns: Trdez Investment Private Limited (PAN: AAJCT5451G); Directors: Mr. Agast Mishra, Mr. Sachin Khadtare, Mr. Gaurav Sukhdeve, Mr. Rahul Kalokhe, Mr. Prasad Kulkarni, Mr. Chetan Dhar, Ms. Yayati Mishra; Related Entities: Infinite Beacon Financial Services (IBFS), Infinite Beacon India Private Limited (IBIPL), Sispay TFS, IB Prop Desk.

What SEBI found or ordered

• SEBI alleged that Trdez Investment Private Limited allowed its registration to be used by entities created by its directors to mobilize money from the public.
• SEBI alleged violations of the Stock Brokers Regulations, 1992, and Intermediaries Regulations, 2008, specifically regarding integrity, honesty, and ethical behavior.
• NSE findings indicated that Trdez Investment and IBIPL shared three common directors and that Trdez had no client trades, only proprietary trading of Rs. 43,430.77.
• Bank statement analysis revealed Rs. 215.40 Crore in credits to director Mr. Agast Mishra's account from entities allegedly involved in unregistered schemes (IBFS, Sispay TFS, etc.) between January and November 2024.
• An inspection on July 23, 2025, found no directors present at the office and that the company was not actively carrying trading operations.
• The order is an Adjudication Order under Section 15-I of the SEBI Act, initiated after a Show Cause Notice dated January 07, 2026.

Also in the document

• The financial scale involved is significant, with over Rs. 215 Crore in credits identified in one director's account from alleged scheme entities.
• The investigation involved cross-examination of findings by NSE and BSE, as well as a joint inspection by SEBI, NSE, and BSE.
• Complaints described the activities as akin to Ponzi schemes offering 8-10% monthly returns, though SEBI's order focuses on the regulatory violations and misuse of the broker license.