SEBI finds 20 fake trades by Diganta Agencies in 3 stock options, creating 7.66 lakh artificial units

This order addresses SEBI's investigation into Diganta Agencies Pvt Ltd for allegedly executing non-genuine reversal trades in illiquid stock options on the BSE, which created artificial trading volume. SEBI found the company violated regulations prohibiting fraudulent and unfair trade practices.

Diganta Agencies Pvt Ltd (PAN: AAECD1732F)

• SEBI found that Diganta Agencies Pvt Ltd executed 20 non-genuine trades in 3 stock option contracts, resulting in an artificial volume of 7,66,000 units.
• SEBI determined these trades violated 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 company was offered two settlement schemes (SEBI Settlement Scheme 2022 and ISO Settlement Scheme 2024) but did not avail either.
• The company failed to respond to the Show Cause Notice or attend the hearing, leading SEBI to proceed ex-parte and presume the allegations were admitted.
• SEBI imposed a monetary penalty under Section 15HA of the SEBI Act (specific amount not detailed in the provided text excerpt).

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