Adjudication Order in respect of Amritphal Mercantile Private Limited in the matter of Illiquid Stock Options
Plain-language summary (AI-generated) — a quick read so you don't have to open the full PDF. May contain errors; the original document below is authoritative.
What is this order about?
This order concerns Amritphal Mercantile Private Limited for allegedly executing non-genuine trades in illiquid stock options on BSE, creating artificial volume during April 2014 to September 2015.
Who it concerns
Amritphal Mercantile Private Limited (PAN: AAHCA4645F)
What was found or directed
- SEBI found 2,91,744 trades (81.40% of all trades) in stock options segment were allegedly non-genuine
- Amritphal Mercantile Private Limited executed 7 non-genuine trades in 1 Stock Options contract
- Artificial volume of 2,24,000 units created
- Violated PFUTP Regulations 2003 (Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a))
- Noticee did not file reply to SCN, presumed to have admitted charges
- SEBI Settlement Scheme 2022 and 2024 were offered but not availed
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | Order/AK/GN/2025-26/32330 |
| Status | closed (section: order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |
Highlights & Points worth asking
Auto-generated, neutral observations. Auto-generated from public documents. May contain errors. Not legal or financial advice. Always verify against the linked original document. KaunZimmedar is a platform, not an authority.
No automated observations for this document. Read the documents below directly.
Documents
The original government PDF is the authoritative source — shown below, or open it full-screen in a new tab.
Order
2026-04-08
ORDER_1775627302.pdf
Tap “Open the PDF” above to view this document.
Discussion (0)
Citizens discussing these documents. A discussion space — nothing here is verified fact or an official finding. Reading is free; sign in to take part.
Open discussion (0) →