SEBI investigates 16-month stock tip scheme in Retro Green Revolution Limited
This order addresses SEBI's investigation into alleged price manipulation and volume creation in the shares of Retro Green Revolution Limited (RGRL) between September 2020 and December 2021, specifically examining whether stock tips were circulated via Telegram channels to influence trading.
Retro Green Revolution Limited; Mr. Sanjay Arunkumar Choksi; Mr. Viral Kapadia; Mr. Samir Sampat; Mr. Vishnu Sharma; Mr. Amesh Jaiswal; Mr. Vijay Pujara; Mr. Sanjay Arunkumar Choksi HUF; Mr. Sagar Choksi; Mr. Jenita Jain; Mr. Trupti Choksi; Mr. Umeshkumar Shah; Mr. Vraj Shah; Mr. Sneh Chokshi; Maama Mia Retailing Private Limited; Western Agrotech Innovative Limited; Mr. Rajesh Pandey; Mr. Amit Sharma; Mr. Ganesh Bodakhe; Mr. Mohd. Azim Mapkar; Mr. Sushil Shinde; Mr. Jalaj Agarwal
- SEBI investigated trading activities in RGRL shares for the period September 1, 2020, to December 31, 2021.
- SEBI alleged that stock recommendations/tips were circulated through a Telegram channel.
- SEBI found instances of price manipulation, New High Price (NHP) creation, volume creation, and off-loading of shares.
- SEBI identified aiding and abetting by Noticees No. 16, 17, and 18.
- SEBI directed disgorgement of unlawful gains from Noticees No. 1 to 15.
- SEBI imposed enforcement directions and penalties under Sections 11(1), 11(4), 11(4A), 11B(1), 11B(2), and 15HA of the SEBI Act.
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Document details
| Official title | Order in the matter of Retro Green Revolution Limited. |
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | — |
| Status | closed (order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |