Final Order in the matter of stock recommendation tips in the scrip of Unison Metals Ltd.
What is this order about?
SEBI issued a final order against 17 individuals and entities for allegedly manipulating the stock price of Unison Metals Ltd. through coordinated Telegram channel recommendations and trades.
Who it concerns
Yayaati Hasmukhray Nada, Nirali Yayaati Nada, Jasavantbhai Patel, Jignesh Pravinbhai Pethani, Mukti Lodha, Nahush Ashvinbhai Shukla, Prajesh A Shukla, Malay Shaileshbhai Patel, Reetaben Ashvinkumar Shukla, Hardik J Patel, Shailesh S Patel, Jalaj Agrawal, Arvind Shukla, Tirth Uttamchand Mehta, Uttamchand Chandanmal Mehta, Manishaben Bipinchandra Panchal, Sharad Ramkrishana Gattani
What was found or directed
- SEBI found 10 entities (Noticees 1-10) made profit from trades based on advance stock recommendations
- SEBI found 3 entities (Noticees 11-13) operated Telegram channels for stock recommendations
- SEBI found 4 entities (Noticees 14-17) were directors/promoters of Unison Metals Ltd. and aided the scheme
- SEBI directed disgorge of ₹4,29,80,725.70 profit with interest
- SEBI barred entities from securities market for an appropriate period
- SEBI imposed penalties under SEBI Act, 1992
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | WTM/AS/ISD/ISD-SEC-6/32028/2025-26 |
| Status | closed (section: order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |
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Documents
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