To
All Trading Members of the Exchanges
Sub: Order in the matter of investigation of trading activities of members of Khaitan Family front running the trades of certain entities.
SEBI vide its order no. QJA/GR/ISD/ISD-SEC-2/31344/2024-25 dated March 28, 2025, has inter-alia issued following directions:
· Noticee No.1 to 5 are restrained from accessing the securities market and further prohibited from buying, selling or otherwise dealing in securities (including units of mutual funds), directly or indirectly, or being associated with the securities market in any manner, whatsoever, for a period of One (1) Year, from the date of this order.
· The obligation of the Noticees, restrained/ prohibited by this Order, in respect of settlement of securities, if any, purchased or sold in the cash segment of the recognized stock exchange(s), as existing on the date of this Order, are allowed to be discharged irrespective of the restraint/prohibition imposed by this Order. Further, all open positions, if any, of such Noticee(s) in the F&O segment of the recognised stock exchange(s) are permitted to be squared off, irrespective of the restraint/prohibition imposed by this Order.
This Order is effective from the date of the order.
A copy of the said Order is attached herewith and available on the SEBI website www.sebi.gov.in.
Trading members are advised to take note of the same and ensure compliance.
Poonam Pisat Vinayak Bhalavi
Investigation Investigation
Date: March 28, 2025 |