BSE levies monetary penalty on the Company over alleged abnormal/non-genuine reversal trades

BSE Limited has levied a monetary penalty of ₹51,26,469.88/- on the Company over certain client transactions construed as Abnormal / Non-genuine reversal trades.

Thu 8 Oct 2026

Penalty Amount

₹51,26,469.88/-

Penalty Levied By

BSE Limited

Order Date

October 7, 2026

What the update says

The Company has disclosed that BSE Limited levied a monetary penalty on it in connection with certain client transactions that BSE construed as Abnormal / Non-genuine reversal trades. The transactions were alleged to be in violation of the Exchange Notices dated December 13, 2018, February 7, 2019 and December 31, 2024, and the Rules, Bye-laws and Regulations of the Exchange.

• Authority: BSE Limited
• Penalty amount: ₹51,26,469.88/-
• Order date: October 7, 2026
• Date received by the Company: October 7, 2026
• The Company says the penalty shall be recovered from the concerned clients

No material impact claimed

The update states that, apart from the aforesaid monetary penalty, there is no material impact on the financial, operational or other activities of the Company.

What to keep in view

• The penalty relates to client transactions, and the Company has said the amount shall be recovered from the concerned clients, which is how the Company has framed the money outflow.
• The disclosure describes the trades as "alleged" violations, using BSE's construction of those transactions.
• The order was received on October 7, 2026 and intimated to the exchanges on October 8, 2026.

The figures above are as printed in the update, so investors can weigh the size of the amount and the Company's stated position on recovery.

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