Think about the last adviser whose name you trusted without a second thought. Did you ever check if their licence was still active? On November 4, 2026, SEBI cancelled the licences of 8 investment advisers, with Karvy Investment Advisory Services Limited at the top of the list. The trigger was not a complaint or a trade. It was […]
Every IPO offer document carries a promise: the numbers, the claims and the people in it have been checked. SEBI’s inspectors asked Swastika Investmart Limited to show that checking across six SME IPOs and one takeover offer. Often, there was no paper to show. The Swastika Investmart SEBI order of November 4, 2026 records what
Picture a ₹21.36 crore guarantee for a related firm, signed without the Audit Committee’s prior nod. Now add a key subsidiary whose stake slipped from 100% to 78.87%, with no shareholder vote. That is what SEBI found in the Som Distilleries SEBI order of November 4, 2026. So who signed off, and why was even
Picture a trading terminal in Mumbai, an IT employee on a remote screen-sharing call, and orders landing on the exchange from Dubai. That is the picture SEBI’s adjudicating officer examined in its order of November 3, 2026. The Axis Mutual Fund front running case now has a ruling on the brokers whose terminals were used,
EKI Energy SEBI order highlights show ₹197 crore in premature revenue booking and ₹26.34 crore in fund diversion penalties. EKI Energy Services booked ₹1,800.12 crore in revenue in FY 2021-22, up from ₹190.79 crore the year before. Within a year, a new auditor questioned how some of that revenue was counted. The EKI Energy SEBI
Public shareholders held 93.40% of a listed company. After one merger, they held 26.03%. Did they get the full picture before they voted? The Praveg Limited SEBI order says key information was missing at the time, and it ends with a penalty of ₹1,00,000 under each of two laws. Praveg Communications Merger With SSPL: Timeline
A 2024 takeover offer sent people digging through Integra Switchgear’s old filings. What they found stretched back to 2015. On October 30, 2026, SEBI Adjudicating Officer Medha Sonparote penalised Integra Switchgear Limited and 16 members of its promoter group. This Integra Switchgear SEBI order covers wrong shareholder classifications and disclosures that reached BSE up to
Half the charges against CDSL fell away on a close reading of SEBI’s own circulars. The other half still cost it ₹1 crore. On October 30, 2026, a SEBI adjudicating officer fined Central Depository Services (India) Limited after an inspection of FY 2023-24. This CDSL SEBI penalty touches pledge rejections, frozen client accounts, cybersecurity, and
A BSE restraint order that ran until 2027. A prospectus in which a return on net worth worked out negative but was printed as positive. An insider trading database that the firm could not demonstrate to inspectors. On October 28, 2026, SEBI fined Swaraj Shares & Securities Private Limited ₹10 lakh. This Swaraj Shares SEBI
A surprise SEBI inspection, a missing hard disk, and a final order four years later. That is how the Research Guru story ended. On October 30, 2026, SEBI cancelled the registration certificate of Ms. Veena Sharma, who ran Research Guru as a proprietor. This Veena Sharma SEBI order also tells her to ensure the refund
Three allegations went in. Only one came out the other side. That is the story of the SEBI order against an NSE Emerge IPO issuer. On October 27, 2026, SEBI’s Adjudicating Officer fined Taurian MPS Limited, its two directors, and its merchant banker over what the IPO offer document left out. Here is the Taurian
Paid for a stock market course and wondered if you could ever get that money back? SEBI has now answered that for one of India’s biggest trading academies. The Avadhut Sathe SEBI order of October 23, 2026 directs a ₹546.17 crore refund to course participants. It also bars the founders from the market and adds
