Elixir Capital Subsidiary Involved in Settlement Scheme with SEBI
Mumbai, India – March 20, 2026 – Elixir Capital Ltd. announced that its subsidiary, Elixir Equities Private Limited, is involved in a Settlement Order passed by the Securities and Exchange Board of India (SEBI). The order, dated March 17, 2026, falls under the 'Settlement Scheme for Association with Certain Algo Platforms, 2025', which applies to 111 stock brokers.Elixir Equities Private Limited is required to pay a settlement amount of ₹1,00,000 under the scheme. The matter relates to alleged association with certain algo platforms and potential violations of SEBI circulars and the SEBI (Stock Brokers) Regulations, 1992.
According to Elixir Capital Ltd., the Settlement Order does not pertain to Elixir Capital Limited itself, the listed entity, and has no material impact on the company's financial position, operations, or other business activities, beyond the settlement amount.
The company stated its commitment to upholding compliance standards and addressing the issue.
| Particulars | Details |
|---|---|
| Name of the Authority | Securities Exchange Board of India |
| Nature and details of the action(s) taken, initiated or order(s) passed. | Settlement Order passed under the 'Settlement Scheme for Association with Certain Algo Platforms, 2025', applicable to 111 stock brokers, including ELIXIR EQUITIES PRIVATE LIMITED, subsidiary of ELIXIR CAPITAL LIMITED, wherein each of the said brokers is required to pay a settlement amount of ₹1,00,000/ - |
| Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority. | The Settlement Order is dated March 17, 2026. However, no formal communication has been received by the Company from the Authority. The Order has been taken on record based on its publication on SEBI's official website . |
| Details of the violation(s)/contravention(s) committed or alleged to be committee | The matter pertains to the Company's subsidiary company alleged association with certain algo platforms, as covered under the aforesaid settlement scheme notified by Securities and Exchange Board of India, wherein certain practices were viewed as being in violation of applicable SEBI circulars and the provisions of the SEBI (Stock Brokers) Regulations, 1992 |
| Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible. | There is no material impact on the financials, operations, or other activities of the Company/subsidiary company, except to the extent of the application/settlement amount. |
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