SEBI Demands Massive Penalty from Trader in ANI Integrated Services Limited Trading Scandal
The Securities and Exchange Board of India (SEBI) has issued a stern Notice of Demand against Lataben Narotambhai Rangi regarding alleged trading activities involving the scrip of ANI Integrated Services Limited. The formal notice, dated 20/07/2026, mandates payment of a total outstanding amount amounting to ₹2,13,000/- along with future interest and associated charges incurred during recovery proceedings.SEBI Issues Demand Notice Against Trader
The demand concerns the trading activity in ANI Integrated Services Limited shares by Lataben Narotambhai Rangi (PAN: AYRPR7467F). This notice is issued under Section 28A of the Securities and Exchange Board of India Act, 1992 read with Section 222 of the Income Tax Act, 1961.SEBI has directed Mr. Rangi to remit the full amount within a strict timeframe of fifteen days from the date of receiving the notice. Payment must be made via direct credit through EFT/NEFT/RTGS to specific ICICI Bank account details provided in the document. Failure to comply with these payment instructions triggers severe recovery measures.
Detailed Breakdown of Penalties and Dues
The total outstanding amount of ₹2,13,000/- is composed of several distinct components related to the alleged market misconduct. The primary component is a penalty imposed by the Adjudicating Officer on Lataben Narotambhai Rangi.This penalty, totaling ₹2,00,000.00, was set following an order dated 12.02.2026 in the matter of trading activity concerning ANI Integrated Services Limited. Additionally, the demand includes statutory interest calculated from February, 2026 to July, 2026 at a rate of 1% per month, amounting to ₹12,000.00. The remaining recovery cost totals ₹1,000.00.
Strictest Compliance Measures for Non-Payment
The notice outlines comprehensive and severe consequences in the event of non-payment of the dues by the stipulated deadline. SEBI has reserved the right to recover the outstanding money using multiple legal avenues under Section 28A of the SEBI Act, 1992.These actions include the attachment and subsequent sale of both movable and immovable property belonging to the defaulter. Furthermore, the notice warns that arrest and detention in prison remain potential recourse options for recovery.
As per regulatory requirements detailed in the document, any direct or indirect transfer of properties or money held in bank accounts to a spouse or minor child or son's wife or son's minor child is deemed property for recovery purposes if done without adequate consideration after February 12, 2026.
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