SEBI DEMANDS Over ₹10 Lakhs from Individual Linked to DU Digital Stock Trading Irregularities
The Securities and Exchange Board of India (SEBI) has issued a formal Notice of Demand concerning trading irregularities involving certain entities in the scrip of DU Digital Technologies Limited, now known as DU Digital Global Limited. The regulatory action targets Girish Kantilal Parmar (AUDPP6127A), holding specific properties related to these trading activities.The notice, dated 02/07/2026 and issued under Certificate No. 9190 of 2026, details the financial dues owed by Parmar to SEBI. The proceedings stem from actions taken regarding trading in the specified stock. This action underscores SEBI's ongoing vigilance over market practices involving this company's securities.
Breakdown of Financial Dues Against Parmar
SEBI has quantified the total liability against Girish Kantilal Parmar at a sum of ₹10,58,558.98 /- (Rupees Ten Lakh Fifty-Eight Thousand Five Hundred Fifty-Eight Rupees And Ninety-Eight Paise). This demanded amount includes the disgorgement order, accrued interest, and recovery costs.The core of the demand relates to an Order for Disgorgement imposed by a Quasi-Judicial Authority on 31.12.2025. The specified disgorgement amount stands at ₹9,88,372.88/-. In addition to this primary amount, interest calculated from January 2026 to July 2026 at a rate of 12% per annum adds ₹69,186.10/-. A recovery cost of ₹1,000.00/- has also been added to the total liability.
Severe Recovery Measures Warned by SEBI
SEBI’s notice outlines stringent measures in case of non-payment within 15 days of receiving the document. The regulatory body is prepared to recover the due amount using multiple enforcement modes. These options include the attachment and sale of movable property, seizure of bank accounts, or even arrest and detention in prison.A critical advisory was issued regarding asset transfers. As per Explanation 1 to section 28A of the SEBI Act, any direct or indirect transfer of properties held by Parmar to his spouse or minor child, or a son’s wife or son’s minor child after December 31, 2025, shall be deemed to be subject to recovery. Furthermore, Parmar is advised that he is not competent to mortgage or charge any property without the permission of the Recovery Officer.
Compliance and Payment Directives
To settle the account, the total amount must be paid within fifteen days through a specified payment mechanism. The payment must be credited directly via EFT/NEFT/RTGS into A/c No. SEBIRRDDSG9190 of Bank of India (IFSC code BKID00VAN04). Alternatively, payments can be made through the online facility on the SEBI website.The notice clarifies that in the absence of proper confirmation of e-payment, any credits made will not be accounted towards the dues. The demand is signed by Deputy General Manager and Recovery Officer, Deepu Anandan, from the SEBI Bhavan-II premises in Mumbai.
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