SEBI Demands ₹6.37 Lakhs from Trader Over Trading Activities in DU Digital Global Stock
Regulatory Action Against Trader Following Stock Market Activity
The Securities and Exchange Board of India (SEBI) has issued a formal Notice of Demand against Girish Kantilal Parmar regarding trading activities in the scrip of DU Digital Technologies Limited, now known as DU Digital Global Limited. The notice, dated June 25, 2026, mandates payment of a substantial amount toward penalties and recovery costs related to past market transactions.SEBI has directed Mr. Parmar, identified by PAN AUDPP6127A, to remit the total outstanding amount of ₹6,37,000/- within fifteen days of receiving the notice. This sum includes the penalty imposed along with accrued interest and operational recovery costs associated with the proceedings.
Breakdown of Penalties and Financial Dues
The total demand is meticulously broken down based on findings from a Quasi-Judicial Authority (QJA) order dated December 31, 2025. The primary component consists of a penalty amounting to ₹6,00,000.00 imposed by the QJA in relation to the trading activities concerning DU Digital Global Limited.In addition to the main penalty, SEBI has levied interest calculated at 1% per month, covering the period from January 2026 to June 2026, which amounts to ₹36,000.00. A minor recovery cost of ₹1,000.00 has also been included in the final calculation.
SEBI Outlines Severe Enforcement Measures for Non-Compliance
The Notice serves as a stern warning regarding the consequences of failing to meet the demanded dues. In the event of non-payment, SEBI reserves the right to recover the money through multiple stringent enforcement actions prescribed under regulations.These recovery methods include the attachment and subsequent sale of movable property or immovable assets held by the individual. Furthermore, SEBI can proceed with the attachment of bank accounts, or in extreme cases, ordering arrest and detention in prison.
Debtor's Property Transactions Restricted Post-Notice
The notice places significant legal restrictions on the debtor concerning any transfer or dealing with their properties. As per Explanation 1 to Section 28A of the SEBI Act, any direct or indirect transfer of property or money held in bank accounts must be undertaken for adequate consideration. Such transactions are deemed invalid if completed after December 31, 2025.The notice explicitly states that Mr. Parmar is not competent to mortgage, charge, lease, or otherwise deal with any property belonging to him without express permission from the designated Recovery Officer. Any unauthorized transfer would be considered void under established regulations.
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