SEBI Issues Corrigendum on Illiquid Stock Options Adjudication Order, Correcting Key Name Detail
MUMBAI: The Securities and Exchange Board of India (SEBI) has issued a formal Corrigendum to an existing Adjudication Order regarding dealings in Illiquid Stock Options (ISO). This regulatory update addresses an inadvertent error found within the previously passed order.The CORRIGENDUM, dated July 15, 2026, concerns Adjudication Order Ref. No. Order/MS/KS/2026-27/32482, which was initially passed on July 14, 2026. This order relates to the matter of dealings in ISO at BSE concerning Late Ms. Anju Rani.
Correction of Name in Adjudication Proceedings
The primary purpose of this Corrigendum is to rectify a specific naming error present in the original adjudication document. In paragraph 12, found on page 4 of the initial order, the name was incorrectly listed as 'Ms. Anju Rani'.SEBI has now issued the correction, stating that the name appearing at that specified location shall be read instead as 'Mr. Nitin Agarwal'. This procedural change ensures complete accuracy in the official records of this regulatory matter.
Scope and Compliance Mandate of the Corrigendum
The Adjudicating Officer, Medha Sonparote, affirmed that the entire Order bearing Ref. No. Order/MS/KS/2026-27/32482 must be read alongside this specific Corrigendum document. This clarifies that all other contents and details of the original adjudication order remain unchanged.This action highlights SEBI's commitment to maintaining precise documentation in regulatory compliance matters. The CORRIGENDUM confirms that it is a necessary adjunct to the original Adjudication Order.
Regulatory Service Obligations Fulfilled by SEBI
In accordance with standard procedure, a copy of this Corrigendum has been prepared for service. This includes serving copies upon the last known addresses of the deceased Noticee and Mr. Nitin Agarwal. A copy is also being provided to the Securities and Exchange Board of India itself.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.