SEBI Issues Demand Notice to Agomoni Commercial Over Illiquid Stock Options, Citing Rs 5.31 Lakh Recovery

SEBI Issues Demand Notice to Agomoni Commercial Over Illiquid Stock Options, Citing Rs 5.31 Lakh Recovery​

Securities market regulator SEBI has issued a formal demand notice against Agomoni Commercial Private Limited concerning penalties related to illiquid stock options. The notice details a total recovery amount of Rs 5,31,000, stipulating that the company must comply with the payment terms within fifteen days of receiving the official communication.

SEBI Formalizes Recovery Proceedings Against Corporate Entity​

The demand certificate, issued by SEBI’s Eastern Regional Office on June 5, 2026, pertains to penalties imposed following an adjudication process involving illiquid stock options held by Agomoni Commercial Private Limited. The action is taken under Section 28A of the Securities and Exchange Board of India Act, 1992, read with relevant sections of the Income Tax Act, 1961.

The total amount due to SEBI for recovery stands at Rs 5,31,000/-. This sum includes the principal penalty imposed by the Adjudicating Officer and associated costs and interest.

Breakdown of Dues in Regulatory Case​

The financial liability detailed in the notice comprises three distinct components: the core penalty, accrued interest, and administrative recovery costs.

The primary Penalty imposed by the Adjudicating Officer, referenced via Order No Order/AK/GN/2025-26/32000 dated January 28, 2026, amounts to Rs 5,00,000-. This forms the bulk of the demanded amount.

Accruing interest at a rate of 1% per month from January 28, 2026, until June 5, 2026, contributes Rs 30,000/- to the total due. The Recovery Cost allocated for the proceedings amounts to Rs 1,000/-.

Compliance Mandates and Deadline Set by Regulator​

Agomoni Commercial Private Limited is strictly directed to remit the full amount of Rs 5,31,000 within fifteen days of receiving this Notice. SEBI has provided multiple avenues for payment, including EFT/NEFT/RTGS transfers and online payment facilities via the SI portal.

Failure to meet this obligation will result in recovery proceedings being advanced by the Recovery Officer as per Section 28A of the SEBI Act. The notice outlines severe consequences for non-compliance.

Potential Enforcement Modes Detailed by SEBI​

The notice serves as a stern warning, detailing the various modes through which SEBI is prepared to recover the outstanding dues if payment is not received in full. These measures include attachment and sale of movable property or immovable assets belonging to the company.

Other potential enforcement actions listed include the attachment of bank accounts and even the appointment of a receiver for the management of the entity’s properties. The regulator has also specified that arrest and detention in prison remain a possibility among the recovery methods.

Restrictions on Corporate Property Transfer Post-Notice​

Furthermore, SEBI has placed specific restrictions on Agomoni Commercial Private Limited concerning its assets. Any direct or indirect transfer of property or monies held in bank accounts to a spouse or minor child or son's wife or son's minor child after January 28, 2026, will be deemed for recovery purposes.

The company is also advised that upon service of this notice, it lacks the competence to mortgage, charge, lease, or otherwise deal with any property without explicit permission from the Recovery Officer. Any such unauthorized transfer would be considered void as per relevant regulations.