The Securities and Exchange Board of India issued a Notice of Demand to B S Aggarwal & Sons HUF concerning recovery proceedings related to trading in illiquid stock options at the BSE. The notice pertains to Recovery Certificate number 9080 of 2026 and was issued with reference to an earlier date of April 07, 2026.
The notice specifies that a total amount of Rs. 5,21,000/- (Rupees Five Lakh Twenty-One Thousands Only), along with accumulated interest, costs, charges, and expenses, is due to SEBI.
A detailed breakdown of the dues recoverable is presented in the following table:
| Description of Dues | Amount (Rs.) |
|---|---|
| Penalty imposed by the Adjudicating Officer vide Order No. Order/AK/DS/2025-26/31979 dated January 21, 2026 in the matter of Trading in Illiquid Stock Options at BSE | 5,00,000/- |
| Interest from January, 2026 to April, 2026 @ 1% p.m. @1% p.m. | 20,000/- |
| Recovery Cost | 1,000/- |
| Total | 5,21,000/- |
The notice directs B S Aggarwal & Sons HUF to pay the total amount within 15 days of receipt. Payments can be made through several methods, including drawing a Demand Draft in favour of the "SEBI Recovery Proceeds" Account payable at Mumbai, via EFT/NEFT/RTGS to Account No. SEBIRRDPEN9080 of ICICI Bank (IFS Code: ICIC0000106), or through the online payment facilities available on the designated SEBI website modules.
The notice also outlines the actions SEBI may take in the event of non-payment, which include the attachment and sale of movable property, attachment of bank accounts, attachment and sale of immovable property, arrest and detention in prison, or appointing a receiver for the management of properties.
Furthermore, the notice details restrictions on the property of the concerned party. 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, otherwise than for adequate consideration, on or after January 21, 2026, is deemed to be the property or money of the party for the purpose of recovery. The notice explicitly advises that the party is not competent to mortgage, charge, lease, or otherwise deal with any property without the permission of the Recovery Officer, and any such transfer shall be deemed void.
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