SEBI Issues ₹6.37 Lakh Demand Notice Over Trading Activities in DU Digital Global Stock

SEBI Issues ₹6.37 Lakh Demand Notice Over Trading Activities in DU Digital Global Stock​

SEBI Targets Individual in Regulatory Action Regarding DU Digital Technologies Scrip​

Securities and Exchange Board of India (SEBI) has issued a formal Notice of Demand against Madhu Kumari Bairwa, concerning the trading activities involving the scrip of DU Digital Technologies Limited (now DU Digital Global Limited). The regulatory action was formalized via Certificate No. 9178 of 2026 and dated June 29, 2026.

The notice mandates a specific payment structure to SEBI, outlining financial penalties related to the individual's transactions in the company's stock. This step represents a significant regulatory enforcement action under Section 28A of the Securities and Exchange Board of India Act, 1992.

Breakdown of the Financial Dues​

The total amount demanded by SEBI from Madhu Kumari Bairwa is ₹6,37,000.00 (Rupees Six Lakh and Thirty Seven Thousand Only). This sum comprises multiple components stemming from alleged trading irregularities in DU Digital Global Limited's stock.

The required payment structure detailed in the notice includes a penalty amounting to ₹6,00,000.00. This penalty was imposed by AOvide Order No. QJA/MN/IVD/ID7/31947/2025-26 dated December 31, 2025, in relation to the trading activities of certain entities in the scrip.

Further, the demand includes ₹36,000.00 for interest calculated at a rate of 1% per month, covering the period from January 2026 to June 2026. A small recovery cost of ₹1,000.00 has also been assessed against the defaulter.

Compliance Deadline and Recovery Procedures​

Madhu Kumari Bairwa is directed to clear the total amount within fifteen days of receiving the Notice. Payment must be made by direct credit through EFT/NEFT/RTGS to A/c No. SEBIRRDPEN9178 at ICICI Bank, or via the designated payment facility on the official SEBI website.

SEBI has strictly laid out the implications of non-compliance with this demand notice. Should the dues remain unpaid, SEBI is empowered to recover the money through several methods under the relevant Acts. These recovery modes include the attachment and sale of movable property, the attachment of bank accounts, or even arrest and detention in prison.

Restrictions on Property Transactions​

The regulatory notice advises that upon service, Ms. Bairwa is restricted from transacting any properties belonging to her. This restriction applies to mortgaging, charging, leasing, or otherwise dealing with any assets.

Any such transfer performed without the express permission of the Recovery Officer will be deemed void as per Rule 16 of the Second Schedule to the Income-tax Act, 1961 read with Section 28A of the SEBI Act. This measure is intended to ensure that financial distress does not lead to fraudulent transfers of assets.

Further Liability and Administrative Requirements​

In addition to the immediate dues totaling ₹6,37,000.00, the notice explicitly states that Ms. Bairwa will be liable for any future interest and all costs or expenses incurred during subsequent recovery proceedings initiated by SEBI.

The Recovery Officer has requested Madhu Kumari Bairwa to immediately provide holding details (PAN: GBAPB7834Q) in response to this Notice of Demand. The notice serves as a formal instruction from the General Manager & Recovery Officer, Kirtikumar Jadhav, at the Securities and Exchange Board of India in Mumbai.