Bimla Devi Killa Penalized ₹5 Lakh for Stock Options Manipulation

SEBI adjudication order imposes ₹5 lakh penalty on Bimla Devi Killa for executing 6 non-genuine reversal trades in illiquid stock options on BSE.
Noticee created artificial volume of 1,92,000 units in RCOM15FEB70.00CE contract through trades with same counterparty within short timeframes.
Violations include Regulations 3(a),(b),(c),(d), 4(1) and 4(2)(a) of SEBI PFUTP Regulations for creating false appearance of trading.
Noticee failed to respond to show cause notice or avail settlement schemes offered in 2022 and 2024, leading to ex-parte proceedings.