SEBI adjudication order imposes ₹5 lakh penalty on Diganta Agencies Pvt Ltd for executing 20 non-genuine reversal trades in illiquid stock options on BSE during April 2014-September 2015.
The trades created artificial volume totaling 280,000 units across 3 contracts and violated PFUTP Regulations 3(a)-(d), 4(1) and 4(2)(a) by creating false market appearance.
Noticee failed to respond to show cause notices and declined two settlement scheme opportunities (2022 Scheme with ₹1-5 lakh tiers and 2024 Scheme with ₹1.2-6 lakh base + ₹12k/contract).
Order issued ex-parte after public notice service, considering factors under Section 15J but finding no quantifiable gain/loss data available.