Rajwadi Retail Trade SEBI Penalty for Illiquid Options

SEBI imposes ₹5 lakh penalty on Rajwadi Retail Trade for executing 43 non-genuine reversal trades in BSE stock options.
The trades created artificial volume of 357,500 units across 6 contracts during April 2014-September 2015 investigation period.
Violations established under PFUTP Regulations 3(a)-(d) and 4(1), 4(2)(a) for creating false/misleading appearance of trading.
Notice served via public notice after multiple failed delivery attempts; no response received from the company.