SEBI issued an ex-parte interim order against 19 entities including Osiajee Texfab Limited management for alleged market manipulation and fraudulent trading activities.
The order reveals a coordinated scheme where top 10 LTP contributors traded through SSL's Hoshiarpur branch, contributing 67.38% of positive LTP during April 30-May 14, 2026.
Osiajee Texfab made misleading announcements about textile business growth despite having negligible revenue from operations and deriving income primarily from its subsidiary.
SEBI directed restraining all noticees from trading in OTL shares and impounded ₹82.56 lakh wrongful gains from SSL pending investigation completion.