SEBI adjudication order imposes penalties totaling ₹3.10 crore on Aakash Doshi, Kevin Kapadia, and family members for manipulating Darshan Orna Limited's stock price.
Noticees executed coordinated trades creating artificial volume and price inflation, aided by Telegram recommendations that increased retail shareholders by 335%.
The scheme involved funding connections between entities, with the Doshi family making profits of ₹2.67 crore while Kruti Kapadia incurred losses of ₹18.83 lakh.
Violations include Section 12A of SEBI Act and multiple provisions of PFUTP Regulations through synchronized trading, LTP/NHP manipulation, and first trades.