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SOURCE OF INFORMATION

SOURCE OF INFORMATION : SECURITIES AND EXCHANGE BOARD OF INDIA WEBSITE – PRESS RELEASES/ CHAIRMAN’S AND MEMBER’S ORDERS / AO ORDERS/ SAT ORDERS/ NEWSPAPER ADS
UPDATED TILL : 27-MAY-2026

NAMES IN BROWN COLOUR
Names of entities/persons in brown colour denote that the regulatory order is not against them but their names have been mentioned only for association purposes.

STOCK BROKERS: VIOLATED SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
81
History of entity/person JYOTISH BHOGILAL STOCK BROKERS PVT.LTD.

(PAN:AAACJ5486G)

(Member : ASE)  
Click here to view complete history of this specific entity/person JYOTISH BHOGILAL SHAH
Click here to view complete history of this specific entity/person MEENA JYOTISH SHAH
Click here to view complete history of this specific entity/person RAMNIK N.VYAS
Click here to view complete history of this specific entity/person SHAILESH S.JHAVERI
  		VIOLATED RULE 3 OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992

VIOLATED SECTION 12 OF SEBI ACT, 1992   		PROSECUTION LAUNCHED

15-MAY-2006 		THE OFFENCE WAS COMPOUNDED ON PAYMENT OF RS.85,000 BY THE ACCUSED TO SEBI  
82
History of entity/person KCGP SHARE BROKING SERVICES PVT.LTD.

(Member : CSE)  
  DID NOT HAVE ADEQUATE INFRASTRUCTURE TO RUN STOCK BROKING BUSINESS VIOLATING REGULATIONS 21(1), 21(2) AND 21(4) OF SEBI (STOCK BROKERS) REGULATIONS, 1992   WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET

09-MAR-2021 		 
83
History of entity/person KEDIA CAPITAL SERVICES PVT.LTD.

(PAN:AAECK6735H)

(Member : BSE/NSE)  
  ALLEGED ASSOCIATING WITH UNREGULATED ALGORITHMIC TRADING PLATFORMS THAT PROMISED GUARANTEED RETURNS VIOLATING SEBI CIRCULAR SEBI/HO/MIRSD/DOP/P/CIR/2022/117 DATED 02/09/2022 AND CLAUSE A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATION 9 OF SEBI (STOCK BROKERS) REGULATIONS, 1992   REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)

17-MAR-2026 		 
84
History of entity/person KOLAR SHAREX PVT.LTD.

(PAN:AAACK6474D)

(Member : BSE/ICSE)  
  DID NOT OBTAIN PRIOR/POST APPROVAL FROM SEBI/BSE FOR CHANGE IN CONTROL OF MANAGEMENT VIOLATING RULE 257A(III) OF RULES, BYE-LAWS AND REGULATION OF STOCK EXCHANGES PROVISIONS OF STOCK BROKERS REGULATIONS   CANCELLED REGISTRATION AS STOCK BROKER FROM 18-FEB-2021

18-FEB-2021 		 
85
History of entity/person KOTAK SECURITIES LTD.

(PAN:AAACK3436F)

(Member : BSE/NSE)  
  ALLEGED ASSOCIATING WITH UNREGULATED ALGORITHMIC TRADING PLATFORMS THAT PROMISED GUARANTEED RETURNS VIOLATING SEBI CIRCULAR SEBI/HO/MIRSD/DOP/P/CIR/2022/117 DATED 02/09/2022 AND CLAUSE A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATION 9 OF SEBI (STOCK BROKERS) REGULATIONS, 1992   REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)

17-MAR-2026 		 
86
History of entity/person KREDENT TRADING LLP

(PAN:AAPFK4299N)

(Member : BSE/NSE)  
  ALLEGED ASSOCIATING WITH UNREGULATED ALGORITHMIC TRADING PLATFORMS THAT PROMISED GUARANTEED RETURNS VIOLATING SEBI CIRCULAR SEBI/HO/MIRSD/DOP/P/CIR/2022/117 DATED 02/09/2022 AND CLAUSE A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATION 9 OF SEBI (STOCK BROKERS) REGULATIONS, 1992   REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)

17-MAR-2026 		 
87
History of entity/person KRISHNA BHAT I.,M/S

(Member : MNGSE)  
Click here to view complete history of this specific entity/person KRISHNA BHAT I.
  		VIOLATED SEBI (STOCK BROKERS AND SUB-BROKERS) REGULATIONS 1992   CANCELLED REGISTRATION AS STOCK BROKER FROM 09-JUL-2004

09-JUL-2004 		 
88
History of entity/person KSBL SECURITIES LTD.

(CIN:045764
PAN:AAACK0784G)

(Member : BSE/NSE/MSEI)  
  DID NOT HOLD MEMBERSHIP OF ANY RECOGNISED STOCK EXCHANGES VIOLATING REGULATION 9(A) OF SEBI (STOCK BROKER) REGULATIONS, 1992   CANCELLED REGISTRATION AS STOCK BROKER FROM 14-FEB-2022

14-FEB-2022 		 
89
History of entity/person KUNVARJI FINSTOCK LTD.

(Member : ASE)  
  ALLEGED VIOLATION OF REGULATIONS 26(V), 26(VI), 26(XII), 26(XV), 26(XVI), 26(XIX) OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992   REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.1,50,000 VIDE CONSENT ORDER)

12-NOV-2008 		 
90
History of entity/person LAKSHMISHREE INVESTMENT & SECURITIES PVT.LTD.

(PAN:AABCL1546Q)

(Member : BSE/NSE)  
  ALLEGED ASSOCIATING WITH UNREGULATED ALGORITHMIC TRADING PLATFORMS THAT PROMISED GUARANTEED RETURNS VIOLATING SEBI CIRCULAR SEBI/HO/MIRSD/DOP/P/CIR/2022/117 DATED 02/09/2022 AND CLAUSE A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATION 9 OF SEBI (STOCK BROKERS) REGULATIONS, 1992   REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)

17-MAR-2026 		 
91
History of entity/person LFS BROKING PVT.LTD.

(PAN:AACCL1007D)

(Member : NSE)  
  MISUSED REGISTRATION TO PROMOTE LFS BROKING AND PMS SERVICES AND ANOTHER UNREGISTERED ENTITY MOL COMMODITIES COLLECTED FUNDS FROM INVESTORS   CANCELLED REGISTRATION AS PORTFOLIO MANAGER FROM 28-JUN-2024

CANCELLED REGISTRATION AS STOCK BROKER FROM 28-JUN-2024

CANCELLED REGISTRATION AS DEPOSITORY PARTICIPANT FROM 28-JUN-2024

CANCELLED REGISTRATION AS RESEARCH ANALYST FROM 28-JUN-2024

28-JUN-2024 		 
92
History of entity/person LSC SECURITIES LTD.

(PAN:AAACL6361J)

(Member : BSE/NSE)  
  ALLEGED ASSOCIATING WITH UNREGULATED ALGORITHMIC TRADING PLATFORMS THAT PROMISED GUARANTEED RETURNS VIOLATING SEBI CIRCULAR SEBI/HO/MIRSD/DOP/P/CIR/2022/117 DATED 02/09/2022 AND CLAUSE A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATION 9 OF SEBI (STOCK BROKERS) REGULATIONS, 1992   REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)

17-MAR-2026 		 
93
History of entity/person MAHESH JOSHI,M/S

(Member : SKSE)  
Click here to view complete history of this specific entity/person MAHESH JOSHI
  		VIOLATED SEBI (STOCK BROKERS AND SUB-BROKERS) REGULATIONS 1992   CANCELLED REGISTRATION AS STOCK BROKER FROM 28-AUG-2004

28-AUG-2004 		 
94
History of entity/person MAITRA COMMODITIES PVT.LTD.

(PAN:AAHCM6659B)

(Member : BSE/NSE)  
  ALLEGED ASSOCIATING WITH UNREGULATED ALGORITHMIC TRADING PLATFORMS THAT PROMISED GUARANTEED RETURNS VIOLATING SEBI CIRCULAR SEBI/HO/MIRSD/DOP/P/CIR/2022/117 DATED 02/09/2022 AND CLAUSE A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATION 9 OF SEBI (STOCK BROKERS) REGULATIONS, 1992   REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)

17-MAR-2026 		 
95
History of entity/person MALINI SANGHVI SECURITIES PVT.LTD.

(Member : BSE)  
Click here to view complete history of this specific entity/person AJIT R.SANGHVI
Click here to view complete history of this specific entity/person MALINI A.SANGHVI
Click here to view complete history of this specific entity/person PARAS D.SHAH
  		VIOLATED REGULATION 4 OF SEBI (PFUTP) REGULATIONS, 1995

DEALT IN SECURITIES VIOLATING REGULATION 4 OF SEBI (PROHIBITION OF INSIDER TRADING) REGULATIONS, 1992

ALLEGED VIOLATION OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992   		PROSECUTION LAUNCHED

15-MAY-2006 		 
96
History of entity/person MANGAL KESHAV FINANCIAL SERVICES LLP

(PAN:ABIFM3412H)

(Member : BSE)  
  ALLEGED ASSOCIATING WITH UNREGULATED ALGORITHMIC TRADING PLATFORMS THAT PROMISED GUARANTEED RETURNS VIOLATING SEBI CIRCULAR SEBI/HO/MIRSD/DOP/P/CIR/2022/117 DATED 02/09/2022 AND CLAUSE A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATION 9 OF SEBI (STOCK BROKERS) REGULATIONS, 1992   REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)

17-MAR-2026 		 
97
History of entity/person MANSUKH SECURITIES & FINANCE LTD.

(PAN:AAACM1701D)

(Member : NSE)  
  ALLEGED ASSOCIATING WITH UNREGULATED ALGORITHMIC TRADING PLATFORMS THAT PROMISED GUARANTEED RETURNS VIOLATING SEBI CIRCULAR SEBI/HO/MIRSD/DOP/P/CIR/2022/117 DATED 02/09/2022 AND CLAUSE A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATION 9 OF SEBI (STOCK BROKERS) REGULATIONS, 1992   REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)

17-MAR-2026 		 
98
History of entity/person MARWADI CHANDARANA INTERMEDIARIES BROKERS PVT.LTD.

(PAN:AAMCM0089Q)

(Member : BSE/NSE)  
  ALLEGED ASSOCIATING WITH UNREGULATED ALGORITHMIC TRADING PLATFORMS THAT PROMISED GUARANTEED RETURNS VIOLATING SEBI CIRCULAR SEBI/HO/MIRSD/DOP/P/CIR/2022/117 DATED 02/09/2022 AND CLAUSE A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATION 9 OF SEBI (STOCK BROKERS) REGULATIONS, 1992   REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)

17-MAR-2026 		 
99
History of entity/person MARWADI SHARES & FINANCE LTD.

(CIN:U65910GJ1992PLC017544
PAN:AABCM5192K)

(Member : BSE/NSE)  
  ALLEGED ASSOCIATING WITH UNREGULATED ALGORITHMIC TRADING PLATFORMS THAT PROMISED GUARANTEED RETURNS VIOLATING SEBI CIRCULAR SEBI/HO/MIRSD/DOP/P/CIR/2022/117 DATED 02/09/2022 AND CLAUSE A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATION 9 OF SEBI (STOCK BROKERS) REGULATIONS, 1992   REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)

17-MAR-2026 		 
100
History of entity/person MASTER CAPITAL SERVICES LTD.

(PAN:AABCM1406A)

(Member : BSE/NSE)  
  ALLEGED ASSOCIATING WITH UNREGULATED ALGORITHMIC TRADING PLATFORMS THAT PROMISED GUARANTEED RETURNS VIOLATING SEBI CIRCULAR SEBI/HO/MIRSD/DOP/P/CIR/2022/117 DATED 02/09/2022 AND CLAUSE A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATION 9 OF SEBI (STOCK BROKERS) REGULATIONS, 1992   REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)

17-MAR-2026 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
 
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