SAT Order in the matter front running by Madhav Stock Vision Pvt. Ltd. and Others · 20260818-41
BSE notice 20260818-41 · 18 Aug 2026
Official record
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Check the official recordWhat changed
The Securities Appellate Tribunal issued an order on August 10, 2026, regarding front running by Madhav Stock Vision Pvt. Ltd. and others. The order stays the debarment of the appellants. This stay requires the deposit of the full penalty and disgorgement amount. SEBI confirms that the appellants paid the required penalty and disgorgement amount. Trading members must note this development for compliance purposes.
What you must do
- Trading members must note the order and ensure compliance.
Key dates
- Date of SAT order
- 10 Aug 2026
- Date of SEBI email confirmation
- 18 Aug 2026
Who is affected
Document text
[Image omitted. See the official document.]
NOTICE
| Notice No. | 20260818-41 |
| Notice Date | 18 Aug 2026 |
| Category | Compliance |
| Segment | General |
| Department | DOSS |
| Subject | SAT Order in the matter front running by Madhav Stock Vision Pvt. Ltd. and Others |
| Attachments | Final_Order_in_the_matter_of_front_running_by_Madhav_Stock_Vision_Pvt_Ltd_and_Others ; SAT_Order |
[Image omitted. See the official document.]
To
All Trading Members of the Exchanges
Sub: SAT Order in the matter front running by Madhav Stock Vision Pvt. Ltd. and Others.
In continuation to the Exchange Notice No. 20260724-26 dated July 24, 2026, on the captioned matter.
SAT vide its order dated August 10,2026, has inter-alia stated that, “stay on debarment subject to deposit of entire penalty and disgorgement amount.”
Now SEBI vide its email dated August 18, 2026,has inter-alia stated that, the appellant i.e Madhav Stock Vision Pvt. Ltd. and Ors. have paid the penalty and disgorgement amount in favour of SEBI.”
The appellant details are mentioned below:
| Name of the Appellant | PAN of the Appellant |
|---|---|
| Madhav Stock Vision Pvt. Ltd. | AABCM8845M |
| Ajay Sampatraj Jain | AABPJ0451D |
| Rajkumar Prabhu Damani | AECPD9155K |
Trading members are advised to take note of the same and ensure compliance.
Abhijit Pai
Deputy Vice President
Investigation
Prashant Malekar
Deputy Manager
Investigation
Date: August 18, 2026
Source details
- Source
- BSE Ltd (Bombay Stock Exchange)
- Type
- notice
- Published by source
- 18 Aug 2026
- Document number
- 20260818-41
- Issuing division
- DOSS
- Coverage area
- securities