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Biz Updates: SEBI imposes 3-year stock market ban on 15 people; PFC will give interim dividend of Rs 4 – Biz-updates-6-feb-business-news-share-market-banking-sebi-gov-policy-usd-inr-value

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By Ronit Sharma
Feb 06, 2026, 11:16 AM IST
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Biz Updates: SEBI imposes 3-year stock market ban on 15 people; PFC will give interim dividend of Rs 4 – Biz-updates-6-feb-business-news-share-market-banking-sebi-gov-policy-usd-inr-value

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business update
– Photo: Amar Ujala

Sebi on Thursday imposed a three-year stock market ban on 15 people and imposed a total fine of Rs 3.6 crore for manipulating Unison Metals shares through misleading share recommendations on Telegram channels.

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Additionally, the regulator directed 10 people to return illegal gains of over Rs 3.87 crore. This amount will have to be deposited in SEBI’s Investor Protection and Education Fund within 45 days. SEBI also imposed a fine ranging from Rs 10 lakh to Rs 1 crore on 15 individuals for violating various regulatory norms. SEBI, in its 98-page order, found that Yayati Hasmukhrai Nada, Nirali Nada, Jaswantbhai Patel, Jignesh Praveenbhai Pethani, Nahush Ashwinbhai Shukla, Prajesh A Shukla, Ritaben Ashwinkumar Shukla and Hardik J Patel are linked. agency

Noticee No. 1 (Yayati) was taking investment decisions on behalf of Noticees Nos. 2, 6, 7 and 9 (Nirali, Nahush, Prajesh and Ritaben) and was also advising Noticee No. 4 (Jignesh) regarding their transactions.

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