The Securities and Exchange Board of India (SEBI) publishes several entries titled as certificates with specific certificate numbers and associate application case references, all relating to “Illiquid Stock Options.” Across the postings, the cases are identified by certificate numbers such as RC9072, RC9081, RC9084, RC9085, and RC9116, along with corresponding A.P. (application petition) numbers dated 2026. The entities named include Alternative Dealers Private Limited (PAN: AAICA2613G), Sushil Kumar Saraf (PAN: AKUPS9187L), Ratan Lal Rathi (PAN: AJSPR3863P), Shilush Trading Private Limited (PAN: AALCS0075M), and Arrowlink Chemical Private Limited (PAN: AAKCA1933D). Some names appear in multiple certificate entries—for example, RC9072 covers several A.P. numbers for Alternative Dealers Private Limited, RC9081 covers multiple A.P. numbers for Sushil Kumar Saraf, RC9084 includes multiple A.P. numbers for Ratan Lal Rathi, and RC9085 includes multiple A.P. numbers for Arrowlink Chemical Private Limited. The postings in this set do not provide further narrative details beyond the certificate identifiers and the reference to illiquid stock options proceedings.
SEBI issues multiple certificates in cases involving illiquid stock options
The Securities and Exchange Board of India (SEBI) publishes several entries titled as certificates with specific certificate numbers and associate application case references, all relating to “Illiqui...
- SEBI publishes multiple certificate entries in 2026 cases related to “Illiquid Stock Options.”
- Certificate numbers listed include RC9072, RC9081, RC9084, RC9085, and RC9116.
- Named parties include Alternative Dealers Private Limited (AAICA2613G), Sushil Kumar Saraf (AKUPS9187L), Ratan Lal Rathi (AJSPR3863P), Shilush Trading Private Limited (AALCS0075M), and Arrowlink Chemical Private Limited (AAKCA1933D).
- Several parties have multiple entries tied to different A.P. numbers under the same certificate number (e.g., RC9084 and RC9085).
- The provided records mainly include certificate number and associated A.P. reference, without additional case specifics.
Certificate No. RC9084 of 2026_ A.P. No. 15456 of 2026 in respect of Ratan Lal Rathi (PAN: AJSPR3863P) in the matter of Illiquid Stock Options
15 hours agoCertificate No. RC9084 of 2026_ A.P. No. 15457 of 2026 in respect of Ratan Lal Rathi (PAN: AJSPR3863P) in the matter of Illiquid Stock Options
15 hours agoCertificate No. RC9116 of 2026_A.P Nos 15446 of 2026_ Shilush Trading Private Limited (PAN: AALCS0075M) in the matter of Illiquid Stock Options
2 days agoCertificate No. RC9116 of 2026_A.P Nos 15447 of 2026_ Shilush Trading Private Limited (PAN: AALCS0075M) in the matter of Illiquid Stock Options
2 days agoCertificate No. RC9085 of 2026_A.P Nos 15445 of 2026_ Arrowlink Chemical Private Limited (PAN: AAKCA1933D) in the matter of Illiquid Stock Options
2 days agoCertificate No. RC9085 of 2026_A.P Nos 15444 of 2026_ Arrowlink Chemical Private Limited (PAN: AAKCA1933D) in the matter of Illiquid Stock Options
2 days ago
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