The Securities and Exchange Board of India (SEBI) issues a release order relating to Recovery Certificate No. RC7969 of 2024 concerning Sandip Agarwal (PAN: ACGPA2796K) in a matter involving illiquid stock options. SEBI’s first update states that it releases the recovery certificate, indicating that the recovery process associated with RC7969 is no longer pending in that respect.
A subsequent SEBI update reports the completion of Recovery Certificate No. RC7969 of 2024 in the same matter and involving the same individual and PAN. Taken together, the two notices indicate that SEBI’s recovery-related action tied to RC7969 is first formally released and then marked as completed.
Both releases reference the same underlying context—illiquid stock options—and use the same recovery certificate number and subject identity. The notices do not provide additional factual details such as the amount involved, specific transactions, or dates beyond the certificate number and year.
