SEBI issues two separate notices dated June 29, 2026, attaching bank and demat accounts of individuals identified as defaulters in connection with alleged price and volume manipulation in the scrip of Quasar India Limited. In the first notice, SEBI serves an attachment order with AP No. 15506 and AP No. 15507 against Mr. Mrugesh Natwarlal Ruparel (PAN: AITPR2718M). The notice cites proceedings under Recovery Certificate No. 9151 of 2026. In the second notice, SEBI attaches bank and demat accounts using AP No. 15504 and AP No. 15505 against Arpit Piyushbhai Shah (PAN: BECPS1043E). That notice refers to Recovery Certificate No. 9150 of 2026.
Both notices state that the attachment is issued in the matter of price and volume manipulation related to Quasar India Limited’s securities and are linked to the respective recovery certificates. The provided information does not include amounts attached or further procedural details beyond the issuance of these attachment notices.
