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NotificationSEBITuesday, 25 August 2026

SEBI Order for Compliance - Release Order for Recovery Certificate No. 9155 of 2026 against M/s Chandrima Mercantiles Limited (AABCC1666J), Mr. Pranav Kamleshkumar Trivedi (AWQPT8856R), Mr. Nayan Mahendrabhai Thakkar (BYHPT2277A), Mr. Kuntal Jitendra Trivedi (AKNPT2945A), Mr. Jigneshkumar P. Patel (AQEPP8019J), Mr. Rohit Bairwa (ELYPB0179Q), Mr. Ankit Ajitbhai Panchal (ECSPP4637J), Mr. Hardik Himmatbhai Munjpara (AULPM8809N), Mr. Jagdish Chhanabhai Vaghela (AFPPV2562Q), Ms. Usha Devi (AEXPU5745D), Mr. Parth Rajanikant Pandya (FGMPP6491K), Mr. Manish Jethabhai Bhaskar (DHEPB7576N), Mr. Nitinkumar Lalji Bhai Bharvad (DWAPB3135C), Mr. Babubhai Bhikhaji Godha (BALPG5393L), Ms. Narmadaben Pravinbhai Parmar (DQEPP6650L), Mr. Pravinbhai Lakhabhai Parmar (DQEPP6651M), Ms. Shvetalben Sagarbhai Dataniya (CQGPD5278K) and Mr. Sagarkumar Pravinchandra Dataniya (BJIPD7414F) in the matter of price and volume manipulation in the scrip of Quasar India Limited.

Cite this

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Official government notification — a formal executive order that operationalises policy decisions. Carries legal weight and specifies rules, dates, exemptions, or procedural requirements.

Summary

SEBI Order for Compliance - Release Order for Recovery Certificate No. 9155 of 2026 against M/s Chandrima Mercantiles Limited (AABCC1666J), Mr. Pranav Kamleshkumar Trivedi (AWQPT8856R), Mr. Nayan Mahendrabhai Thakkar (BYHPT2277A), Mr. Kuntal Jitendra Trivedi (AKNPT2945A), Mr. Jigneshkumar P. Patel (AQEPP8019J), Mr. Rohit Bairwa (ELYPB0179Q), Mr. Ankit Ajitbhai Panchal (ECSPP4637J), Mr. Hardik Himmatbhai Munjpara (AULPM8809N), Mr. Jagdish Chhanabhai Vaghela (AFPPV2562Q), Ms. Usha Devi (AEXPU5745D

Key Facts

TypeNotification
SourceSecurities and Exchange Board of India
PublishedTuesday, 25 August 2026
Affected Population1.4 billion citizens, 63 million MSMEs

Key Numbers

GDP: $3.9 trillion (2025 est.)
Fiscal deficit target: 4.4% of GDP
GST collection: Rs 1.87 lakh crore/month avg

Key Authorities

Ministry of FinanceRBISEBIDEA

Key Stakeholders

TaxpayersBanks & NBFCsInvestors

Government Context

NDA IIIBJP-led NDA
Centre-Right
LeftCentreRight

Amendment History

1 change recorded for this policy.

DescriptionThursday, 27 August 2026via policyradar
SEBI Order for Compliance - Release Order for Recovery Certificate No. 9155 of 2026 against M/s Chandrima Mercantiles Limited (AABCC1666J), Mr. Pranav Kamleshkumar Trivedi (AWQPT8856R), Mr. Nayan Mahendrabhai Thakkar (BYHPT2277A), Mr. Kuntal Jitendra Trivedi (AKNPT2945A), Mr. Jigneshkumar P. Patel (AQEPP8019J), Mr. Rohit Bairwa (ELYPB0179Q), Mr. Ankit Ajitbhai Panchal (ECSPP4637J), Mr. Hardik Himmatbhai Munjpara (AULPM8809N), Mr. Jagdish Chhanabhai Vaghela (AFPPV2562Q), Ms. Usha Devi (AEXPU5745D
SEBI Order for Compliance - Release Order for Recovery Certificate No. 9155 of 2026 against M/s Chandrima Mercantiles Limited (AABCC1666J), Mr. Pranav Kamleshkumar Trivedi (AWQPT8856R), Mr.

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