SEBI v. Anil Finature Pvt Ltd and others (Omnitech Infosolutions price rise, 2022)

Judgment entered

✓ Checked against the primary document on October 8, 2026. The library's summary, tags and figures for this record were compared with the regulator's own document by an AI model (Claude) following written instructions, in a single reading of the order; an independent second reading of 60 SEBI records agreed on every field for 56, the four misses being penalty amounts; a later sample of 50 of the SEBI records added on 9 October agreed on every field for 46. No lawyer has reviewed them. A checked record can still contain errors, and checked does not mean endorsed. See how we check records or report a correction.

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On 28 October 2022 a SEBI adjudicating officer imposed a joint and several penalty of Rs 25 lakh on two companies and three individuals for tiny-quantity buy orders and linked trades that the order finds lifted the price of Omnitech Infosolutions shares. The case grew from a complaint against the company's promoters and associates.

The record

What was ordered

Civil penalty

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Disgorgement

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Prejudgment interest

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Total relief

—

Alleged gain

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Penalty as published

2.5m INR

A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars. This regulator states penalties in INR. The figure is recorded as published and is not converted, so it does not appear in the USD totals or medians used elsewhere on this site.

What is alleged to have happened

SEBI investigated Omnitech Infosolutions Ltd, listed on BSE and NSE, for the period January 2012 to December 2014 after a complaint of manipulation by its promoters and their associates. The price rose from about Rs 110 in September 2012 to a high of about Rs 204 in early January 2013 and then fell steadily to under Rs 9 by the end of 2014. The shares last traded in September 2017.

SEBI identified a group of 63 connected entities, including 17 promoters. The five noticees in this order were two companies, Anil Finature and Jayneel Securities, and three individuals, two of them directors of Anil Finature and one the director of Jayneel Securities. The notice alleged that Anil Finature placed 278 buy orders for one to ten shares each, many of which raised the last traded price, and that it and Jayneel Securities traded small quantities with each other in a way that helped push the price up, including a trade for one share at Rs 200 when the previous day's last price was Rs 177.75.

The officer held that the noticees manipulated the price and created a misleading appearance of trading in breach of section 12A of the SEBI Act and the fraud-prevention rules in the PFUTP Regulations. The order notes no quantifiable gain or investor loss and no earlier default, and stresses the need for deterrence.

The penalty of Rs 25 lakh under section 15HA is imposed on all five noticees jointly and severally, with the usual 45-day payment period.

The record does not show whether the order was appealed, how the amount is split among the noticees, or what became of the promoters, who are not among the noticees of this order.

This library tags the matter as price manipulation. The tagging is ours, not the regulator's.

For the regulator's own account of the facts, read the primary document linked above. This page deliberately summarises the structured record rather than reproducing the order.

What technique is this, and how does it work?

This action is tagged with one technique in our taxonomy. The tagging is ours: regulators charge statutory provisions, not technique names, so the mapping is an editorial judgement described in our editorial policy.

• Price manipulation — see how it works, what statute it engages, and every other action tagged the same way.

Timeline

1. 2022-10-28 SEBI order

Primary documents

Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.

• SEBI order

The linked release is published by the issuing regulator under its own terms. Our summary and narrative above are our own writing.

Related actions

Other actions in the library sharing at least one technique tag with this one.

Record added October 8, 2026. submit a correction.