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StableHigh2026-07-29

SEBI attaches accounts of defaulters in DU Digital trading probe

SecuritiesAlertMarket IntegrityCapital MarketsIndiaConf: High
Regulatory Event

SEBI issued attachment notices against Jigneshkumar Purshottamdas, Dhaval Girishbhai Parmar, and Girish Kantilal Parmar over trading in DU Digital Technologies scrip.

Analysis

SEBI issued multiple bank and demat account attachment notices under recovery certificates against individuals linked to trading activities in DU Digital Technologies (now DU Digital Global). Actions reflect continued enforcement of recovery proceedings against market manipulation participants.

Relevance

Attachment notices create KYC, sanctions-style screening, and account freezing obligations for banks and brokers.

Required Action

Action Required

Screen client and counterparty exposures against SEBI defaulter and attachment lists tied to the DU Digital matter.

Justification

Coordinated recovery actions on small-cap scrip manipulation reinforce SEBI's enforcement pipeline against connected entities.

Control Commentary

Update watchlists with SEBI-attached defaulters and ensure demat/bank account operations promptly implement freezing directives linked to DU Digital recovery certificates.

Source

Notice of Attachment of Bank Accounts and Demat Accounts with AP No. 15604 & 15605 of 2026 dated July 23, 2026 against Jigneshkumar Purshottamdas [Defaulter] in the matter of Trading activities of certain entities in the scrip of DU Digital Technologies Limited (now DU Digital Global Limited), under Recovery Certificate No. 9193 of 2026.

RH-2026-07-29-031