# SEBI orders recovery against Rupee Services, four individuals

2026-08-13T16:07:51+00:00 | Governance | Indian Opinion Desk

Corroboration: 1 independent outlet

SEBI issued recovery orders on August 14 against four individuals, Jigneshkumar Patel, Girish Parmar, Sagarkumar Dataniya, and Dhaval Parmar, for trading in the scrip of DU Digital Technologies. A day earlier, it ordered recovery from Rupee Services Private Limited for dealing in illiquid stock options at BSE. The orders, under Recovery Certificates, signal the regulator’s push to enforce past penalties.

## Coverage

- sebi.gov.in <https://www.sebi.gov.in/enforcement/recovery-proceedings/aug-2026/general-remittance-order-dated-august-13-2026-issued-under-rc-no-9161-of-2026-against-rupee-services-private-limited-in-the-matter-of-dealing-in-illiquid-stocks-options-at-bse_103586.html>
- sebi.gov.in <https://www.sebi.gov.in/enforcement/recovery-proceedings/aug-2026/general-remittance-order-dated-14-08-2026-in-recovery-certificate-no-9169-of-2026-issued-against-jigneshkumar-purshottamdas-patel-pan-aqepp8019j-in-the-matter-of-trading-activities-of-certain-ent-_103685.html>
- sebi.gov.in <https://www.sebi.gov.in/enforcement/recovery-proceedings/aug-2026/general-remittance-order-dated-14-08-2026-in-recovery-certificate-no-9170-of-2026-issued-against-girish-kantilal-parmar-pan-audpp6127a-in-the-matter-of-trading-activities-of-certain-entities-in-t-_103687.html>
- sebi.gov.in <https://www.sebi.gov.in/enforcement/recovery-proceedings/aug-2026/general-remittance-order-dated-14-08-2026-in-recovery-certificate-no-9171-of-2026-issued-against-sagarkumar-pravinchandra-dataniya-pan-bjipd7414f-in-the-matter-of-trading-activities-of-certain-en-_103689.html>
- sebi.gov.in <https://www.sebi.gov.in/enforcement/recovery-proceedings/aug-2026/general-remittance-order-dated-14-08-2026-in-recovery-certificate-no-9172-of-2026-issued-against-dhaval-girishbhai-parmar-pan-epzpp2397f-in-the-matter-of-trading-activities-of-certain-entities-in-_103691.html>

Tags: BSE, enforcement, illiquid stock options, recovery order, Rupee Services, SEBI
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