, has ordered freezing of bank accounts of Mumbai-based stock broker Prrsaar Sampada and Chaubara Eats holding nearly ₹28.12 crore, accusing them of manipulating prices in stock futures and options through a coordinated trading scheme.
The companies allegedly booked large profits in stock options while taking matching losses in stock futures on the same shares, artificially moving prices in the process. The regulator examined 23 scrip-days in detail for both parties involved, covering stocks such as KFin Technologies, Swiggy, Prestige Estates, Bharat Dynamics, Godrej Properties, Waaree Energies, Jio Financial Services and Hindustan Zinc, among others. The trades took place between December 2025 and June 2026.
“The cross-segment price manipulation using stock options and stock futures, while also engaging in possible deceptive orders and coordinated/synchronised trading, is a novel manipulative, fraudulent and unfair trade practice employed by the suspects to deceive other market participants and profit from price fluctuation artificially induced by them in the market,” whole-time member Kamlesh Varshney said in an ex-parte interim order on Wednesday.
The regulator said Prrsaar stopped the activity in its own account after the National Stock Exchange first raised concerns, but the same pattern continued through Chaubara, as recently as August 2026.
Four individuals linked to the companies were Ved Prakash Gupta and Priti Gupta from Prrsaar, and Saroj Gupta and Gaurav Tomar from Chaubara.
SEBI has ordered an impounding of ₹22.06 crore linked to Prrsaar and ₹6.05 crore linked to Chaubara as illegal gains. All six parties are barred from trading in derivatives until that money is deposited in a fixed deposit account. They can still trade in regular stocks. Their demat accounts are frozen, and they must list all their assets within 15 days.
The six parties have 21 days to respond to SEBI or request a hearing.