Sebi issues demand notice against three individuals in Akash Infra case
Sebi issued a demand notice under Recovery Certificate No 9305 of 2026 against three individuals regarding Akash Infra Projects Limited.
Growth Brief DeskPublished 1 min read
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Key facts
- Sebi issued a demand notice dated October 16, 2026, under Recovery Certificate No 9305 of 2026.
- The notice targets Amesh Surajlal Jaiswal, Arvind Shukla, and Jalaj Agrawal jointly and severally.
- The recovery action was initiated in the matter of Akash Infra Projects Limited.
According to the Securities and Exchange Board of India, a notice of demand dated October 16, 2026, has been issued under Recovery Certificate No 9305 of 2026. The action targets Amesh Surajlal Jaiswal, Arvind Shukla, and Jalaj Agrawal.
The demand has been raised jointly and severally against the three named individuals in the matter of Akash Infra Projects Limited.
Why it matters
Demand notices and recovery certificates issued by the Securities and Exchange Board of India mark a strict regulatory step to enforce compliance and collect pending financial dues from individuals linked to listed entities. For investors and market participants, such enforcement actions highlight the regulator's ongoing oversight in corporate governance and accountability. When individuals are held jointly and severally liable, it means authorities can pursue any or all of the named parties to recover the full mandated amount, ensuring that regulatory penalties and recovery orders are enforced efficiently.
- Regulatory Policy
- SEBI
- Stock Market