What happened
The Securities and Exchange Board of India (SEBI) issued a completion order on 2 November 2026 against Subair P, whose Permanent Account Number (PAN) is listed as BDBPP7195N. The order relates to Inditrade Capital Limited, formerly known as JRG Securities Ltd.
It was issued under RC No. 9306 of 2026 and published in the recovery proceedings section of the SEBI website.
What it means for you
The notice does not, in the details published on the page, spell out the amount involved or the terms of the completion. Readers should not draw conclusions beyond what the order itself states.
If you dealt with Inditrade Capital or JRG Securities in the past, the full order on the SEBI website is the place to check details. Your PAN is a unique tax identifier, and regulators list it in such orders to identify the person named.
Background
SEBI runs recovery proceedings to collect money owed under its orders, such as penalties or disgorgement of gains. The regulator issues a recovery certificate, identified by an “RC” number, to start that process. A completion order is typically issued when such a proceeding is closed, though this notice does not explain its reasons.
Inditrade Capital Limited was earlier known as JRG Securities Ltd., according to the title of the order.
