SEBI Orders 13 Individuals, Including CERC Officials, To Deposit Rs 1.73 Crore

The Securities and Exchange Board of India (SEBI) passed an interim order against two officials of the Central Electricity Regulatory Commission (CERC) and related individuals on October 15, 2025.

The order cites trading in shares of the Indian Energy Exchange ahead of a policy decision likely to affect the company. SEBI has directed the 13 individuals involved to deposit 1.73 crore rupees (USD 19.68 million), which it terms “ill-gotten gains”. The regulator has also prohibited these entities from participating in the securities market. The order was released outside regular working hours. The action reflects SEBI’s ongoing monitoring of trading activities linked to sensitive policy information.