Sebi bars Elitecon and promoter for alleged price manipulation

April 1, 2026

Sebi has barred Elitecon International and promoter Vipin Sharma from the securities market for alleged stock price manipulation. The regulator ordered the return of ₹51 crore in illegal gains, citing a ‘pump-and-dump’ scheme and misleading disclosures, including a significant expansion of share capital and failure to report GST demands.

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