Archive · 30 Jul 2025
SEBI Fines 11 for Manipulating Darshan Orna Ltd Share Price
Some people were using social media to make the price of a company's stock, called Darshan Orna Ltd (DOL), go up.
They shared messages to get others to buy the stock, and then they sold their own shares for a profit.
The government found out and fined them about 4 crore rupees because they broke the rules of fair trading.
SEBI fined 11 individuals a total of ₹3.87 crore for manipulating Darshan Orna Ltd (DOL) share prices.
The manipulation occurred between September 2021 and June 2022, using social media.
A multi-layered scheme involved share accumulation, funding, and message circulation via Telegram.
Share prices of DOL increased from ₹77 to ₹146.7 during the period.
The individuals violated PFUTP norms and collectively profited ₹2.51 crore.
- Who
- SEBI and 11 individuals involved in manipulating the share price of Darshan Orna Ltd.
- What
- SEBI fined 11 individuals for manipulating the share price of Darshan Orna Ltd (DOL).
- When
- The manipulation took place from September 2021 to June 2022.
- Where
- Not explicitly mentioned.
- Why
- For manipulating the share price of Darshan Orna Ltd through social media and violating trading regulations.
Illegal Activity
Compliance with Laws
Manipulation of stock prices
Illegal Activity
Violation of PFUTP norms. Illegally manipulated stock prices through social media, causing losses to investors.
Compliance with Laws
N/A
- Regulator
- SEBI
- Fine Amount
- ₹3.87 crore
- Number of Individuals Fined
- 11
- Company
- Darshan Orna Ltd (DOL)
- Manipulation Period
- September 2021 to June 2022
- Profit from Manipulation
- ₹2.51 crore
