SMC Subsidiary Pulin Comtrade Settles SEBI NSEL Case for ₹9.1 Lakhs

SMC Global Securities Ltd's wholly-owned subsidiary, Pulin Comtrade Limited (formerly SMC Comtrade Limited), has received a Settlement Order from the Securities and Exchange Board of India (SEBI). This order pertains to settlement applications filed under the National Spot Exchange Limited (NSEL) Settlement Scheme 2025. The settlement involves a voluntary debarment from trading in a proprietary capacity and from taking up new clients in the commodity segment for six months, along with a payment of ₹9,10,780. The violation stemmed from facilitating transactions related to paired contracts on NSEL, which were found to be in contravention of the applicable regulatory framework.