The Securities and Exchange Board of India (SEBI) has barred 10 entities, including Ashok Jain, from trading in the shares of DIL Limited.
The regulator’s action follows an investigation into alleged fraudulent preferential allotment and price manipulation involving the company's stock.
The examination covered transactions between September 2024 and December 2025, with the regulator also tracing fund flows beyond this period to establish the scope of the alleged scheme.
The ban prevents the named entities from participating in the securities market for DIL shares, effectively freezing their ability to trade the instrument.
This enforcement action highlights SEBI’s continued scrutiny of corporate governance and market integrity in Indian equities.
The allegations of preferential allotment suggest attempts to manipulate share ownership or pricing, which can distort market signals and harm other investors.