SEBI bars Prabhudas Lilladher from December 15 for 7 days, restricts taking new clients over compliance lapses
Market regulator Securities and Exchange Board of India (SEBI) has stopped stockbroker Prabhudas Lilladher Private Limited from taking on any new assignments for 7 days from December 15, 2025. This action follows allegations from SEBI that the firm broke rules regarding client funds, margins, reporting, and brokerage. SEBI restricts the Prabhudas Lilladher for taking new