Cancellation of Recovery Proceeding against Subhash Agarwal, [Defaulter] (PAN: AAEPA6699R) under Recovery Certificate No. 9296 of 2026 dated September 08, 2026 in the matter of trading-based stock recommendations using social media YouTube in the scrip of Sadhna Broadcast Ltd.

The Securities and Exchange Board of India (SEBI) has officially cancelled a recovery certificate against Subhash Agarwal, a defaulter involved in a case related to trading-based stock recommendations on YouTube for Sadhna Broadcast Ltd. This cancellation means the enforcement proceedings against him for this specific matter have been withdrawn.

This development is significant for investors as it signals a potential easing in regulatory pressure on the specific case. While it does not directly impact the operations of Sadhna Broadcast Ltd., it highlights the ongoing scrutiny of unverified stock tips on social media platforms. Investors should remain cautious and rely on verified sources for investment decisions to avoid falling prey to such schemes.

Moving forward, investors should watch for further updates on SEBI's enforcement actions against other entities involved in similar social media trading recommendations. This cancellation serves as a reminder to exercise due diligence before acting on any online financial advice.