Sebi bars Avadhut Sathe, academy from markets, imposes ₹11.5 crore penalty
Mint 1 hr ago·23 Oct 2026, 5:16 pm
The Securities and Exchange Board of India (Sebi) has barred Avadhut Sathe and his company, ASTAPL, from the securities market for five years. The regulator has also imposed a penalty of ₹11.5 crore. The action follows an investigation into the company's operations, which Sebi found to be unregistered and operating without proper authorization.
This order is significant for investors as it confirms that ASTAPL was not a legitimate investment advisory firm. The regulator has directed the company to disgorge ₹546.17 crore to eligible investors who paid for these services. This move protects retail investors from unregistered entities and reinforces the importance of verifying a firm's registration before investing.
Investors should be cautious and ensure they only deal with registered market intermediaries. For those who have invested with ASTAPL, the order provides a clear path to potential refund. Moving forward, market participants must adhere to Sebi's regulations to avoid similar penalties.
Excerpt from Mint
In a final order issued on Friday, the market regulator directed ASTAPL and its founder Avadhut Dinkar Sathe to disgorge and refund ₹ 546.17 crore to eligible investors and participants who paid for its unregistered services. The Securities and Exchange Board of India (Sebi) has imposed penalties totalling ₹ 11.5…Read the original at Mint
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