"Noticees (Amit and Mansi) are liable to disgorge the entire amount of Rs 10.41 lakh impounded vide ad-interim ex-parte order dated November 20, 2015," the regulator said.
The regulator had conducted the investigation from August to October 2009 to examine any possible violations of Sebi norms.
During the probe, Sebi found that both entities traded in the scrip of JPL during the declaration of interim dividend and announcement of financial results for the quarter ended September 2009.
Jaiswal had prior knowledge of the promoter group entity's decision to sell such substantial quantity of the scrip that could impact the company's share price.
In a fresh order, the regulator said Amit Jaiswal and Mansi Jaiswal have traded in the scrip while in possession of two UPSI i.e. declaration of interim dividend and sale of shares held by Kanchan.
Accordingly, Sebi directed that Rs 10.41 lakh impounded by it through 2015 order, shall be disgorged and credited to the Investor Protection and Education Fund established by the regulator.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)