KFin Technologies settles SEBI case with ₹87.75 lakh payment

KFin Technologies has settled adjudication proceedings with SEBI by paying ₹87.75 lakh, over alleged lapses in due diligence and compliance under RTA regulations. The case related to failures in processing share demat requests and not marking lakhs of folios lacking PAN or bank details for enhanced due diligence. The settlement, approved by SEBI’s panel on August 8, 2025, was confirmed with payment on August 25, 2025, bringing the matter to a close. #KFinTech #SEBI #Settlement #Compliance #StockMarket