Overview

• SEBI conducted a search at Avadhut Sathe’s Karjat-based academy starting around 7 a.m. on August 20, with the operation running for over 10 hours and reported follow-on activity into August 21.
• Officials seized trading records and digital devices for forensic analysis after securing court approval and carrying out prior reconnaissance.
• SEBI whole-time member Kamlesh Chandra Varshney confirmed a search on a prominent influencer and warned that giving stock calls, guaranteeing returns, or trading live data requires registration.
• The action is part of a broader drive targeting unregistered market educators following complaints of collusion with operators to push low-liquidity stocks.
• NDTV Profit reported developing estimates that alleged illegal gains could total Rs 400–500 crore as investigators review Sathe’s content and records.