SEBI (Securities and Exchange Board of India) issued an administrative warning to DAM Capital Advisors due to operational deficiencies in its institutional broking business. The warning followed an inspection conducted by SEBI between February 1, 2024, and August 31, 2024, prior to the listing of DAM Capital’s equity shares. SEBI’s deficiency letter, dated March 20, 2025, urged the company to be more cautious in its operations moving forward.
DAM Capital responded by informing the stock exchange that it has already addressed the issues raised by SEBI. The company has implemented the necessary compliance measures to ensure its operations align with regulatory norms and maintain vigilance in the future.
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