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The Securities and Exchange Board of India (SEBI) on Friday (28 August 2026) barred Trafiksol ITS Technologies Limited and its promoters, Jitendra Narayan Das and Poonam Das, from accessing the securities market for one year and imposed penalties totalling Rs 1.05 crore, with Trafiksol fined Rs 30 lakh, Jitendra Das Rs 50 lakh and Poonam Das Rs 25 lakh. SEBI's investigation found that Trafiksol had inflated its 2023 to 24 revenue by Rs 22.01 crore through transactions routed via related entities, and identified fictitious purchases worth Rs 8.95 crore, in connection with the company's proposed Rs 44.87 crore SME initial public offering. The regulator directed the company and its promoters to pay the penalties within 45 days.