Insider Trading Code violation reported: designated person's contra trades in 5 equity shares
Groww: violation of its Insider Trading Code reported.
By ScoutQuest · · 2 min read
- Aug 26, 2026 - Shares Bought
- 2 (Two) equity shares bought aggregating to Rs. 393.16
- Aug 26, 2026 - Shares Sold
- 2 (Two) equity shares sold aggregating to Rs. 392.26
- Sep 17, 2026 - Shares Bought
- 1 (One) equity share bought for Rs.191.83
What was reported
The company has submitted a report on a violation of its Code of Conduct for Prohibition of Insider Trading, under SEBI (Prohibition of Insider Trading) Regulations, 2015. The violation is described in the update as "Execution of Contra Trades in equity shares of the Company".
The person concerned is a Designated Person: Sankalp Yadav, designation Finance (Manager), functional role Business Finance. The update states he is not a promoter and does not belong to the promoter group.
What is a contra trade
A contra trade is a buy and a sell of the same company's shares within a short window. The Company's insider trading code does not allow designated persons to do this, because such trades can look like they are using internal information. It is a rule on trading conduct, not a statement about the company's business.
The trades
- On August 26, 2026 - 2 (Two) equity shares bought aggregating to Rs. 393.16
- On August 26, 2026 - 2 (Two) equity shares sold aggregating to Rs. 392.26
- On September 17, 2026 - 1 (One) equity share bought for Rs.191.83
What the company's Audit Committee noted
- The purchase and sale of 2 (Two) equity shares on the same day was an inadvertent contra trade, followed by a purchase of 1 (One) equity share on September 17, 2026.
- During the quarter, Mr. Yadav was moved to another, non-critical team, and given his revised role, his continuance on the DP list post August 01, 2026 was not warranted.
- As the DP list is updated at least twice a quarter, his name could not be removed before these trades took place, which resulted in this reportable instance under the Company's Code of Conduct.
- No profit was disgorged, as the trades were executed in loss.
Other points from the report
- Reasons recorded in writing for taking action: execution of contra trade.
- Details of previous instances of violations, if any, since last financial year: None.
- Amount collected for Code of Conduct violation(s): NA, so there is no transfer to the SEBI IPEF.
How a retail investor can read this
The update is a compliance report about one employee's small trades, totalling 5 equity shares across two dates, with each trade under Rs. 400 in value. The company has recorded that the trades were executed in loss and that no profit was disgorged, and that no amount was collected as a penalty. The disclosure itself is a reporting obligation on the company for a breach of its internal trading code by a designated person.
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More numbers
- Equity shares bought on August 26, 20262 (Two)
- Value of equity shares bought on August 26, 2026Rs. 393.16
- Equity shares sold on August 26, 20262 (Two)
- Value of equity shares sold on August 26, 2026Rs. 392.26
- Equity share bought on September 17, 20261 (One)
- Value of equity share bought on September 17, 2026Rs.191.83
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