Insider Trading Code violation: caution issued to designated person for trades without pre-clearance
EPL Ltd has disclosed a violation of its Insider Trading Code of Conduct by one of its designated persons.
By ScoutQuest · · 2 min read
- Shares Sold
- 6,686 equity shares sold on August 19, 2026 without obtaining pre-clearance approval
- Shares Purchased
- 1,000 equity shares purchased on September 1, 2026 without pre-clearance approval and during the contra-trade restriction period
- Action Taken
- Caution issued; trades described as inadvertent and resulted in no profit or loss to him
EPL Ltd has informed the exchanges about a violation of its Insider Trading Code of Conduct by one of its designated persons, reported in the format prescribed for such disclosures.
Who is involved
- The designated person is Mr. Rajiv Hargopal Verma, President – Technology & Printing.
- His functional role is stated as Technology & Printing.
- The update records that he is not a promoter and does not belong to the promoter group.
- The reporting is made by EPL Ltd in its capacity as a listed company, for the scrip BSE: 500135 and NSE: EPL.
What the violations were
- On August 19, 2026, he sold 6,686 equity shares of the Company without obtaining the pre-clearance approval.
- On September 1, 2026, he purchased 1,000 equity shares of the Company without obtaining the pre-clearance approval and during the contra-trade restriction period.
- The company describes both as inadvertent and unintentional violations of the SEBI PIT Regulations and of its Insider Trading Code of Conduct.
Figures as stated in the update
- Sale on 19/08/2026: 6,686 shares, value of shares shown as Rs. 252.49.
- Purchase on 01/09/2026: 1,000 shares, value of shares shown as Rs. 246.70.
- The update notes that the values indicated are the average value of transactions.
Action taken
- The Company conducted an internal review of the trades.
- It issued a 'caution' to the designated person.
- The reasons recorded in writing state that the trading activities were inadvertent violations, substantiated by the fact that they did not result in any profit or loss to the designated person.
Other details recorded
- No previous instances of violations since the last financial year.
- No amount was collected for the code of conduct violation.
How a retail investor can read this
- It is a disclosure about an individual designated person's compliance with internal trading rules, not about the company's business or financials.
- The only action reported is a 'caution' issued to that person.
- The trades themselves are described in the update as having resulted in no profit or loss to the person, and the traded quantities and values are as given above.
- The nature of the lapse relates to process requirements: pre-clearance before trading and the restriction on contra-trades.
Also from EPL
EPL Ltd shareholder buys 2.0406% stake, holding rises to 9.3993%
24 Oct 2026
Application shared with BSE and NSE for reclassification of Epsilon Bidco from promoter to public category
23 Oct 2026
Board approves Epsilon Bidco's reclassification from promoter to public category
21 Oct 2026
More numbers
- Equity shares sold on 19/08/20266,686
- Equity shares purchased on 01/09/20261,000
- Value of shares (Rs.) on 19/08/2026252.49
- Value of shares (Rs.) on 01/09/2026246.70
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