Insider trading code violation reported: 300 shares bought in trading window closure
The company reported a Code of Conduct violation under SEBI's Insider Trading rules.
By ScoutQuest · · 1 min read
- Violation Type
- Code of Conduct violation under SEBI Insider Trading rules
- Shares Acquired
- 300 shares
- Transaction Value
- Rs. 191127
- Transaction Date
- 18-09-2026
- Action Taken
- Warning letter issued
What happened
The company shared a report with BSE and NSE on a violation of its Code of Conduct framed under SEBI (Prohibition of Insider Trading) Regulations, 2015, in the format prescribed by SEBI's circular of July 23, 2020.
Who was involved
- Designated Person: Mr. Rahul Ashit Shroff, Chief Financial Officer and Finance Director, whose functional role is managing financial operations. He is not a promoter or part of the promoter group.
- The trade was by his immediate relative, Mrs. Jamini Ashit Shroff (deemed Designated Person).
The trade
- Date: 18-09-2026
- 300 shares acquired
- Total value Rs. 191127
- The shares were acquired during the trading window closure period, which is when designated persons and their relatives are barred from dealing in the company's shares.
Company's action
A warning letter was issued to the Designated Person. The reason recorded in writing was that the amount of the trade was insignificant and the trade was made inadvertently, without intention of violating the PIT Regulations or making undue gains.
Other points
- Intimation under Regulation 7 was marked Not Applicable as the traded value is less than Rs.10 lakhs in the calendar quarter.
- No amount was collected for the violation, so no transfer to SEBI's Investor Protection and Education Fund arose.
- Previous instances of violation since last financial year: None.
This is a self-reported governance disclosure. It involves a small-value transaction and an internal warning rather than any monetary penalty.
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More numbers
- Shares acquired300 shares
- Value of tradeRs. 191127
- Reporting threshold per calendar quarterRs.10 lakhs
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