Ambuja Cements Limited has informed the Exchange regarding violation under Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, as amended.
AMBUJACEM · price
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On the reaction day the stock moved 1.3 pts more than Nifty 100 and 1.1 pts more than its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Ambuja Cements has disclosed a violation of SEBI's insider trading regulations by one of its Designated Persons, Mr. Kiran Kotian (Finance - Digital). Mr. Kotian traded in 250 equity shares of the company worth Rs. 1,29,890 during the trading window closure period, including contra trades. The company determined the trade was unintentional but still violated the company's Code of Conduct. As a result, the company issued a warning letter, levied a penalty of Rs. 25,005, and ordered disgorgement of profits amounting to Rs. 1,595. Both amounts were deposited to SEBI's Investors Protection and Education Fund. This was a first-time violation with no prior instances on record.
The violation is relatively minor given the small trade value and the company's swift internal action. The self-reporting nature and unintentional classification suggest limited direct stock price impact, though it highlights compliance oversight within the organization.