This is to inform you that on 26th May, 2026, the Company became aware that certain Unpublished price sensitive information ("UPSI") relating to the Company was shared/disclosed by the ....
BHARATGEAR · price
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Bharat Gears Limited disclosed that on 26th May, 2026, it became aware that the Joint Managing Director (JMD) shared certain Unpublished Price Sensitive Information (UPSI) with third parties and his personal lawyer, Ms. Prerna Mahajan, who are not on the Board of Directors. The UPSI related to draft annual financial results and financial statements for the quarter and year ended 31st March, 2026, which were scheduled for Board approval on 30th May, 2026. The company acknowledged this sharing of UPSI as a violation of its Code of Conduct for Prevention of Insider Trading. The company has sent a notice to the advocate to ensure the information is not further disclosed or disseminated, and will take appropriate actions based on the outcome of an inquiry and any regulatory directions.
This is a significant compliance breach that could attract SEBI scrutiny and potential insider trading charges against the JMD, which may negatively impact investor sentiment and the company's stock price.