Designated Person violates PIT Regulations, penalty of Rs 30,000 imposed
BIKAJI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.0 pts more than Nifty Smallcap 250 and 2.5 pts more than its Packaged Foods peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Bikaji Foods disclosed that Mr. Pradeep Soni, Head of Direct Procurement, sold 5,500 shares (about Rs 39 lakh) between Nov 24 and 27, 2025 without obtaining pre-clearance, violating the insider trading code of conduct. This was a first-time violation due to lack of awareness, not during trading window closure, and no unpublished price sensitive information was involved. The Audit Committee imposed a Rs 30,000 penalty plus a warning letter. The penalty was paid to SEBI's investor protection fund.
Minor procedural violation by a mid-level employee. Company acted swiftly with penalty and warning. No material impact on shareholders expected.