Please find enclosed herewith report submitted for violation of Code of Conduct by Designated Person under SEBI PIT Regulation.
BBOX · price
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Black Box Limited has filed a report with BSE and NSE disclosing a violation of its Insider Trading Code of Conduct. A Designated Person named Paras Jain, Associate Vice President (Corporate Control & Consolidation), purchased 1 equity share of the company on August 28, 2025 for Rs. 464.80. The violation was classified as a contra trade, meaning the trade was executed during the six-month prohibited period following a previous trade. The company issued a warning letter to the employee, stating the trade was inadvertent, made without intention to violate SEBI PIT Regulations or to make any undue gain. The value of the trade was described as insignificant. No previous violations were recorded, and no penalty or amount was collected or transferred to SEBI.
This is a minor compliance matter involving a single share trade. The company has handled it internally with a warning letter, and no financial penalty or formal SEBI action appears to have been taken. The filing does not suggest any material risk to shareholders or stock price.