Disclosure as per Regulation 30 of SEBI Listing Regulations, 2015.
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SEBI has imposed penalties on two directors of Decipher Labs for violating the Prohibition of Insider Trading (PIT) Regulations, 2015, and PFUTP Regulations, via an order dated 31 July 2025, received by the company on 11 August 2025. Director Janakiram Ajjarapu faces a Rs. 60 lakh penalty (Rs. 50L under Section 15HA + Rs. 10L under Section 15HB), and Director Sushant Mohan Lal faces Rs. 35 lakh (Rs. 30L + Rs. 5L). Both directors have been barred from accessing the securities market for 3 years and have been ordered to disgorge unlawful gains — Rs. 7.90 crore from Ajjarapu and Rs. 2.31 crore from Lal — to be deposited in the SEBI IPEF account. The violations relate to Regulations 3 and 4 of PIT and PFUTP Regulations, along with LODR disclosure norms. The company has stated there is no material impact on its financial or operational activities and plans to consider an appeal before the Securities Appellate Tribunal (SAT).
This is negative news highlighting serious governance and compliance failures at the director level. While the company claims no operational impact, the Rs. 95 lakh in penalties, over Rs. 10 crore in disgorgement, and 3-year market bans on two directors signal significant regulatory risk that may weigh on the stock and investor confidence until the SAT appeal is resolved.