HEG Limited has informed the Exchange regarding 'Annual Secretarial Compliance Report for the year ended March 31, 2026'.
HEG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
HEG Limited has filed its Annual Secretarial Compliance Report for FY 2025-26, conducted by Jain Viney & Associates. The report indicates that the company largely complied with applicable SEBI regulations. However, a key observation was made regarding insider trading violations by three Promoter Group members (Mr. Nivedan Churiwal, Ms. Shubha Churiwal, and Ms. Sudha Churiwal), who traded in company shares without obtaining required pre-clearance and failed to make timely disclosures under SEBI's Insider Trading Regulations. The company has taken corrective action including issuing show cause notices, directing disgorgement of proceeds to SEBI's IPEF account, and restricting further trading by these individuals. Additionally, the company paid a fine of Rs. 1,01,480 each to NSE and BSE for a prior year non-compliance with Regulation 17(1A) regarding appointment of a director above 75 years of age.
The promoter group insider trading issue raises governance concerns as it involves insiders bypassing compliance procedures. However, the company's swift corrective actions including disgorgement demonstrate accountability. Shareholders should monitor for any further regulatory actions from SEBI regarding the insider trading matter.