Inox Green Energy Services Limited has informed the Exchange regarding 'Reporting Under SEBI (Prohibition Of Insider Trading) Regulations, 2015'.'.
INOXGREEN · price
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Inox Green Energy Services has disclosed a minor violation of the company's Insider Trading Code by its Independent Director, Shri Brij Mohan Bansal. He executed a 'contra trade' — meaning an opposite transaction in the company's equity shares within six months of a prior trade — which is prohibited under the company's Code of Conduct framed under SEBI's Prohibition of Insider Trading Regulations. The company has issued a warning letter to the director and noted this was his first instance of non-compliance. According to the filing, the trade was executed inadvertently, no unpublished price-sensitive information (UPSI) was in his possession at the time, and the trading window was open. No monetary penalty has been levied and there are no prior instances of violations in the last financial year.
This is a routine compliance disclosure with only a warning-level action and no fine. Given the company states the violation was inadvertent, involved no UPSI, and was a first-time occurrence, the likely impact on shareholders and the stock price is minimal.