Intellect Design Arena Limited has informed the Exchange regarding Trading Plan pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
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Intellect Design Arena has informed the exchanges about a trading plan filed by its Chief Financial Officer, Ms. Vasudha Subramaniam, under SEBI's Prohibition of Insider Trading Regulations. The plan, approved by the Board on May 9, 2025, covers the period from September 10 to September 14, 2025. Under this plan, the CFO intends to sell 2,000 equity shares of the company at a price limit of Rs. 800 per share, executed on the market in one or more tranches. The plan is irrevocable once approved and is subject to a mandatory 120-day cool-off period. It will not be implemented if any unpublished price-sensitive information is in possession at the time of commencement.
The CFO signalling a planned sell of 2,000 shares at a price floor of Rs. 800 may be viewed as a modest negative sentiment by some retail investors, though the quantity is small relative to overall shareholding and the plan is pre-disclosed as required by regulation.