SAT stays SEBI penalty on Jain Resource Recycling's Promoter over insider trading

Sebi PenaltySebi InvestigationInsider Trading ChargeCourt Stay ObtainedRegulatory & Legal View source PDF Explain this filing

JAINREC · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+2.3%Reaction day

₹387.00

prior close

₹387.10

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-1.0%+3.4% vs market

Metals & Mining peers, median of 67sector · sector level-0.8%+3.1% vs sector

On the reaction day the stock moved 3.4 pts more than Nifty Smallcap 250 and 3.1 pts more than its Metals & Mining peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.4

10m

-0.6

15m

-1.0

30m

-1.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.3-1.0+3.4-0.8+3.1

Next day

+3.4-2.9+6.3-2.8+6.2

+4.2-5.0+9.1-6.1+10.3

+7.5-3.6+11.1-4.7+12.3

+6.8-3.9+10.7-5.2+12.0

+7.8-6.1+13.9-6.7+14.5

+12.2-4.5+16.7-5.7+17.9

15d

+12.8-11.3+24.1-12.6+25.4

+19.4-8.7+28.1-11.9+31.3

+8.5+4.2+4.4+7.2+1.3

+2.3+6.6-4.3+5.5-3.2

UpDownMarket · Nifty Smallcap 250Sector · Metals & Mining peers, median of 67Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

SEBI had imposed a penalty on Mr. Kamlesh Jain, Promoter and MD, on December 12, 2025 for alleged insider trading in Refex Industries shares. He appealed to SAT, which on January 30, 2026 admitted the appeal and stayed recovery of the penalty, subject to depositing 50% of the amount within four weeks. SEBI has six weeks to reply. Next hearing April 23, 2026. No direct financial impact on the company.

Likely market impact

Positive relief for the promoter as penalty recovery is stayed. No direct impact on the company. Next hearing April 23, 2026.