Jindal Saw Limited has informed the Exchange regarding 'Reporting of violations under SEBI (Prohibition of Insider Trading) Regulations, 2015 '.
JINDALSAW · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Jindal Saw Limited's Audit Committee reported a violation of its insider trading code of conduct against Mr. Om Prakash Sharma, a Consultant. On February 13, 2026, Sharma sold 15,000 equity shares worth approximately Rs. 28.25 lakh without obtaining the required pre-clearance. The shares were from exercising Stock Appreciation Rights granted during his employment. Sharma stated he did not possess any price sensitive information at the time of sale and the trade was inadvertent. The company imposed a one-time penalty of Rs. 10,000, which was deposited into SEBI's Investor Protection and Education Fund. There were no prior violations on record.
This is a relatively minor procedural violation. The company acted promptly by reporting and penalizing the breach, which demonstrates compliance governance. The penalty amount is small and the employee claimed no insider knowledge, suggesting limited direct impact on stock price.