Insider trading rule violations reported, warning letters issued

Insider-trading chargeRegulatory & Legal View source PDF Explain this filing

RUBICON · 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

+4.0%Reaction day

₹629.70

prior close

₹645.95

announcement price

In-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.1%+4.1% vs market

Pharmaceuticals peers, median of 157sector-0.1%+4.2% vs sector

On the reaction day the stock moved 4.1 pts more than Nifty Microcap 250 and 4.2 pts more than its Pharmaceuticals 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

+0.1

10m

+0.1

15m

+0.1

30m

+1.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.0-0.1+4.1-0.1+4.2

Next day

+13.0-0.2+13.2-0.5+13.5

+18.9+0.4+18.5-0.4+19.3

+14.8-0.4+15.2-1.1+15.9

+10.4-0.6+10.9-1.4+11.8

+10.2-0.9+11.1-1.6+11.8

+4.4-3.0+7.4-3.3+7.7

15d

-1.2-3.9+2.7-3.4+2.2

+1.4-4.8+6.2-4.3+5.7

+7.7-7.8+15.4-6.9+14.5

+24.7-7.2+31.9-8.8+33.4

UpDownMarket · Nifty Microcap 250Sector · Pharmaceuticals peers, median of 157Pending

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

AI summary

Rubicon Research reported two minor insider trading violations. Manager Amol Masal sold 30 shares worth Rs 18,090 via a contra trade during trading window closure. VP Romola Pinto and her relative Vikram Pinto bought 20 shares worth Rs 12,446 during window closure. Both received warning letters; company said trades were inadvertent with no intent to gain. No prior violations.

Likely market impact

Minor, inadvertent trades flagged with warning letters only. Low risk to shareholders; company acted transparently per SEBI rules.