Reports minor PIT regulation violation; warning issued to designated person
SAATVIKGL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Saatvik Green Energy reported a violation of SEBI's Insider Trading Regulations involving a contra trade. An Assistant General Manager (Finance & Accounts) had a relative who sold shares, creating a contra trade violation. The trade value was under Rs. 10 lakhs and was deemed inadvertent and insignificant by the company. The company issued a warning letter to the designated person. No prior violations exist and no financial penalty was imposed. The matter was self-reported to BSE and NSE as per SEBI's prescribed format.
Minor self-reported compliance issue; unlikely to materially affect the stock as the violation was small, inadvertent, and resolved internally with a warning.