Salzer Electronics Limited has informed the Exchange regarding - Reporting of Violation relating to Code of Conduct under SEBI (Prohibition of Insider Trading) Regulations, 2015
SALZERELEC · price
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On the reaction day the stock moved 3.2 pts less than Nifty Microcap 250 and 1.6 pts less than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Salzer Electronics reported six separate violations of its Insider Trading Code by designated persons, reviewed by the Audit Committee and Board on March 10, 2026. The violations include contra trades (buying and selling within a restricted period), trading during the trading window closure, and failure to report trades exceeding Rs 10 lakh in a quarter. The individuals involved include two directors (one retired), the Company Secretary, a Vice President, a General Manager, and a Manager. No evidence of insider information (UPSI) misuse was found in any case, and the company assessed most lapses as inadvertent. Actions taken include formal warning letters, full disgorgement of profits to SEBI's Investor Protection and Education Fund, and monetary penalties totaling Rs 3,25,000 across three cases (Rs 75,000 each for non-disclosure and Rs 50,000 each for window-closure trades). Total amount remitted to SEBI is approximately Rs 8.77 lakh.
The violations are largely technical with no UPSI involvement, and the financial impact is relatively small. While the news highlights governance and compliance weaknesses among senior employees and directors, the company's swift self-reporting, disgorgement, and penalties suggest the matter is being contained and is unlikely to materially affect the stock price.