Shivalik Bimetal Controls Limited has informed the Exchange regarding ''Reporting Regarding Violations Under Securities And Exchange Board Of India (Prohibition Of Insider Trading) Regulations, 2015'''.
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Shivalik Bimetal Controls has reported a Code of Conduct violation under SEBI's Insider Trading Regulations involving Mrs. Nisha Kumari, the immediate relative of Mr. Padam Nabh Singh, a Designated Person (DGM Production). Mrs. Kumari purchased 1,267 equity shares of the company between April 17 and April 23, 2025 at average prices ranging from Rs. 440.69 to Rs. 453.77, and then sold 267 shares on April 24, 2025 at Rs. 457.29. The two violations recorded are: (a) trading while the trading window was closed without obtaining pre-clearance, and (b) executing a contra trade (buying and then selling within a short period). No prior instances of such violations were reported. The company has stated that action, including any penalty amount, is pending and will be decided by the Audit Committee.
This is a relatively low-impact compliance disclosure involving a small-value trade (roughly Rs. 5.7 lakh total) by a family member of an employee, not a promoter or director. The Audit Committee is yet to decide on the penalty, and SEBI has not initiated any separate action. Investors should monitor for the Audit Committee's decision, but the news is unlikely to have a material effect on the stock price.