'Update on reporting to Stock Exchanges regarding violations under Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 relating to the Code of Conduct (CoC) read with SEBI Circular No. SEBI/HO/ISD/ISD/CIR/P/2020/135 dated July 23, 2020'.
SBCL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.4 pts more than Nifty Microcap 250 and 0.6 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Shivalik Bimetal Controls has submitted an update on five insider trading code of conduct violations by its designated persons and their immediate relatives, which were reported to the stock exchanges between February and May 2025. The violations involved trading during closed trading windows, trading without pre-clearance, and a contra-trade, involving an Independent Director, a promoter group director, the Head of HR, and a DGM (Production). Following an audit committee review on May 29, 2025, the company decided to issue warning letters and impose penalties of Rs 10,000 per violation plus any profits earned. Total penalties of Rs 54,443 (including Rs 4,443 of disgorged profits in one case) have been deposited into SEBI's Investor Protection and Education Fund (IPEF) account via transactions completed on June 3, 4, and 9, 2025.
The violations are procedural breaches of the insider trading code by employees and directors, not market manipulation, and the company has self-disclosed and settled them with nominal penalties. For shareholders, the financial impact is negligible, but the episode highlights governance lapses around trading-window compliance that investors should track.