S.J.S. Enterprises Limited has informed the Exchange regarding 'the action taken for Violation under Code of Conduct to Regulate, Monitor and Report Trading by Insiders'' of the Company under SEBI (PIT) Regulation, 2015'.
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S.J.S. Enterprises reported that Mr. Ganesh Rajan V, General Manager – Marketing & Sales (West Region), sold 3,250 shares on April 21, 2025 during the trading window closure period and without obtaining the mandatory pre-clearance, in violation of the company's Insider Trading Code under SEBI (PIT) Regulations, 2015. The shares, allotted under the company's ESOP scheme, were sold at ₹936.70 per share for a total of about ₹30.44 lakhs. The Audit Committee issued a warning letter and imposed a ₹1,00,000 penalty (₹25,000 for skipping pre-clearance and ₹75,000 for trading during the closed window). The penalty has been deposited with the SEBI Investor Protection and Education Fund, and the employee has been warned that future violations could lead to loss of future ESOP grants or stricter action.
This is a procedural insider trading code breach by a mid-level employee, not by a promoter or director, and the matter has already been self-reported and resolved with a modest penalty. For retail investors, the impact is minor — it reflects governance discipline by the company rather than any material business or financial concern.