SKF India Limited has informed the Exchange that one of the designated person of the company , has traded in the equity shares of the Company in the month of December and also has executed a contra-trade within the period of 6 months from the date of initial trade, thereby violating the Code of Conduct for Prevention of Insider Trading ( Code ) as adopted by SKF India Limited (the Company ) pursuant to the SEBI (Prohibition of Insider Trading) Regulations, 2015 ( Insider Trading Regulations . Necessary steps were taken by the company in this matter.
SKFINDIA · price
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Awaiting price reaction for this filing.
SKF India has informed the exchange that one of its designated persons traded in the company's equity shares in December and then executed a contra-trade within six months of the initial trade. This action violated the company's internal Code of Conduct for Prevention of Insider Trading, which is based on SEBI's 2015 Insider Trading Regulations. The company has self-reported the matter and stated that necessary steps have been taken internally. No SEBI penalty, market ban, or external enforcement action is mentioned in the filing.
This appears to be a minor self-reported internal compliance matter and is unlikely to have a material effect on the stock or shareholders. Investors should monitor for any follow-up action from SEBI or further disclosures from the company.