R R Kabel Limited — Important, 20-02-2025: Updates

R R Kabel Limited has reported a violation of its Code of Conduct regarding insider trading regulations. Vice President – Sales, Mr. Vivek C M, sold 250 shares on February 3, 2025, for Rs. 3,09,767 at a weighted average price of Rs. 1,239.0676 per share, followed by the sale of 272 shares on February 11, 2025, for Rs. 3,16,415 at Rs. 1,163.2908 each. The sales were conducted without the necessary pre-clearance and disclosures mandated by the company's policy and SEBI regulations. Consequently, R R Kabel issued a formal warning to the designated person, emphasizing compliance in the future, and imposed a penalty of Rs. 2,500, which has been transferred to the SEBI IPEF account. The violation was deemed unintentional and due to a financial emergency, with assurances that no further trades were executed and no unpublished price-sensitive information was involved. Keep an eye on any further developments regarding compliance adherence.