Swan Energy Limited — Important, 19-02-2025: Updates

Swan Energy Limited reported violations of its Insider Trading Code involving designated persons Mr. Rahul Sharma and Mr. Amit Jain, as well as Mr. Sharma's immediate relative, Mrs. Bhoomika Sharma. The violations included trading of the company's equity shares during the closure period of the trading window. This was identified as the first occurrence, and the company has issued warnings to the involved parties, advising them against future violations. Mr. Rahul Sharma has reimbursed a profit of ₹19,26,664, Mrs. Bhoomika Sharma ₹24,391, and Mr. Amit Jain ₹6,249 to the Investor Protection and Education Fund. The company emphasized that stricter measures will be taken for any future infractions. This situation could reflect on the company's governance practices and requires close monitoring by investors.