Shivalik Bimetal Controls Limited — Important, 18-02-2025: Updates

Shivalik Bimetal Controls Ltd. has reported violations concerning insider trading regulations related to its Code of Conduct. Notably, transactions involving purchases during the trading window closure were executed by designated persons and their immediate relatives without prior approval. Mr. Raghav Sood purchased 160 shares at Rs. 484.05 each, while Mr. Ajay Kumar Anchal acquired 2,150 shares at Rs. 463.89 each, both on the same date. The company’s Audit Committee is currently reviewing the actions to be taken, with outcomes yet to be communicated to stock exchanges. These incidents raise red flags regarding compliance and governance standards, suggesting a need for enhanced oversight. Investors should monitor the situation closely, as potential repercussions could affect market sentiment and the company’s reputation.