Bikaji Foods International Limited — Important, 06-02-2025: Updates

A designated person at Bikaji Foods International Limited violated the Code of Conduct under SEBI regulations by selling 100 equity shares without the necessary pre-clearance, valued at ₹77,900. This was deemed a first-time violation, attributed to ignorance rather than malicious intent, as the trade did not occur during the closure of the trading window. In response, the company’s Audit Committee imposed a penalty of ₹10,000 on Mr. Shambhu Dayal Gupta and issued a warning letter emphasizing the need for adherence to the Code of Conduct. Mr. Gupta has confirmed that the trade was inadvertent, highlighting the importance of compliance moving forward. Investors should monitor the company's handling of compliance as it reflects management's commitment to regulatory integrity.