RPG Life Sciences Limited — Important, 16-01-2025: Updates

RPG Life Sciences Limited has reported a violation related to its Code of Conduct under SEBI (Prohibition of Insider Trading) Regulations. The violation involved Mr. Rajesh Shenoy, an Assistant Manager in Finance & Accounts, who sold 2 shares on December 27, 2024, at a price of Rs. 2,155.62 per share, totaling Rs. 4,311.24. This transaction was classified as a contra-trade as it occurred within six months of a previous trade. In response, the company has required Mr. Shenoy to remit the profit to the Investor Protection and Education Fund and issued a warning letter emphasizing compliance with the Code. Mr. Shenoy acknowledged the mistake, stating the trade was inadvertent and confirmed he had no access to price-sensitive information at the time. This incident marks the first instance of non-compliance for the employee.