- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
Vibhor Steel Tubes Ltd. has reported a violation of its Insider Trading Code by Mrs. Parul Jain, HR Manager. The violation occurred due to a 'contra trade' where she sold 1,287 shares on August 28, 2024, and then purchased one share on September 16, 2024. The company found that she did not seek pre-clearance for the purchase and failed to provide post-trade intimation. Despite the violation, no monetary penalty was imposed, and a warning letter was issued due to the insignificance of the transaction amount and the lack of prior violations. The Designated Person acknowledged the error was unintentional and attributed it to ignorance of the regulations. The company emphasized the importance of adhering to regulations moving forward to avoid future infractions.