TITAGARH RAIL SYSTEMS LIMITED — Important, 23-10-2024: Updates

Titagarh Rail Systems Limited reported a violation of the SEBI Code of Conduct related to insider trading. An immediate relative of a designated person executed trades causing a contra trade, leading to a penalty of Rs. 25,000 and a warning for future compliance. The company confirmed the relative was not in possession of unpublished price-sensitive information during the trade, attributing the issue to a communication error with the broker. Previous violations have also been reported.