Shivalik Bimetal Controls Limited — Important, 25-03-2025: Updates

Shivalik Bimetal Controls Ltd. has reported violations relating to its Code of Conduct under the SEBI (Prohibition of Insider Trading) Regulations. The violation was tied to trading activities by the immediate relative of a designated person, specifically Mrs. Richa Gupta, who is the Head of Human Resources. Transactions included the purchase of 305 shares, valued at ₹1,35,900, without pre-clearance and during a trading window closure. Actions regarding the matter are pending with the Audit Committee, and further communications to stock exchanges will follow. This incident may have implications for the company's governance practices and regulatory compliance, which could impact shareholder perception and trust, warranting close monitoring.