Nitin Spinners Limited — Important, 29-03-2025: Updates

Nitin Spinners Limited has taken action against Mr. Mohit Kumar Vijayvergia for violating the company's Code of Conduct related to insider trading by executing a contra trade in the company’s shares within a six-month period without the required pre-clearance and intimation. Mr. Vijayvergia purchased 200 shares on 09.08.2024 and sold the same number on 03.01.2025, committing the violation after the trading window opened. Despite the breach, it was noted that he did not possess any Unpublished Price Sensitive Information at the time of the trades. The company issued a warning letter and imposed a penalty of Rs. 2,000 for the violation, considering it a first-time offense without prior infractions. This situation underscores the importance of adherence to trading regulations and the company's internal policies, which investors should monitor closely for any further developments.