Insider Trading29 Jun 2026, 07:30 pm
Firstsource Solutions: Designated Person Penalized for Insider Trading Violation
AI Summary
Firstsource Solutions Ltd has reported an inadvertent violation of the SEBI (Prohibition of Insider Trading) Regulations, 2015 by its Designated Person, Mr. Dinesh Jain, Chief Financial Officer. The violation involved trading in the company's securities during a trading window closure period and executing contra trades. As a consequence, Mr. Jain has been issued a cautionary notice and is prohibited from trading company shares for the next six months. The company stated that the deviation is not material to its paid-up equity share capital and that this is a first instance of unintentional non-compliance. The matter will be placed before the Audit Committee.
Key Highlights
- Designated Person traded during trading window closure.
- Contra trades were executed by the CFO.
- DP prohibited from trading for six months.
- Violation deemed unintentional and not material.
- Matter to be reviewed by the Audit Committee.
Price Impact
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