HEG Ltd. Violates SEBI Regulations: Designated Persons' Trading Infringements
HEG Ltd. has reported violations of the SEBI (Prohibition of Insider Trading) Regulations, 2015, and its Code of Conduct for Regulating, Monitoring & Reporting Trading by Insiders. The violations were committed by designated persons in accordance with SEBI Circular No. SEBI/HO/ISD/ISD/CIR/P/2020/135 dated July 23, 2020. The violations include trading without pre-clearance, contra trade, and non-disclosure of transactions to the Company. The Company has advised the concerned persons to sell their entire equity shares of HEG Limited and deposit the sale proceeds into the designated account of the SEBI. The Company has also directed the concerned persons to inform their Portfolio Management Services (PMS) provider or broker to place the scrip of HEG Limited on the restricted/negative list.
Key Highlights
- HEG Ltd. reports violations of SEBI (Prohibition of Insider Trading) Regulations, 2015, and its Code of Conduct for Regulating, Monitoring & Reporting Trading by Insiders.
- Designated persons committed violations involving trading without pre-clearance, contra trade, and non-disclosure of transactions to the Company.
- Company directs concerned persons to sell their entire equity shares of HEG Limited and deposit the sale proceeds into the designated account of the SEBI.
- Company advises concerned persons to inform their PMS provider or broker to place the scrip of HEG Limited on the restricted/negative list.
- Corrective and preventive measures are taken to ensure regulatory compliance, uphold corporate governance, and maintain market integrity.