StockWatch
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Specialty Chemicals
Insider Trading24 Sept 2026, 09:56 pm

Prasol Chemicals: Insider Trading Violation Reported

AI Summary

Prasol Chemicals Limited has reported a violation under SEBI (Prohibition of Insider Trading) Regulations, 2015. The violation pertains to the acquisition of 300 shares by Mr. Rahul Ashit Shroff, Chief Financial Officer and Finance Director, and deemed DP Mrs. Jamini Ashit Shroff, on September 18, 2026, for a value of Rs. 191,127. The shares were acquired during a trading window closure period. The company has issued a warning letter to the Designated Person, citing the insignificant trade value and inadvertent nature of the transaction. No previous instances of violations were reported, and no penalties were levied as the trade value was below Rs. 10 lacs per quarter.

Key Highlights

  • Insider trading violation reported by Prasol Chemicals.
  • CFO acquired shares during trading window closure.
  • Trade value was Rs. 191,127, below Rs. 10 lacs threshold.
  • Company issued a warning letter to the Designated Person.
  • Transaction deemed inadvertent and unintentional.