Insider Trading27 Oct 2026, 09:40 pm
Waaree Energies: Insider Trading Violation by Designated Person
AI Summary
Waaree Energies Ltd. has reported a violation of SEBI (Prohibition of Insider Trading) Regulations, 2015, by a designated person, Mithil Gandhi, General Manager - Sales. The violation involved a contra trade, where purchase of shares occurred within six months of a previous sale, and without pre-clearance. The company has issued a written warning to Mr. Gandhi and directed him to disgorge profits of ₹4,33,566 to the SEBI Investor Protection and Education Fund. The company cited inadvertent execution by the designated person as the reason for the violation.
Key Highlights
- Designated person Mithil Gandhi violated SEBI PIT Regulations.
- Violation involved contra trade and lack of pre-clearance.
- Company directed disgorgement of ₹4,33,566 in profits.
- Written warning issued to the designated person.
- Profit to be remitted to SEBI Investor Protection Fund.
Price Impact
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