Tube Investments of India Limited (TII) has reported a violation of the company’s code of conduct related to insider trading. A designated person, Mr. Robert Singh J, traded in equity shares of TII in violation of the company’s code. A warning letter has been issued to Mr. Singh for not obtaining pre-clearance for trades and conducting a contra trade within six months.
Insider Trading Violation
Tube Investments of India Limited (TII) has brought to notice a violation regarding its code of conduct. Mr. Robert Singh J, a designated person, has traded in equity shares of TII. This action violates the company’s code of conduct related to insider trading regulations.
Details of the Violation
Mr. Robert Singh J, a Senior Manager in Finance at TPI South, purchased 30 equity shares of the company in May 2025 and subsequently sold the same 30 equity shares in June 2025.
Observed Violations
The violations include trading without obtaining pre-clearance for trades and conducting a contra trade within 6 months.
Action Taken
The Company has issued a warning letter to Mr. Singh, advising him to strictly adhere to the TII Code of Conduct for Prohibition of Insider Trading.
Financial Details of Trades
Transactions from April 1, 2025, to June 30, 2025:
- May 23, 2025 Purchase, Sale on June 30, 2025: 16 shares, Purchase value: 42,682, Sale Value: 43,501, Profit: 819
- May 23, 2025 Purchase, Sale on June 30, 2025: 14 shares, Purchase value: 48,793, Sale Value: 49,715, Profit: 922
- Total shares traded: 30, Total Purchase value: 91,475, Total Sale Value: 93,216, Total Profit: 1,741
Source: BSE
