Ambuja Cements Limited has announced disciplinary action against a designated person following a violation of the company’s internal trading code. The individual engaged in unauthorized share transactions during a closed trading window, including contra trades. In response, the company has issued a formal warning and recovered financial penalties along with the disgorgement of profits. These funds are being deposited into the designated Investor Protection and Education Fund as part of the company’s commitment to compliance.
Details of the Violation
On May 6, 2026, Ambuja Cements disclosed that a designated person within the finance department had breached internal policies regarding the trading of company securities. The individual, Mr. Kiran Kotian, conducted transactions involving 250 equity shares during a specified period when the trading window was closed. These actions were in direct contravention of the company’s established Code of Internal Procedures and Conduct for regulating and reporting trades by insiders.
Corrective Measures and Penalties
Upon identifying the unauthorized activity, the company initiated immediate corrective measures. The designated person was issued a formal warning letter. Furthermore, the company mandated a penalty of Rs. 25,005 and the disgorgement of profits amounting to Rs. 1,595, totaling Rs. 26,600 in recovered funds. The company has confirmed that these amounts were successfully transferred to the Investor Protection and Education Fund (IPEF) in March and April 2026, ensuring full transparency in addressing the procedural lapse.
Source: BSE
