Crompton Greaves Consumer Electricals Limited reported a violation of the company’s Code of Conduct under SEBI’s regulations regarding insider trading. A designated person executed trades without obtaining pre-clearance from the Compliance Officer. The company’s Insider Trading Monitoring Committee has levied a monetary penalty of Rs. 83,812.50, which is 5% of the traded value.
Violation of Code of Conduct
Crompton Greaves Consumer Electricals Limited has identified a violation of its Code of Conduct for Regulating, Monitoring, and Reporting Trading by Designated Persons. The violation involves a designated person (DP) who executed a trade without obtaining the necessary pre-clearance.
Details of the Violation
Mr. Saikat Bhattacharjee, an Associate Vice President (AVP), Marketing – Pumps, pledged 5000 shares on September 02, 2025, valuing Rs. 16,76,250/-. This transaction was executed without prior clearance from the Compliance Officer.
Action Taken
The company’s Insider Trading Monitoring Committee (“ITMC”) addressed the violation. As per the Code of Conduct, a monetary penalty was levied. The penalty amounted to Rs. 83,812.50/-, equivalent to 5% of the value of the shares traded.
Remittance Details
The monetary penalty has to be transferred to SEBI – IPEF through online mode. Mr. Saikat Bhattacharjee is the transferor and Axis Bank, Frazer Road, Patna is the bank, branch and Account number: 142010100031675. UTR/Transaction Reference Number is 251007246469746 dated 07/10/2025. Transaction Amount (in Rs.) is Rs. 83,818/- (including convenience fee).
Source: BSE
