Mr. Parag Kulkarni, Executive Director of INOX India Limited, has notified the company of his proposed Trading Plan under the relevant regulations. The plan outlines the intention to sell 71,000 equity shares. The planned transaction window is set between June 22, 2026, and June 26, 2026, with a minimum execution price floor of Rs 925/- per share.
Notification of Executive Trading Plan
INOX India Limited has formally announced the proposed trading plan submitted by its Executive Director, Mr. Parag Kulkarni. This notification, dated February 19, 2026, complies with the requirements concerning insider trading regulations.
Details of the Proposed Transaction
Mr. Kulkarni, who currently holds 2,21,000 equity shares of Rs 2/- each, intends to execute a sell transaction. The specifics of the proposed plan are as follows:
- Type of Trade: Sell
- Number of Securities: 71,000 equity shares (to be executed in one or more tranches).
- Execution Period: The trade is slated to occur between June 22, 2026, and June 26, 2026.
- Price Limit: The minimum execution price is set at Rs 925/- per Equity Share.
The floor price of Rs 925/- was derived based on the closing price on February 18, 2026, which was Rs. 1149.85, ensuring the lower limit adheres to the permitted range (up to 20% lower than the previous day’s close).
Compliance and Undertakings
The proposed plan received formal approval from the Compliance Officer on February 19, 2026, under approval number 2025-26/I. Mr. Kulkarni has provided several key undertakings, confirming that he:
- Will not commence trading until one hundred and twenty calendar days from the public disclosure of the plan.
- Does not have any overlapping trading plans for the same duration.
- Will immediately refrain from trading if he comes into possession of any Unpublished Price Sensitive Information before the scheduled trade date.
- Undertakes not to use this plan as a tool for market abuse.
The management confirmed the plan’s approval, and all documentation has been placed on record for future monitoring.
Source: BSE
