PG Electroplast Limited has disclosed that its Key Managerial Personnel have received a Show Cause Notice from the Securities and Exchange Board of India (SEBI). The notice, dated November 06, 2026, concerns alleged non-compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, specifically relating to the period between June 01, 2024, and August 31, 2024. The company’s personnel are currently evaluating the notice and will respond within the stipulated timelines.
SEBI Issues Show Cause Notice
PG Electroplast Limited announced today that its Key Managerial Personnel have received a Show Cause Notice (SCN) from the Securities and Exchange Board of India (SEBI). The notice, dated November 06, 2026, was received by the company’s personnel on November 12, 2026, via email. This communication is a formal step taken by SEBI regarding the company’s corporate announcement made on July 24, 2024.
Alleged Regulatory Non-Compliance
The SCN alleges non-compliance with various provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and specifically refers to alleged violations under Sections 11(1), 11(4A), 11B(1), and 11B(2) of the Securities and Exchange Board of India Act, 1992. The core of the allegation pertains to potential non-compliance with the Code of Conduct, Clause 10 Schedule B, read with Regulation 9(1), Regulations 3(5), and Regulation 9(3) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. These alleged violations are stated to have occurred during the period from June 01, 2024, to August 31, 2024.
Company’s Response and Next Steps
The individuals identified as ‘Noticees’ are currently evaluating the contents of the SCN. PG Electroplast Limited has stated that the Noticees will respond to the SCN within the prescribed timelines and will take appropriate steps in accordance with the law. The company anticipates no immediate financial impact from this notice.
Key Personnel Involved
The individuals who have received the SCN include:
- Mr. Pramod Gupta – Chief Financial Officer
- Ms. Ruchika Gupta – Immediate Relative of Mr. Pramod Gupta
- Mr. Sanchay Dubey – Erstwhile Company Secretary of PGEL (up to 12.05.2025)
- Mr. Deepesh Kedia – Company Secretary (w.e.f. 13.05.2025)
The disclosure, as required under SEBI Listing Regulations, also includes details in Form A, which are enclosed with this announcement. The company will also host this disclosure on its official website.
Source: BSE
