SKF India reports a violation of its Code of Conduct for Prevention of Insider Trading. A designated person executed a contra-trade within six months of the initial trade in December. The company has taken steps to address the matter and is submitting a report as per SEBI guidelines. Further action will be determined after an Audit Committee Meeting.
Violation of Insider Trading Regulations
SKF India has identified a violation of its Code of Conduct for Prevention of Insider Trading. The violation involves a designated person who traded in the company’s equity shares in December and executed a contra-trade within a 6-month period.
Details of the Violation
The designated person bought 1 equity share under DP/Cl Id 1208160114432409 at Rs. 1929.50 on 05th December 2025, and then sold 1 equity share under the same DP/Cl Id at Rs. 1779.10 on or around 31st December 2025.
Actions Taken
SKF India has taken the following actions:
- An advice letter was sent on 05th January 2026.
- A show cause notice was issued on 08th January 2026, and a reply was received on 12th January 2026.
- The matter will be placed before the Audit Committee.
- The company will inform the Stock Exchanges about further actions after the Audit Committee Meeting.
Source: BSE
