Ceigall India Limited Reports Insider Trading Code Violation and Imposes Penalties
Ceigall India Limited reported violations of its Insider Trading Code by designated persons Nishant Tomar, Pradip Kumar Mandal, and Sunil. The Audit Committee imposed penalties of ₹1100 each, with profits and penalties deposited to SEBI IPEF. The company issued warning letters, citing inadvertent trades.
While the violation is reported and penalties have been imposed, the amounts are relatively small and the company attributes them to inadvertent actions, suggesting a contained impact.
The announcement reports a violation of the company's code of conduct related to insider trading, which is a negative event.
Ceigall India Limited has submitted an intimation regarding violations of the Company's Code of Conduct on Prohibition of Insider Trading Regulations. The violations were observed concerning contra trades executed by designated persons, Nishant Tomar (Manager), Pradip Kumar Mandal (Deputy Manager), and Sunil (Executive IT).
The matter was reviewed by the Audit Committee on February 6th, 2026. The committee imposed a penalty of ₹1100 on each of the involved designated persons. The profits from these trades, along with the penalties, have been deposited to the SEBI Investor Protection and Education Fund.
The company stated that warning letters and penalties were issued considering the trades were made inadvertently without the intention of violating PIT Regulations or making undue gains. There were no previous instances of violations reported since the last financial year. The amounts collected from the violations were transferred online to the SEBI IPEF on February 10th, 2026, with transaction amounts including penalty and profit totaling ₹1290 for Nishant Tomar, ₹1124 for Pradip Kumar Mandal, and ₹1100 for Sunil.
What to do with a filing like this
Ceigall India Limited filed this with the NSE as a statutory disclosure, categorised under insider trading. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Ceigall India Limited. Read the original for the full detail.