Endurance Technologies: Designated Person Fined ₹10,000 for Insider Trading Code Violation
Endurance Technologies Limited reported an insider trading code violation by Mr. Prajod Parameswaran Ayyappath. He was fined ₹10,000 for a contra-trade involving the purchase and sale of two shares within six months. The penalty was paid on March 20, 2026.
The violation involved a very small number of shares (two) and a minor penalty of ₹10,000. The impact on the company's overall operations or financial performance is expected to be negligible.
The announcement details a violation of the company's insider trading code of conduct by a designated person, which is a negative event.
Endurance Technologies Limited has reported a violation of its Code of Conduct for the prevention of Insider Trading under the SEBI (Prohibition of Insider Trading) Regulations, 2015. The designated person, Mr. Prajod Parameswaran Ayyappath, Head – R&D Transmission, was found to have engaged in a contra-trade.
Specifically, Mr. Ayyappath purchased two shares on September 25, 2025, for an aggregate amount of ₹5,484.60 and subsequently sold two shares on March 10, 2026, for ₹4,939.20. This sale occurred within six months of the purchase, constituting a contra-trade as per the company's code.
The company has taken action by issuing a letter to the designated person on March 18, 2026, advising him to pay a penalty of ₹10,000 and ensure strict adherence to the Code. Mr. Ayyappath attributed the contra-trade to oversight, but the company stated this was not a justifiable reason for the contravention. The penalty of ₹10,000 has been paid online by Mr. Ayyappath on March 20, 2026, to the SEBI Investor Protection and Education Fund (IPEF). There are no previous instances of violation reported since the last financial year.
What to do with a filing like this
Endurance Technologies 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 low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Endurance Technologies Limited. Read the original for the full detail.