Puravankara: Relative of Designated Person Violates Insider Trading Code
Puravankara Limited reported a violation of its insider trading code by the wife of a designated person. The relative sold 600 shares on Dec 23, 2025. The company issued a warning and directed disgorgement of ₹2,837 profits and levied a ₹5,000 penalty on the designated person, both remitted to SEBI.
While the violation is a negative development, the immediate relative's trade value and the disgorged/penalized amounts are relatively small. The company has taken corrective action and issued warnings, mitigating significant immediate impact.
The announcement details a violation of the company's Code of Conduct and SEBI PIT Regulations, which is a negative event.
Puravankara Limited has reported a violation of its Code of Conduct to Regulate, Monitor and Report Trading by Designated Persons and Immediate Relatives by an immediate relative of a designated person. The violation pertains to the sale of 550 equity shares of the company within six months of acquisition, with 50 shares sold after the six-month period. The transaction occurred on December 23, 2025, involving 600 equity shares valued at ₹1,54,400.
In response, the company has issued a written warning to Mrs. Sonika Agarwal, the wife of designated person Mr. Raj Kumar Agarwal, and Mr. Raj Kumar Agarwal himself, emphasizing strict compliance with the Code of Conduct and SEBI PIT Regulations. Furthermore, Mrs. Sonika Agarwal has been directed to disgorge ₹2,837 in profits from the trade to the SEBI Investor Protection and Education Fund. A penalty of ₹5,000 has also been levied on Mr. Raj Kumar Agarwal and remitted to the same fund, as per SEBI circular dated September 23, 2024.
Both Mr. and Mrs. Agarwal have confirmed in writing that the default was inadvertent and unintentional, and they did not possess any unpublished price sensitive information at the time of the trades. The company has reiterated its zero-tolerance policy for violations and believes the actions taken are appropriate deterrents.
What to do with a filing like this
Puravankara 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.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Puravankara Limited. Read the original for the full detail.