14th January, 2022 | |
BSE Limited | National Stock Exchange of India Limited |
P.J Towers | Exchange Plaza, C-1,Block-G, |
Dalal Street | Bandra - Kurla Complex, Bandra (E) |
Mumbai - 400001 | Mumbai - 400051 |
Dear Sir/Madam |
Sub.: Violation under Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 by Designated Person
In term of SEBI Circular SEBI/HO/ISD/ISD/CIR/P/2020/135 dated 23rd July, 2020, please find attached herewith Report by the Company for violation related to Code of Conduct under SEBI (Prohibition of Insider Trading) Regulations, 2015.
Kindly take the same on your records.
Thanking You,
For, Astral Limited
Krunal Bhatt
Company Secretary
Report by Astral Limited for violations related to code of conduct under SEBI (Prohibition of Insider Trading) Regulations, 2015.
[Schedule B read with Regulation 9 (1) of SEBI (Prohibition of Insider Trading) Regulations, 2015]
Sr. | Particulars | Details | ||||||
No. | ||||||||
1. | Name of the Listed company | Astral Limited | ||||||
2. | Please tick appropriate checkbox | Listed Company | ||||||
| Listed Company | |||||||
Reporting in capacity of : | ||||||||
Intermediary | ||||||||
Details of Designated Person (DP) | ||||||||
3. | A. | Fiduciary | ||||||
Name of DP | Mr. Yogesh Shah | |||||||
PAN of DP | AACPS2006G | |||||||
Designation of DP | Deputy General Manager | |||||||
Functional Role of DP | Working in Marketing department of the | |||||||
Company. | ||||||||
Whether DP is Promoter or belongs to | No | |||||||
B. If Reporting is for immediate relative of DP | ||||||||
Promoter Group | ||||||||
Name of the immediate relative of DP | NA | |||||||
C. Details of transactions (s) | ||||||||
PAN of the immediate relative of DP | NA | |||||||
Name of the scrip | Astral Limited - Equity Shares | |||||||
No of shares traded and value (Rs.) | Pledge - 1000 shares on 3rd January, 2022. | |||||||
D. In case value of trade(s) is more than | Rs.10 lacs in a calendar Quarter | |||||||
(Date- wise) | (Rs. 22,81,800) | |||||||
Date of intimation of trade(s) by concerned | N.A | |||||||
DP/director/promoter/promoter group to | ||||||||
Company under regulation 7 of SEBI (PIT) | ||||||||
Regulations, 2015. | Reported | through | system | driven | ||||
Date of intimation of trade(s) by Company | ||||||||
to stock exchanges under regulation 7 of | disclosure. | |||||||
SEBI (PIT) Regulations, 2015 | ||||||||
4. | Details of violations observed under Code | "Margin Pledge" of 1000 equity shares of | ||||||
of Conduct | the Company in favour of Broker without | |||||||
pre-clearance and during closure of | ||||||||
trading of window. | ||||||||
5. | Action taken by Listed company | The Company imposed penalty of | ||||||
Rs. 50,000/- to the Designated Person and | ||||||||
asked him to deposit the penalty to SEBI | ||||||||
IPEF. | ||||||||
6. | Reasons recorded in writing for taking | The Compliance Office on becoming aware | ||||||
action stated above | of the transaction through weekly benpose | |||||||
data enquired about the transaction from | ||||||||
the Designated Person. |
The Designated Person informed the | ||||||||||
Compliance Officer that the trade was | ||||||||||
executed by him | inadvertently. The | |||||||||
Designated Person also informed and | ||||||||||
declared that he was not in possession of | ||||||||||
any | unpublished | price | sensitive | |||||||
information about the Company or its | ||||||||||
securities at the time execution of the | ||||||||||
aforesaid trade. | ||||||||||
Considering the above submissions by the | ||||||||||
Designated Person and being the first time | ||||||||||
violation, the Designated Person was | ||||||||||
issued warning and was imposed fine of Rs. | ||||||||||
50,000/-. He was further informed to | ||||||||||
deposit the said fine amount to SEBI IPEFth | ||||||||||
Bank Account which he deposited on 13 | ||||||||||
January, 2022. | ||||||||||
7. | Details of the previous instances of | NA | ||||||||
violations, if any, since last financial year | ||||||||||
8. | If any amount collected for Code of Conduct | violation(s) | ||||||||
Mode of transfer to SEBI - IEPF | Online | |||||||||
(Online/Demand Draft) | ||||||||||
Details of transfer/payment | ||||||||||
In case of Online : | ||||||||||
Particulars | Details | |||||||||
Name of the transferor | Mr.Yogesh Shah | |||||||||
Bank Name, branch and Account number | HDFC Bank | |||||||||
UTR/Transaction reference Number | N013221793681861 | |||||||||
Transaction date | 13th January, 2022 | |||||||||
Transaction Amount (in Rs.) | Rs. 50,000 | |||||||||
In case of Demand Draft (DD):NA. | ||||||||||
Particulars | Details | |||||||||
Bank Name and branch | ||||||||||
DD Number | ||||||||||
DD date | ||||||||||
DD amount (in Rs.) | ||||||||||
9. | Any other relevant information | NA |
For Astral Limited
Krunal Bhatt
Compliance Officer
PAN : AHVPB4783F
E-mail : co@astralpipes.com
Date : 14th January, 2022
Place : Ahmedabad
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Astral Poly Technik Limited published this content on 14 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 January 2022 09:11:02 UTC.