SEBI adjudicates insider trading by Jindal Steel & Power Limited employees
This is a SEBI adjudication order regarding alleged insider trading violations by two designated persons of Jindal Steel & Power Limited. SEBI examined whether these individuals traded in the company's securities during a closed trading window and without required pre-clearance.
Mr. Ramakant Gupta, Mr. Manish Kumar Sowatia, Jindal Steel & Power Limited
- SEBI alleged violations of Regulation 9(1) read with clauses 4 and 6 of the SEBI (Prohibition of Insider Trading) Regulations, 2015.
- SEBI found that the trading window was closed from July 01, 2023, to August 13, 2023.
- SEBI alleged that the noticees traded in the company's scrip and options during this closed window period.
- SEBI alleged that the noticees traded in excess of 1,000 shares or Rs. 1,00,000 in value without obtaining pre-clearance from the company.
- The order cites specific trade dates between June 2023 and August 2023 involving both equity and option instruments.
Written from the document by AI, and checked against it. The original below is authoritative.
The original document
Document details
| Official title | Adjudication Order in the matter of insider trading activity of an entity in the scrip of Jindal Steel and Power Limited |
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | Order/JS/RJ/2026-27/32711-32712 |
| Status | None (order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |