Garware Hi-Tech Films Ltd
Garware Hi-Tech Films: Insider Trading Code Violation & Rs. 5,000 Penalty
REGULATORY
◆ Monitor Closely
MEDIUM RISK
📅 Filed on BSE: 10 Oct 2026, 01:58 PM IST · BSE ID: 7bda8004-3893-4c83-a478-2451666b8eb1
View Original BSE Filing (PDF)
💡
In Simple Terms
A company employee broke internal trading rules, leading to a small Rs. 5,000 penalty from the company.
🤖 AI Summary
- Garware Hi-Tech Films reports insider trading code violation by a General Manager.
- Designated person Mr. Ashok Narayan Dane executed a contra trade of 16 shares bought, 26 shares sold.
- Violation occurred between December 5, 2025, and May 15, 2026.
- Audit Committee imposed and paid a Rs. 5,000 penalty.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Number of shares bought
16 equity shares
Value of shares bought
₹ 54704.10/-
Number of shares sold
26 equity shares
Value of shares sold
₹1,14,796.85/-
Penalty imposed
Rs. 5,000/-
🏢 How This Affects the Company
The imposed penalty of Rs. 5,000 has a negligible financial impact on the company's overall financial performance.
The company is reinforcing its internal Code of Conduct compliance for designated persons following this violation.
This filing flags a procedural risk related to insider trading compliance adherence by designated employees.
👥 What This Means For Shareholders
✅
Action Required
No specific action is required from shareholders regarding this regulatory disclosure.
👤
Who Is Affected
All shareholders are informed of a compliance event and the company's corrective action, impacting corporate governance perception.
🔍
Management Signal
Management has acted to address a violation by imposing a penalty, indicating adherence to regulatory reporting requirements.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Subsequent filings on any further compliance-related updates.
Review of future company communications for emphasis on PIT compliance.
Any updates from SEBI regarding this matter.
MEDIUM RISK
Violation of SEBI PIT Regulations and Code of Conduct, though penalty is small, flags compliance diligence.
💡 Investor Takeaway
Garware Hi-Tech Films disclosed a SEBI PIT Code of Conduct violation by a designated employee involving a contra trade. A Rs. 5,000 penalty was imposed and paid.
⚖️ Strengths & Concerns
⚠️ Concerns
- Contra trade executed by a designated person, indicating a breach of the company's Code of Conduct.
- A penalty of Rs. 5,000 was imposed and paid, highlighting a compliance lapse in trading regulations.
❓ Frequently Asked Questions
What violation did Garware Hi-Tech Films report?
Garware Hi-Tech Films reported a violation of its Code of Conduct under SEBI (PIT) Regulations, 2015, by a designated person.
Who committed the violation at Garware Hi-Tech Films?
Mr. Ashok Narayan Dane, General Manager, committed the violation by executing a contra trade.
What was the contra trade executed by Mr. Dane?
Mr. Dane bought 16 equity shares for ₹ 54704.10/- and sold 26 equity shares for ₹1,14,796.85/- between December 5, 2025, and May 15, 2026.
What action did Garware Hi-Tech Films take?
The company's Audit Committee imposed a penalty of Rs. 5,000/-, which was paid by Mr. Dane to the SEBI-IPEF account.
Was the violation intentional?
The designated person confirmed the default was inadvertent and not based on Unpublished Price Sensitive Information.
Questions based on this BSE filing only. For information purposes.