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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Waaree Energies Ltd

Waaree Energies: General Manager cited for insider trading code violation

REGULATORY ▼ Concern Flagged MEDIUM RISK
📅 Filed on BSE: 27 Oct 2026, 09:33 PM IST  ·  BSE ID: 77b8723b-f1dd-4631-a34d-2fba330b9248
View Original BSE Filing (PDF)
💡
In Simple Terms
Waaree Energies reported a sales manager violated insider trading rules by trading shares without permission.
🤖 AI Summary
  • Waaree Energies reports insider trading code violation by General Manager Mithil Gandhi.
  • Violation involved contra trades of 999 shares, executed without required pre-clearance.
  • Mithil Gandhi sold 3,999 shares on June 19, 2026, and bought 999 shares in August 2026.
  • Company issued a warning and directed disgorgement of Rs 4,33,566 in profits.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Number of shares sold by DP
3,999
Value of sale transaction
1,24,36,890 Rs.
Number of shares purchased by DP (Aug 3)
599
Value of purchase transaction (Aug 3)
16,02, 924 Rs.
Number of shares purchased by DP (Aug 4)
400
Value of purchase transaction (Aug 4)
10,70,400 Rs.
Total shares purchased by DP
999
Profits to be disgorged
4,33,566 Rs.
🏢 How This Affects the Company
💰
Financial Impact
The company directed the employee to disgorge profits of Rs 4,33,566 to the SEBI Investor Protection and Education Fund.
⚙️
Operational Impact
The company issued a written warning to the designated person and reinforced compliance with the Insider Trading Code.
⚠️
Risk Impact
This flags a breach in internal compliance controls related to SEBI (PIT) Regulations, potentially impacting governance perception.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders concerning this disclosure.
👤
Who Is Affected
All shareholders are indirectly affected as this pertains to the company's compliance and governance framework.
🔍
Management Signal
Management is signaling commitment to enforcing the SEBI (PIT) Regulations and its internal Code of Conduct.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Future compliance reports from Waaree Energies.
Updates on any further regulatory actions if applicable.
Disclosure of any changes in Designated Persons' trading activities.
MEDIUM RISK Violation of SEBI insider trading regulations by a senior employee indicates potential governance concerns.
💡 Investor Takeaway
Waaree Energies reported an insider trading code violation by General Manager Mithil Gandhi involving 999 shares and Rs 4,33,566 in profits to be disgorged.
⚖️ Strengths & Concerns

⚠️ Concerns

  • Violation of SEBI (PIT) Regulations, 2015 by a Designated Person involved in contra trades.
  • Contra trade violation occurred as purchases on Aug 3-4, 2026, fell within 6 months of a June 19, 2026 sale.
📅 Company Track Record
Waaree Energies previously reported a violation under SEBI (PIT) Regulations in July 2026 involving another General Manager. The company also had a past dispute with GST authorities, with a demand being significantly reduced but a fresh assessment issued.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
Who violated the insider trading code at Waaree Energies?
Mithil Gandhi, General Manager - Sales, violated the code of conduct for prevention of insider trading.
What was the nature of the violation by Mithil Gandhi?
The violation involved contra trades where purchases were made within six months of a previous sale transaction, without pre-clearance.
What action has Waaree Energies taken regarding this violation?
Waaree Energies issued a written warning to Mithil Gandhi and directed him to disgorge profits amounting to Rs 4,33,566.
What is the total value of shares traded in the contra trade by Mithil Gandhi?
Mithil Gandhi sold 3,999 shares for Rs 1,24,36,890 and purchased 999 shares for Rs 26,73,324 across two transactions.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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