JSW Energy Limited admitted getting an administrative warning notice from the Securities and Exchange Board of India (SEBI) for insider trading offenses. The corporation got the message, dated November 4, 2024, on November 21.
According to the company’s filings with stock exchanges, the infractions relate to specific trades conducted by designated persons and their immediate relations, which violate SEBI’s Prohibition of Insider Trading Regulations, 2015, and the SEBI Act, 1992.
According to JSW Energy, these infractions have had no financial or operational impact on the company. The corporation stated that it has already taken the required procedures against the individuals implicated in accordance with the applicable regulations.
This information was provided pursuant to Regulation 30 of SEBI’s Listing Obligations and information Requirements Regulations, 2015. It is part of the company’s commitment to regulatory transparency and emphasizes the necessity of adhering to insider trading rules.
JSW Energy’s consolidated net profit for the September 2024 quarter increased marginally to ₹853 Crore, according to a report released Thursday. Profit After Tax (PAT) rose marginally to ₹853 Crore from ₹850 Crore in the same period previous year, according to a corporate statement.
The total income for the quarter climbed by 2% (year on year) to ₹3,459 Crore from ₹3,387 Crore in the same time last year.
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