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SKF India Reports Insider Trading Code Violation by Designated Person
SKF India Limited
January 15, 2026, 11:39 AM
SKF India Limited reported an insider trading code violation by designated person Ms. Prajakta Kad. She executed a contra-trade within six months in December 2025. The company has issued an advice letter and show cause notice and will present the matter to the Audit Committee. This is the first such violation identified.
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SKF India Limited has reported a violation of its Code of Conduct for Prevention of Insider Trading, as per SEBI (Prohibition of Insider Trading) Regulations, 2015. A designated person, Ms. Prajakta Kad, traded in the company's equity shares in December 2025 and executed a contra-trade within six months, violating Regulation 9 read with clause 10 of Schedule B of the Insider Trading Regulations.
The company has taken necessary steps, including issuing an advice letter on 5th January 2026, a show cause notice on 8th January 2026 (with a reply received on 12th January 2026), and will place the matter before the ensuing Audit Committee Meeting for further action.
This is the first identification of such a violation by the company. The report has been submitted to the National Stock Exchange of India Limited and BSE Limited on 15th January 2026.
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