BSECompany Update4h ago · 31 Oct 2026, 10:36 am
Reporting of violations under SEBI (PIT) Regulations, 2015
Finolex Cables Ltd · 500144
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Finolex Cables Ltd has reported violations under SEBI (PIT) Regulations, 2015, involving a Designated Person (DP) executing contra trades without pre-clearance, resulting in a profit of Rs. 423.75, which was disgorged and remitted to SEBI.
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Full Announcement
Finolex Cables Ltd - 500144 - Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations, 2015
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FCL:SEC:SE:26:83 31st October 2026
Corporate Relations Department The Manager
BSE Limited Listing Department
1st Floor, New Trading Ring National Stock Exchange of India Ltd
Rotunda Building, P J Towers `Exchange Plaza’, C-1, Block G,
Dalal Street, Fort Bandra – Kurla Complex,
Mumbai – 400 001 Bandra (E), Mumbai – 400 051
Scrip Code: 500144 Scrip Code: FINCABLES
Sub.: Reporting of violations under SEBI (Prohibition of Insider Trading) Regulations, 2015.
Dear Sir/Madam,
This is with reference to the Company’s Code of Conduct to Regulate, Monitor and Report Trading
by Designated Persons (the “Code”), framed under Regulation 9(1) read with Schedule B of the SEBI
(Prohibition of Insider Trading) Regulations, 2015 (the “PIT Regulations”).
Pursuant to Clause 13 of Schedule B to the PIT Regulations, we enclose herewith, as Annexure-1, the
report on violation of the Code by a Designated Person of the Company, in the format prescribed by
SEBI vide its Circular No. SEBI/HO/ISD/ISD/CIR/P/2020/135 dated July 23, 2020.
You are requested to kindly take the above on your record.
Thanking you,
For Finolex Cables Limited
Nirnoy Sur
Company Secretary & Compliance Officer
Membership No.: A26705
Encl.: As above
Registered Office:
26-27, Mumbai-Pune Road, Pimpri, Pune – 411018. Tel: 020 27506200.
Visit us at: www.finolex.com | Email: sales@finolex.com | CIN: L31300MH1967PL016531
Annexure-1
Report by Finolex Cables Limited for violations related to Code of Conduct under SEBI
(Prohibition of Insider Trading) Regulations, 2015
[Schedule B read with Regulation 9 (1) of SEBI (Prohibition of Insider Trading) Regulation, 2015]
Sr. Particulars Details
1 Name of the listed company/ Intermediary/Fiduciary Finolex Cables Limited
2 Please tick appropriate checkbox Listed Company
Reporting in capacity of :
Listed Company
Intermediary
Fiduciary
3 A. Details of Designated Person (DP)
i. Name of the DP Mr. Ramesh Mohan Lalwani
ii. PAN of the DP AAEPL2240H
iii. Designation of DP Advisor
iv. Functional Role of DP Advisor to the Company (Vendor
Code: 25772)
v. Whether DP is Promoter or belongs to Promoter No
Group
B. If Reporting is for immediate relative of DP Not Applicable
i. Name of the immediate relative of DP Not Applicable
ii. PAN of the immediate relative of DP Not Applicable
C. Details of transaction(s)
i. Name of the script NSE: FINCABLES
BSE: 500144
ii. No of shares traded and value (Rs.) (Date- wise) As per the table below (all trades
on NSE)
Day Client ID Trading Buy Buy Avg. Sell Sell Avg.
/ Membe Quantit Amoun Buy Quantit Amoun Sell
Dat r name y t (Rs.) Price y t (Rs.) Price
e (Rs.) (Rs.)
Mon, 120825006638286 5 Paisa 6 7,502.10 1,250.3 – – –
31- 7 5
Aug-
2026
Mon, 120825006638286 5 Paisa 3 3,661.50 1,220.5 – – –
07- 7 0
Sep-
2026
Tue, 120825006638286 5 Paisa – – – 3 4,174.80 1,391.6
15- 7 0
Sep-
2026
Registered Office:
26-27, Mumbai-Pune Road, Pimpri, Pune – 411018. Tel: 020 27506200.
Visit us at: www.finolex.com | Email: sales@finolex.com | CIN: L31300MH1967PL016531
Mon, 120825006638286 5 Paisa 3 4,231.80 1,410.6 – – –
28- 7 0
Sep-
2026
D. In case value of trade(s) is more than Rs.10 lacs in a Not Applicable, as the aggregate
calendar quarter - value of trades did not exceed Rs.
10 lakh during the calendar
quarter.
i. Date of intimation of trade(s) by concerned Not Applicable
DP/director/promoter/promoter group to Company
under regulation 7 of SEBI (PIT) Regulations, 2015
ii. Date of intimation of trade(s) by Company to stock Not Applicable
exchanges under regulation 7 of SEBI (PIT)
Regulations, 2015
4 Details of violations observed under Code of Conduct Contra trades in violation of
Clause 10 of Schedule B to the
SEBI (PIT) Regulations and
paragraph 8.1 of Clause 9 of the
Company’s Code of Conduct:
(i) Sale of 3 shares on 15-Sep-2026,
within six months of the
purchases made on 31-Aug-2026
and 07-Sep-2026; and
(ii) Purchase of 3 shares on 28-
Sep-2026, within six months of the
sale made on 15-Sep-2026.
No relaxation from the contra
trade restriction was sought by
the Designated Person (“DP”) or
granted by the Company.
[The Trades were executed
without pre-clearance from the
Compliance Officer, in violation
of Clause 8 of the Company’s
Code of Conduct.]
5 Action taken by Listed company/ Intermediary/ Fiduciary (i) An explanation sought from
the DP vide letter bearing Ref. No.
80/SEC/PIT/01/2026-27 dated 26-
Oct-2026; and the DP’s reply was
received on 27th October 2026.
(ii) A Warning letter was issued to
the DP vide letter bearing Ref. No.
82/SEC/PIT/02/2026-27 dated 28th
October 2026, cautioning the DP
to strictly comply with the Code
and the PIT Regulations in future.
(iii) The Profit of Rs. 423.75 arising
from the contra trades was
Registered Office:
26-27, Mumbai-Pune Road, Pimpri, Pune – 411018. Tel: 020 27506200.
Visit us at: www.finolex.com | Email: sales@finolex.com | CIN: L31300MH1967PL016531
disgorged by the DP and remitted
to SEBI for credit to the Investor
Protection and Education Fund.
6 Reasons recorded in writing for taking action stated above The DP explained that the trades
were executed in the course of
rebalancing his personal
investment portfolios, held the
Company’s shares along with
shares of other companies. The
DP further declared that he was
not in possession of any
unpublished price sensitive
information at the time of
executing the trades and that
none of his Relative/immediate
relatives had traded in the
Company’s securities during the
relevant period.
After Considering the DP’s
explanation, that the violation
was inadvertent, the quantity and
value involved were small, the
first instance of such violation by
the DP, and the DP voluntarily
disgorged the profit, also the
Company issued a warning letter
to DP, advising him to exercise
due diligence and ensure strict
compliance with the Code of
Conduct and the PIT Regulations
in the future.
7 Details of the previous instances of violations, if any, since None
last financial year
8 If any amount collected for Code of Conduct violation(s) Yes – Rs. 423.75 (Rupees Four
Hundred Twenty-Three and
Seventy-Five Paise only)
i. Mode of transfer to SEBI - IPEF (Online/Demand Online
Draft)
ii. Details of transfer/payment As per the table alongside
In case of Online:
Particulars Details
Name of the transferor Mr. Ramesh Mohan Lalwani
Bank Name, branch and [Bank name, branch and
Account number account number]
Registered Office:
26-27, Mumbai-Pune Road, Pimpri, Pune – 411018. Tel: 020 27506200.
Visit us at: www.finolex.com | Email: sales@finolex.com | CIN: L31300MH1967PL016531
UTR/Transaction reference [UTR / Transaction reference
Number number]
Transaction date [Transaction date]
Transaction Amount (in Rs.) 423.75
In case of Demand Draft (DD):
Particulars Details
Bank Name and branch Not Applicable
DD Number Not Applicable
DD date Not Applicable
DD amount (in Rs.) Not Applicable
9 Any other relevant information (i) The Profit arising on the contra
trade at 3.C(ii) above computed
on first-in-first-out basis as
follows:
(Rs. 1,391.60 – Rs. 1,250.35) × 3 =
Rs. 423.75. The contra trade at
3.C(ii) resulted in a loss of Rs.
57.00, which has not been set off
against the profit.
(ii) The violation was identified
by the Company suo motu review
of the trading records for the
quarter ended September 30,
2026.
Registered Office:
26-27, Mumbai-Pune Road, Pimpri, Pune – 411018. Tel: 020 27506200.
Visit us at: www.finolex.com | Email: sales@finolex.com | CIN: L31300MH1967PL016531