SEBI issues warning to JSW Energy for insider trading violations in India
JSW Energy Limited recently received an administrative warning from the Securities and Exchange Board of India (SEBI) regarding insider trading violations. The company acknowledged that certain trades conducted by designated persons and their immediate relatives breached SEBI’s Prohibition of Insider Trading Regulations, 2015, and the SEBI Act, 1992. The notice, dated November 4, 2024, was received by the company on November 21.
JSW Energy clarified that these infractions had no financial or operational impact on the company. The company promptly took necessary actions against the individuals involved in compliance with the regulations. This disclosure was made in accordance with Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements Regulations, 2015, underscoring the company’s commitment to regulatory transparency and adherence to insider trading rules.
In other news, JSW Energy reported a marginal increase in consolidated net profit for the quarter ending September 2024, reaching ₹853 Crore. Profit After Tax (PAT) also saw a slight rise to ₹853 Crore from ₹850 Crore in the same period the previous year. Total income for the quarter increased by 2% year-on-year to ₹3,459 Crore from ₹3,387 Crore in the corresponding period last year.
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