SEBI warns JSW Energy of insider trading violations in India
Earlier this month, JSW Energy Limited received a notice from the Securities and Exchange Board of India (SEBI) regarding potential insider trading violations. The notice, dated November 4, 2024, was delivered to the company on November 21, prompting a response from JSW Energy.
In accordance with SEBI’s Prohibition of Insider Trading Regulations, 2015, and the SEBI Act, 1992, the violations in question pertain to specific trades carried out by designated persons and their immediate relatives. Despite this, JSW Energy has clarified that these infractions have not had any financial or operational impact on the company. The corporation has taken necessary actions against those involved, as per the applicable regulations.
This disclosure was made as per Regulation 30 of SEBI’s Listing Obligations and Information Requirements Regulations, 2015, underscoring JSW Energy’s commitment to regulatory transparency and compliance with insider trading rules.
On a separate note, JSW Energy reported a marginal increase in its consolidated net profit for the September 2024 quarter, reaching ₹853 Crore. The Profit After Tax (PAT) rose slightly from ₹850 Crore in the corresponding period last year. Additionally, the company’s total income for the quarter saw a 2% year-on-year increase, reaching ₹3,459 Crore compared to ₹3,387 Crore in the same period last year.
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