Salzer electronics Limited has fulfilled its quarterly regulatory compliance obligations by submitting the mandatory certificate under SEBI (Depositories & Participants) Regulations 2018 to stock exchanges. The submission relates to the quarter ended March 31, 2026, and was communicated to both BSE and NSE on April 10, 2026.

Regulatory Compliance Details

The certificate was submitted under Regulation 74(5) of SEBI (Depositories & Participants) Regulations 2018, which mandates quarterly reporting on dematerialisation activities. Company Secretary K M Murugesan signed and forwarded the documentation to the exchanges, ensuring adherence to prescribed timelines.

RTA Certificate Confirmation

GNSA Infotech Private Limited, serving as the company's Registrar and Transfer Agent, issued the compliance certificate dated April 04, 2026. The RTA confirmed two critical compliance aspects for the quarter ended March 31, 2026:

• Securities comprised in certificates have been listed on stock exchanges
• Certificates received for dematerialisation have been duly verified, mutilated, cancelled, and the depository name substituted as registered owner in company records

Corporate Information

Salzer Electronics Limited operates from its registered office at Samichettipalayam, Jothipuram, Coimbatore. The company maintains its corporate identity number as L03210TZ1985PLC001535 and can be contacted through their official channels for investor relations and corporate communications.

This quarterly submission demonstrates the company's commitment to maintaining transparency and regulatory compliance in its securities operations, ensuring proper documentation and processing of dematerialised shares as per SEBI guidelines.

Salzer Electronics Limited has submitted comprehensive violation reports to BSE and NSE regarding breaches of its insider trading code by multiple designated persons. The reports, filed on March 30, 2026, detail violations under SEBI (Prohibition of Insider Trading) Regulations, 2015 that occurred between 2023 and 2024.

Violation Cases and Financial Impact

The company reported six separate cases involving designated persons who violated insider trading regulations through contra trades, disclosure failures, and trading during window closure periods. The violations resulted in significant financial remedial actions:

Individual Case Details

The violations involved personnel across different organizational levels, from managers to key managerial personnel. Each case was reviewed by the company's Audit Committee and Board during meetings held on March 10, 2026.

Major Violations

The most significant case involved Doraiswamy Vishnurangaswamy, a Non-Executive Director, who executed contra trades worth ₹12.12 crore during trading window closure on February 22, 2024. The violation resulted in:

• Profit disgorgement: ₹24,131.00
• Monetary penalties: ₹1,25,000.00 (₹75,000 for disclosure failure + ₹50,000 for window closure trading)

S Venkatachalam, General Manager, faced the highest financial impact with total remittance of ₹1,98,341.00 for contra trades and disclosure violations.

M Lakshminarayana, Vice President, was penalized ₹4,51,694.00 for multiple violations including contra trades, window closure trading, and disclosure failures.

Minor Violations

Several cases involved smaller amounts but were treated with equal seriousness:

Regulatory Actions and Remedial Measures

The company's Board, based on Audit Committee recommendations, implemented comprehensive remedial actions for all violations:

• 100% profit disgorgement for all contra trade gains
• Formal written warnings to all violators
• Monetary penalties for disclosure failures and window closure violations
• Enhanced compliance communication emphasizing strict adherence to regulations

All disgorgement amounts and penalties have been remitted to SEBI's Investor Protection and Education Fund (IPEF) through online transfers between March 17-27, 2026.

Board's Assessment and Future Compliance

The Audit Committee and Board noted that most violations were first-time occurrences attributed to inadvertence rather than malicious intent. However, they emphasized that the actions taken reflect the company's serious commitment to regulatory compliance, particularly given the varying seniority levels of the violators.

The company has issued clear warnings that any recurrence of such violations will invite more stringent disciplinary and regulatory action, reinforcing its commitment to maintaining high standards of corporate governance and insider trading compliance.