Anthem Biosciences Reports Insider Trading Code Violations by Two Designated Persons
Anthem Biosciences Limited disclosed violations of its insider trading code by two designated persons. Srinivas L, Manager (Indirect Taxes), sold 674 equity shares during a trading window closure period. Bhuvaneswari M, Deputy Manager (Administering Account Payables), sold 5,000 equity shares worth Rs. 41,75,000 without obtaining pre-clearance approval. The company's Audit Committee has issued warning letters to both employees and requested acknowledgment letters confirming future adherence to the Code of Conduct. Anthem Biosciences reported these violations in compliance with SEBI regulations.

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Anthem Biosciences Limited , a prominent player in the biosciences sector, has reported violations of its insider trading code by two designated persons, according to a recent disclosure to stock exchanges.
Details of the Violations
The company revealed that two of its employees, Srinivas L and Bhuvaneswari M, breached the company's Code of Conduct to Regulate, Monitor and Report Trading by Designated Persons. Here are the key details of the violations:
| Designated Person | Position | Violation Details |
|---|---|---|
| Srinivas L | Manager (Indirect Taxes) | Sold 674 equity shares during trading window closure period |
| Bhuvaneswari M | Deputy Manager (Administering Account Payables) | Sold 5,000 equity shares worth Rs. 41,75,000 without obtaining pre-clearance approval |
Srinivas L's Case
Srinivas L sold an aggregate of 674 equity shares on two separate occasions during the trading window closure period, which began on October 1, 2025. These shares were originally allotted to him under the Company's ESOP Scheme. The transactions occurred despite explicit instructions to the pledgee not to sell the pledged shares during the restricted period.
Bhuvaneswari M's Case
Bhuvaneswari M sold 5,000 equity shares amounting to Rs. 41,75,000 on September 15, 2025, without obtaining the required pre-clearance approval. She had previously obtained approval on August 25, 2025, which was valid until August 31, 2025. Due to a medical emergency and subsequent leave, she missed the validity period and executed the transaction without renewed approval.
Company's Response
Anthem Biosciences has taken these breaches seriously. The Audit Committee, in its meeting held on November 6, 2025, resolved to:
- Issue warning letters to both designated persons, instructing them to ensure strict adherence to the Code and regulatory requirements going forward.
- Obtain acknowledgment letters from the individuals confirming their commitment to strictly adhere to the Company's Code of Conduct in the future.
The company has emphasized that any future violations will attract stricter disciplinary action.
Regulatory Compliance
The company has reported these violations as per the requirements of Schedule B read with Regulation 9(1) of SEBI (Prohibition of Insider Trading) Regulations, 2015. This disclosure demonstrates Anthem Biosciences' commitment to transparency and regulatory compliance in matters of insider trading.
These incidents underscore the importance of strict adherence to insider trading regulations and the need for continuous education and vigilance among designated persons in listed companies.
Historical Stock Returns for Anthem Biosciences
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.14% | +3.11% | -6.05% | -10.39% | -10.39% | -10.39% |




































