Rubicon Research Reports Insider Trading Violations, Issues Warnings
Rubicon Research Limited disclosed two cases of insider trading violations. The first involved VP Amol Shamrao Masal selling 30 shares on October 28, 2025, violating contra trade rules and trading window closure. The second case involved HR Head Romola Pinto and relative Vikram N Pinto acquiring 20 shares on October 16, 2025, during a closed trading window. Both trades were deemed inadvertent and of insignificant amounts. The company issued warning letters to the parties involved and reported the incidents to stock exchanges in compliance with SEBI regulations.
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Rubicon Research Limited has reported two cases of insider trading violations under SEBI regulations, as disclosed in a recent filing to the stock exchanges. The company has taken action by issuing warning letters to the involved parties, citing inadvertent trades with insignificant amounts and no intention to violate regulations or make undue gains.
Details of the Violations
| Particulars | Case 1 | Case 2 |
|---|---|---|
| Designated Person | Mr. Amol Shamrao Masal (Vice President) | Ms. Romola Pinto (Head HR Admin) and Mr. Vikram N Pinto (Immediate Relative) |
| Date of Trade | October 28, 2025 | October 16, 2025 |
| Nature of Trade | Sold 30 shares | Acquired 20 shares |
| Value of Trade | Rs. 18,090.00 | Rs. 12,446.20 |
| Violation Type | Contra trade and trade during trading window closure | Trade during trading window closure |
Company's Response
Rubicon Research Limited has taken the following actions in response to these violations:
- Issued warning letters to both designated persons involved.
- Noted that the trades were inadvertent and involved insignificant amounts.
- Confirmed that there were no previous instances of violations since the last financial year.
- Reported the incidents to the stock exchanges as per SEBI regulations.
Regulatory Compliance
The company has filed the required report with the BSE Limited and the National Stock Exchange of India Limited in compliance with SEBI regulations. The report was signed by Mr. Nitin Jajodia, Chief Financial Officer of Rubicon Research Limited.
These incidents highlight the importance of strict adherence to insider trading regulations and the need for companies to maintain robust compliance mechanisms. Rubicon Research's prompt reporting and action demonstrate its commitment to regulatory compliance and transparency in its operations.
Historical Stock Returns for Rubicon Research
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.78% | -2.47% | -1.71% | +2.27% | +2.27% | +2.27% |
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