Date: 29th May, 2026
Regulatory Compliance Disclosure
Bharat Gears Limited disclosed a violation of insider trading regulations on 29th May, 2026. The company became aware on 26th May, 2026 that certain unpublished price sensitive information (UPSI) relating to the company was shared/disclosed by the Joint Managing Director of the company to certain third parties and his personal lawyer Ms. Prerna Mahajan.
Nature of UPSI
The shared information pertained to the draft annual financial results and financial statements of the company for the quarter and year ended 31st March, 2026.
Board Meeting Context
The meeting of Board of Directors of the company was scheduled to be held on 30th May, 2026 to consider and approve the annual financial results and financial statements for the quarter and year ended 31st March, 2026, in accordance with applicable law and SEBI LODR Regulations.
Violation Details
The sharing of UPSI by the Joint Managing Director constitutes a violation of Code of Conduct for Prevention of Insider Trading. The company shall take such actions as may be considered appropriate based on the outcome of the inquiry and/or as may be required pursuant to applicable law, regulatory directions or directions of competent authorities.
Containment Measures
The company has ensured by sending a notice to the advocate (Ms. Prerna Mahajan) that the UPSI information shared with them by the Joint Managing Director shall not be disclosed or disseminated to any other person except as may be permitted under the SEBI Regulations & Company's Policy.
Not Specified Sections
Financial Results, Dividend Declaration, KMP/Board Changes, Auditor's Report, Disinvestment/Strategic Actions, Media Release/Investor Communication, Other Operational/Legal/Strategic Disclosures