Date: November 5, 2026

KMP / Board / Auditor Changes

Not Specified

Dividend Declaration or Non-Declaration

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Board Meeting Outcomes

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Financial Results

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Disinvestment / Strategic Actions

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Other Operational / Legal / Strategic Disclosures

SEBI Insider Trading Violation Report

Violation Details:

  • Reported violation of Company's Code of Conduct for Prevention of Insider Trading
  • Violator: Mr. Madhu Ashar (PAN: ******281L), Designated Person and Promoter Group member
  • Functional Role: No role in company affairs
  • Violation Type: Execution of Contra Trades in company shares

Transaction Details:

  • Script: BSE: 544244, NSE: GALAPRE
  • Buy Transaction: 364 shares on June 18, 2026 for ₹3,70,916
  • Sell Transaction 1: 1,000 shares on June 18, 2026 for ₹10,50,000
  • Sell Transaction 2: 12,364 shares on June 22, 2026 for ₹1,40,63,308.16

Audit Committee Action:

  • Noted that Mr. Madhu Ashar (aged approximately 89 years) is not involved in day-to-day business operations
  • Determined violation was inadvertent error - he had obtained pre-clearance for sale but accidentally purchased shares
  • Immediate sale upon realizing the mistake
  • Committee considered: advanced age, inadvertent nature, small quantity involved, non-involvement in operations

Disciplinary Measures:

  • Formal warning letter issued
  • Monetary penalty of ₹5,000 imposed
  • Advised to strictly observe Company's Code on Insider Trading and SEBI PIT Regulations
  • Warning that future violations would result in more stringent disciplinary action

Financial Settlement:

  • Penalty amount: ₹5,000
  • Transfer mode: Online to SEBI - IPEF
  • Bank Details: HDFC Bank Ltd., Sharad Kunj, Dr. Moose Road, Talaopali, Thane (West), Thane - 400602, Maharashtra
  • Account No.: 50200015704666
  • IFSC code: HDFC0000146
  • UTR/Transaction reference: Awaiting
  • Transaction date: Awaiting

Compliance Officer:

  • Pooja Ladha, Company Secretary and Compliance Officer
  • Digital signature verification provided

Regulatory Reference:

  • Filed pursuant to SEBI Circular SEBI/HO/ISD/ISD/CIR/P/2020/135 dated July 23, 2020
  • Schedule B read with Regulation 9 (1) of SEBI (Prohibition of Insider Trading) Regulation, 2015