Violation Details
Designated Person: Ankit Ozarker (PAN: AANPO5059Q)
Designation: General Manager
Functional Role: Production Planning
Promoter/Promoter Group Status: No
Transaction Information
Scrip: Waaree Energies Limited (BSE: 544277, NSE: WAAREEENER)
Transaction Date: July 8, 2026
Transaction Details: 149 pledged equity shares valued at approximately ₹4.21 lakhs were invoked by the financial institution
Cause of Violation
The shares pledged by the designated person were invoked by the financial institution due to a shortfall or non-payment of the margin requirement in respect of the loan secured by the pledge of the Company's shares.
Action Taken by Company
The Company has issued a written warning to Mr. Ankit Ozarker to take necessary precaution and to ensure that adequate margin money is always maintained in respect of the shares pledged and to further ensure strict compliance with the Code of Conduct and the SEBI PIT Regulations.
Rationale for Action
The Company considered that the invocation of the pledged shares was triggered due to a shortfall/non-payment of the margin requirement under the loan arrangement, was not initiated by the designated person as a voluntary trade, involved an immaterial quantity of shares, and there was no intention to violate the provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015.
Previous Violations
No previous instances of violations since last financial year.
Financial Implications
No amount collected for Code of Conduct violation(s). Not applicable for transfer to SEBI – IPEF.
Additional Information
No other relevant information provided.