WSI's Audit Committee reviewed a transaction by Renaatus Procon, a promoter group entity, which purchased 2000 shares during a trading window closure.
The committee found no UPSI violation but identified a disclosure gap, leading to post-facto classification and corrective actions.
A conservative disgorgement approach was adopted to compute any notional gain based on weighted average purchase price and benchmark closing price.
The disclosure is made for transparency and governance, although no PIT Regulations violation was established.