WSI's Audit Committee reviewed a trading incident where Renaatus Procon Private Limited purchased 2,000 shares during the trading window closure period.
The entity was not classified as a Designated/Connected Person at the time due to incomplete disclosure, resulting in a classification gap rather than a PIT violation.
The company adopted a conservative approach to compute notional gain using weighted average purchase price and benchmark closing price for potential disgorgement.
Corrective actions include updating classification records, strengthening internal controls, and temporary freezing of securities during review.