Crompton Greaves employee penalized for insider trading code breach

Crompton Greaves Consumer Electricals Limited reported a violation of its Code of Conduct under SEBI (Prohibition of Insider Trading) Regulations, 2015, by saikat bhattacharjee, associate vice president, marketing – pumps. Bhattacharjee pledged 5,000 shares of CROMPTON on September 2, 2025, without obtaining pre-clearance from the compliance officer, a transaction valued at INR 16,76,250.

The Insider Trading Monitoring Committee (ITMC) levied a monetary penalty of INR 83,812.50, representing 5% of the traded value. Although the violation was deemed unintentional, the ITMC enforced the penalty due to the breach of the company's code.

The penalty amount, which included a convenience fee, was transferred online to SEBI - IPEF on October 7, 2025. This incident highlights Crompton Greaves' commitment to enforcing its insider trading regulations.