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TITAGARH RAIL SYSTEMS LIMITED Director's Dealing 2021
61815_rns_2021-06-18_4f266fa0-0d92-458c-b160-bc3f37c54241.pdf
Director's Dealing
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18" June, 2021
National Stock Exchange of India Limited (NSE) Exchange Plaza Bandra-Kurla Complex Bandra (E), Mumbai-40005 1] Scrip Code: TWL (EQ)
BSE Limited (BSE) Phiroze Jeejeebhoy Towers Dalal Street, Mumbai-400001 Scrip Code: 532966
Sub.: Reporting to Stock Exchanges regarding violation under SEBI (Prohibition of Insider Trading) Regulations, 2015 relating to the Code of Conduct (CoC)
Ref.: SEBI circular no. SEBI/HO/ISD/ISD/CIR/P/2020/135 dated July 23, 2020
Madamn/Sir,
We refer to the captioned subject and enclose herewith the report by the Company of the inadvertent violation relating to Code of Conduct under SEBI (Prohibition of Insider Trading) Regulations, 2015 in the format of Annexure-A- as prescribed by the SEBIJ_ circular no. SEBI/HO/ISD/ISD/CIR/P/2020/135 dated July 23, 2020.
Please take the same on record.
Thanking you,
Yours faithfully, For TITAGARH WAGONS LIMITED
Sumit Tarrnwok
Sumit Jaiswal Company Secretary
Encl.: As Above
TITAGARH WAGONS LIMITED
CIN: L27320WBI997PLC084819 Registered & Corporate Office: Titagarh Towers, 756 Anandapur, E. M. Bypass, Kolkata - 700 107, India Phone : +91 33 4019 0800 | Fax: + 9133 4019 0823 | Email : [email protected] | Web: www.titagarh.in
Report by Titagarh Wagons Limited for violations related to Code of Conduct under SEBI (Prohibition of Insider Trading) Regulations, 2015.
Schedule B read with Regulation 9 (1) of SEBI (Prohibition of Insider Trading) Regulations, 2015
| Report | TITAGARHWagonsTitagarhLimitedbyfor(Prohibition of Insider Trading) Regulations, 2015. | lyAnnexure - AConductSEBICodeunderviolations relatedofto |
|---|---|---|
| of SEBI (ProhibitionSchedule B read with Regulation 9 (1) | of Insider Trading) Regulations, 2015 | |
| Sr.No. | ParticularsName of the listed company/ | DetailsTitagarh Wagons Limited |
| ] | Intermediary/Fiduciary | |
| 2 | Please tick appropriate checkbox | Listed Company |
| Reporting in capacity of : | ||
| C1 Listed Company | ||
| L] Intermediary | ||
| UO) Fiduciary | ||
| 3 | Details of Designated Person (DP) A. | |
| Name of the DPi. | Shri Sajeev Mullankandy Poovadan | |
| PAN of the DPii. | ANWPS1984L | |
| Designation of DPiii. | Vice President - Defence & Bridges | |
| Functional Role of DPiv.- | Defence & Bridges, Marketing etc. | |
| Whether DP is Promoter orVv.to Promoter Groupbelongs | No | |
| If Reporting is for immediate relative of DPB. | ||
| i. Name of the immediate relative of DP__ Not Applicable | ||
| ii. PAN of the immediate relative of DP | Not Applicable | |
| Details of transaction(s)C. | ||
| Name of the scripi. | TITAGARH WAGONS LIMITEDNSE — TWL (EQ)BSE — 532966 | |
| Noof shares traded and valueii.(Rs.) (Date- wise) | Sold/Transferred 500 (Five Hundred) Equity shares @Rs. 58.60/- per share, aggregating Rs. 29,300/- (RupeesTwenty nine thousand three hundred only) on1* June,2021. | |
| In case value of trade(s) is more than Rs, 10 lacsD. | in a calendar Quarter | |
| Dateintimationofi.concernedtrade(s) byDP/director/promoter/promoterCompanygroupundertoSEBIregulation(PIT)of7 | of Not Applicable | |
| Regulations, 2015 |
TITAGARH WAGONS LIMITED
CIN: L27320WBI997PLC084819
Registered & Corporate Office: Titagarh Towers, 756 Anandapur, E. M. Bypass, Kolkata - 700 107, India Phone : +91 33 4019 0800 | Fax: + 9133 4019 0823 | Email : [email protected] | Web: www.titagarh.in
| f- | ||
|---|---|---|
| TITAGARH | ||
| Dateof intimationof trade(s)i.Companyto —stockbyexchanges under regulation 7 of | Not Applicable | |
| 4 | SEBI (PIT)Regulations, 2015Details of violations observed under Codeof Conduct | Companyduring theSold500equitysharesof thetrading window closure period. (Trading window wasclosed from Thursday, 1° April, 2021 and reopened inThursday, thethe afternoon2021,10" June,onie.after the expiry of 48 hours from the declaration ofFinancial Results for the year and quarter ended 31°March, 2021 on8" June, 2021) |
| 5 | Action taken by Listed company/Intermediary/ Fiduciary | The Company by its email/letter to Shri M.P. Sajeevdirected him to pay a fine equivalent to the gain madefrom the sale of shares, i.e. Rs. 4,376/- (Rupees Fourhundredthousandseventyonly)threesix(i.e.disgorgement of the profit) and imposed a temporaryfurther trading/dealingbansharesnoof thei.e.inCompany till 31" March, 2022 shal! be done either bymonthshimself or onbehalf, which(nine)hisis 9from the end of the month in which the sale of shareswas made. |
| Further, he has also been advised to strictly complywith the Insider Trading Regulations and the subjectCode of Conduct of the Company and ensure that thesame is not violated by him in future and also warnednon-compliancewouldanystringentresultthatindisciplinary action. | ||
| 6 | Reasons recorded in writing for takingaction stated above | The DP is Vice President - Defence & Bridges of theCompany (two levels below the CEO). However, theDP does not exercise any contro] over the day to daymakingmaywhichdecisionaffairsresultorininfluencing the price of shares of the Company. |
| The following aspects have inter-alia been consideredbefore deciding the action taken against DP for theaforesaid violation:As submitted by DP, it was an inadvertent trade as1.wasawareclosuretradinghenotoftheofwindow and that the timing of the sale was purelyunintentional.DPunpublishedwaspossessionof anynot2.inprice sensitive information of the Company.wwIt is a first time violation.DPbackgroundfromtechnicalandnot4.isaproficient in financial matters.muchThevaluetransactionofthenot5.issignificant.DPassurance/undertakingWrittenfromnotto6. |
TITAGARH WAGONS LIMITED
CIN: L27320WBI997PLC084819
| fy | |||
|---|---|---|---|
| Company'sall sharesfuturedealtheininatComplianceconfirmingwithoutOfficertheregarding the compliance as may be applicable. | |||
| 7 | previousinstancesDetailsofoftheviolations,last financialany,sinceifyear | It is a first time violation by DP. | |
| 8 | If any amount collected for Code of Conduct violation(s) | ||
| i. Mode of transfer to SEBI - IPEF(Online/Demand Draft)ii. Details of transfer/payment | Online | ||
| In case of Online:Particulars | Details | ||
| Name of the transferor | Tita garh Wagons Limited | ||
| Bank Name, branch andAccount number | ICICI! BankRNMukherjee Road,Court Branch,Rasoi20,Kolkata — 700001Account No. - 000651000231 | ||
| UTR/Transaction reference Number | CMS/000809492767/T WLI 60621 | ||
| Transaction date- | 18" June, 2021 | ||
| In case of Demand Draft (DD): N.A. | |||
| Particulars | Details- | ||
| Bank Name and branch | |||
| "DD Number | |||
| DD date | |||
| DD amount (in Rs.) | |||
| 9 | relevant information[Any other | SajeevM.P.emaildated10.06.2021]ShribyhismadeconfirmedinadvertentwastradethalanitCompany'swithoutviolateInsiderintentthetoSEBITrading Policy(Prohibitionof Insideror theRegulations,Trading)2015he was notandalsoinUnpublishedpossessionanySensitivePriceofrmation (UPSI) of the Company while making theInfoaforesaid sale of shares. |
Date: 18" June, 2021 Place: Kolkata
Yours faithfully, For TITAGARH WAGONS LIMITED
Sumit Jaiswal Company Secretary PAN: APHPJ7651J E-mail ID: [email protected]
TITAGARH WAGONS LIMITED
CIN: L27320WB1997PLCO084819 Registered & Corporate Office: Titagarh Towers, 756 Anandapur, E. M. Bypass, Kolkata - 700 107, India Phone : +9133 4019 0800 | Fax: + 91 33 4019 0823 | Email : [email protected] | Web: www.titagarh.in