Adjudication Order in respect of Ms. Girija Kelath in the matter of Biocon Limited


Quick Summary
This adjudication order concerns Ms. Girija Kelath, a designated employee of Biocon Limited, and potential violations of SEBI's Prohibition of Insider Trading (PIT) Regulations, 2015. SEBI investigated Ms. Kelath's share transactions during a period when Biocon's trading window was closed. The company had informed designated employees, including Ms. Kelath, not to trade during this closure period.

Court :
SEBI

Brief :
UNDER SECTION 15-I OF SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992 READ WITH RULE 5 OF SEBI (PROCEDURE FOR HOLDING INQUIRY AND IMPOSING PENALTIES BY ADJUDICATING OFFICER) RULES, 1995.

Citation :
ADJUDICATION ORDERNo.: ORDER/AP/SK/2020-21/9141

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