BLB Ltd. Receives Notification of Show Cause Notice to Promoter
BLB Ltd. (INE791A01024) announced today, March 19, 2026, that Promoter and Managing Director, Sh. Brij Rattan Bagri, has received a Show Cause Notice (SCN) from the Securities and Exchange Board of India (SEBI). The notice, initially received via email on March 13, 2026 (without annexures) and subsequently through post on March 17, 2026 (with annexures), relates to an alleged violation of Regulation 3(1) of the SEBI (Prohibition of Insider Trading) Regulations, 2015 concerning the company's scrip.According to a communication to the company, Sh. Bagri is seeking legal advice and will take appropriate steps to address the matter. BLB Ltd. clarified that the notice pertains to Sh. Bagri’s personal capacity and will not impact the company’s operations or financial performance.
The company made the disclosure in the interest of good corporate governance and transparency.
Details of the Show Cause Notice:
| Particulars | Details |
|---|---|
| Authority | Securities and Exchange Board of India (SEBI) |
| Nature of Action | Show Cause Notice under Rule 4(1) of the SEBI (Procedure for Holding Inquiry and Imposing Penalties) Rules, 1995 for alleged violation of the SEBI (Prohibition of Insider Trading) Regulations, 2015. |
| Date of Notice | March 13, 2026 (email), March 17, 2026 (post) |
| Alleged Violation | Regulation 3(1) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. |
| Impact on Company | The notice pertains to Sh. Brij Rattan Bagri in his personal capacity and has no impact on the financial, operational, or other activities of the Company. |
| Other Information | Sh. Brij Rattan Bagri is seeking legal advice and will take appropriate steps. |
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