Kaynes Technology India Limited Former Executive Settles SEBI Case
Kaynes Technology India Limited announced that Mr. Ramesh Kunhikannan, the former Managing Director, has initiated a settlement procedure with the Securities and Exchange Board of India (SEBI) regarding a show-cause notice received on March 11, 2025.The Adjudicating Officer of SEBI issued a Settlement Order on March 27, 2026, concluding adjudication proceedings under Section 15JB of the SEBI Act and Regulation 23(1) of the SEBI (Settlement Proceedings) Regulations, 2018.
The Settlement Order addresses allegations of a violation of Regulation 3(5) under Chapter II of the SEBI (Prohibition of Insider Trading) Regulations, 2015. Mr. Kunhikannan paid a penalty of 23,42,600 rupees. The company stated that the penalty was paid from Mr. Kunhikannan’s personal account and that the order has no material impact on the financials or operations of Kaynes Technology India Limited.
Further details of the Settlement Order are available on the company’s website at https://www.kaynestechnology.co.in/.
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