R P P Infra Projects Ltd Reports Compliance Action Following Insider Trading Violation
R P P Infra Projects Ltd has reported an instance of a code of conduct violation involving a Designated Person (DP) related to insider trading regulations. The company confirmed that the designated person was involved in a contra trade without obtaining pre-clearance, detailing the action taken to ensure compliance.The violation was identified as a failure by the Designated Person to obtain prior pre-clearance before executing the transaction. The company confirmed that the trade was executed by the Designated Person, Mr. P Selvasundaram (PAN: AJCPS0728C), which was noted to be an inadvertent contra trade and did not occur during a trading window closure period. The company stated that there was no evidence of the misuse of unpublished price sensitive information (UPSI).
The company took disciplinary action by ensuring the disgorgement of profits resulting from the aforesaid transaction. The profit amount of Rs. 4,28,560 was remitted to the Investor Protection and Education Fund (IPEF), which is administered by the Securities and Exchange Board of India (SEBI).
Details of the Designated Person and Transaction
The designated person involved in the transaction was Mr. P Selvasundaram. Additionally, the filing included details of an immediate relative, Mr. P Arulsundaram (PAN: ACGPA7995N).The total trade value analyzed for the compliance report reflected the following financial summary:
| Category | Total Shares Traded | Total Turnover Value | Net Profit/Loss Accrued |
|---|---|---|---|
| Cumulative Transactions | 76,676 | Rs. 1,13,37,591 | Rs. 4,28,558 |
The company confirmed that the disgorged profit amount was Rs. 4,28,560.
The company stated that given this was the first instance of non-compliance by the Designated Person, the action taken included ensuring the disgorgement of profits and reiterating the critical importance of adhering strictly to the Code of Conduct to prevent future recurrence.
The concerned party remitted the disgorged amount to the Investor Protection and Education Fund (IPEF) via an online transfer on April 16, 2026.
RPPINFRA Stock Price Movement
Today, R.P.P. Infra Projects Limited shares edged higher to close at ₹79.31, marking a solid gain of 4.61% for the session. The stock traded on a high volume of 64,813 shares, ultimately hitting a daily high of ₹79.7.Source:
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