SEBI Advises Internal Controls Review for Garware Hi-Tech Films Limited Regarding Insider Trading Records
Garware Hi-Tech Films Limited has received communication from the Securities and Exchange Board of India (SEBI) concerning the maintenance of Stock Disclosure Documents (SDD) and the implementation of robust internal controls. The advice pertains to compliance with Regulation 3(5) of Chapter II of the SEBI (Prohibition of Insider Trading) Regulations, 2015.The company received the letter dated April 08, 2026, through an email on April 15, 2026, from the National Stock Exchange (NSE).
SEBI advised the company to ensure that proper checks and balances, along with a robust internal controls system, are in place for the maintenance of SDD.
Key Findings and Period Scope
During the communication, the authority noted several areas requiring attention regarding the documentation process.The financial implications of the communication were noted as having No Impact on the listed company. However, the authority identified specific aberrations and non-compliances, including a time gap in sharing and uploading entries and instances where the time of information sharing was not captured, or entries were not maintained in chronological order.
The advice and review periods cited in the communication span the following timelines:
| Period | Start Date | End Date |
|---|---|---|
| First Period | July 1, 2021 | August 29, 2021 |
| Second Period | January 1, 2024 | March 8, 2024 |
| Third Period | June 20, 2024 | August 5, 2024 |
Company Action
In response to the guidance, Garware Hi-Tech Films Limited stated that the company shall ensure that proper checks and balances and an internal controls system are established for the maintenance of SDD.The company confirmed that no penalty, restriction, or sanction was imposed as a result of the communication.
GRWRHITECH Stock Price Movement
Today, Garware Hi-Tech Films Limited shares slipped by 1.24% to settle at ₹3,967.30 in post-market trading. The stock saw significant movement, trading on a total volume of 74,624 shares today.Source:
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