Shivalik Rasayan Discloses Former Director’s Sale of 50,000 Shares Under Insider Trading Regulations
Shivalik Rasayan Limited has informed the stock exchanges that it has received a disclosure from Mr. Sanjay Bansal, Former Director (Connected Person), regarding the sale of 50,000 equity shares of the company through the open market.
The disclosure has been made in accordance with Regulation 7(3) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, ensuring transparency in trading activities by designated and connected persons.
Company Receives Insider Trading Disclosure
In its filing with the BSE and the National Stock Exchange (NSE) dated August 5, 2026, Shivalik Rasayan stated that it received Form D from Mr. Sanjay Bansal, who is classified as a Connected Person under the SEBI Insider Trading Regulations.
The filing relates to the sale of 50,000 equity shares executed through the open market.
The company clarified that the disclosure has been submitted as part of its compliance obligations under the SEBI (Prohibition of Insider Trading) Regulations.
Regulatory Compliance
The stock exchange filing was made under:
- Regulation 7(3) of the SEBI (Prohibition of Insider Trading) Regulations, 2015
- Read with Regulation 6(2)
- Submission through Form D, which is prescribed for reporting trading by connected persons.
These disclosures help maintain market transparency by informing investors about share transactions carried out by insiders and connected persons.
Key Highlights
| Particular | Details |
|---|---|
| Company | Shivalik Rasayan Limited |
| Date of Disclosure | August 5, 2026 |
| Person Making Disclosure | Mr. Sanjay Bansal (Former Director & Connected Person) |
| Nature of Transaction | Sale of Equity Shares |
| Number of Shares Sold | 50,000 Equity Shares |
| Mode of Sale | Open Market |
| Regulatory Provision | Regulation 7(3) read with Regulation 6(2) of SEBI (PIT) Regulations, 2015 |
| Disclosure Form | Form D |
Does This Impact the Company?
The filing is primarily a regulatory compliance disclosure and does not indicate any operational or financial change in Shivalik Rasayan’s business.
Such disclosures are mandatory whenever designated persons or connected persons undertake transactions beyond prescribed thresholds. They are intended to promote transparency and strengthen investor confidence in the securities market.