To
All Trading Members of the Exchange
Sub: INTERIM EX PARTE Order UNDER SECTIONS 11(1), 11(4) AND 11B(1) OF THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992 READ WITH SECURITIES AND EXCHANGE BOARD OF INDIA (PROHIBITION OF INSIDER TRADING) REGULATIONS, 2015, IN THE MATTER OF INSIDER TRADING IN THE SHARES OF LUX INDISTRIES LTD.
SEBI vide its order no. WTM/SM/ISD/56/2021-22 dated December 24, 2021 has inter-alia issued following directions:
· All the Entities viz, Entity no. 1 to 14 are restrained from buying, selling or dealing in securities, either directly or indirectly, in any manner whatsoever until further orders.
· If the entities have any open position in any exchange traded derivative contracts, as on the date of the order, they can close out/square off such open positions within 3 months from the date of the order or at the expiry of such contracts, whichever is earlier. The entities are permitted to settle the pay-in and pay-out obligations in respect of transactions, if any, which have taken place before the close of trading on the date of this order.
· It is clarified that during the period of restraint, the existing holding of securities of the aforesaid Entities including units of mutual funds, shall remain frozen.
· It is clarified that for the Entities no. 11 and 14, the restraint issued under the above direction in paragraph 81(a) of this Order, shall operate and remain in force for their proprietary trades only and not for trades to be executed by their clients.
This Order is effective from the date of the order.
A copy of the said Order is attached herewith and available on the SEBI website www.sebi.gov.in.
Trading members are advised to take note of the same and ensure compliance.
Jeevan Noronha Rohan Shetty
Asst.General Manager Assistant Manager
Regulatory Correspondence Surveillance
Date: December 24, 2021 |