Nitin Spinners Limited ( (IN:NITINSPIN) ) just unveiled an update.
Nitin Spinners Limited has reported a disclosure under SEBI’s Prohibition of Insider Trading (PIT) regulations. The company addressed a violation by Mr. Dhirendra Kumar Sachan, Vice President of the Weaving Production Department, for executing a contra-trade during a closed period. He was not in possession of any unpublished price-sensitive information, and it was his first violation. The company has taken disciplinary action, including seeking an explanation, issuing a warning letter, and levying a penalty equivalent to the profit earned from the trade. This action underscores the company’s commitment to regulatory compliance and maintaining ethical standards.
More about Nitin Spinners Limited
Nitin Spinners Limited operates in the textile industry and is a well-known producer of high-quality cotton yarns and fabrics. The company is recognized for its use of premium SUPIMA and COTTON USA certified cottons, catering to both domestic and international markets.
YTD Price Performance: -27.71%
Average Trading Volume: 14,383
Current Market Cap: 18.49B INR
See more data about NITINSPIN stock on TipRanks’ Stock Analysis page.