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Refex Industries Limited ( (IN:REFEX) ) has issued an update.
Refex Industries Limited has announced that the Securities and Exchange Board of India (SEBI) has imposed a penalty of ₹10,00,000 on its Promoter, Chairman & Managing Director, Mr. Anil Jain, for alleged insider trading activities. The penalty is related to the communication of Unpublished Price Sensitive Information (UPSI) which led to unlawful gains. Mr. Jain plans to contest the penalty through legal channels. The company stated that the penalty is imposed on the individual and does not have any financial or operational impact on Refex Industries Limited.
More about Refex Industries Limited
Average Trading Volume: 132,444
Technical Sentiment Signal: Hold
Current Market Cap: 34.81B INR
See more data about REFEX stock on TipRanks’ Stock Analysis page.