Marathon Nextgen Realty Limited reports a violation of its Code of Conduct and SEBI (Prohibition of Insider Trading) Regulations, 2015 by Mr. Shrinivas Mallesh Ubdi, Assistant Vice President, Project Execution.
Mr. Ubdi traded in the company's shares without obtaining pre-clearance and delayed reporting the trades.
Trades included:
Purchased 2,500 shares on May 6, 2024.
Sold 500 shares on May 27, 2024.
Sold 2,800 shares on June 3, 2024.
Purchased 800 shares on June 5, 2024.
Sold 2,000 shares on June 18, 2024.
The company issued a written warning to Mr. Ubdi and directed him to disgorge the profits from the trades.
Mr. Ubdi has transferred ₹79,355 to the SEBI Investor Protection and Education Fund on May 29, 2025, via online remittance (UTR: AXOMB40002489002/S).