SEBI imposes fine on Suprajit Engineering
27th Aug 2020

Markets regulator Securities and Exchange Board of India (SEBI) has imposed a total fine of Rs 7 lakh on Suprajit Engineering and three individuals for violating insider trading norms. A fine of Rs 2 lakh has been slapped on Suprajit Engineering (SEL), Rs 3 lakh on Jayarama Shetty Mundaje, and Rs 1 lakh each on Mohan Srinivasan Nagamangala and Meddapa Gowda J, respectively.

Suprajit Engineering is India’s most preferred manufacturer of cables and instruments and meets the demand of virtually every major OEM in the automotive sector.