Semiconductor stock falls 10% after its MD receives notice from SEBI for insider tradingSemiconductor stock falls 10% after its MD receives notice from SEBI for insider trading

Introduction:

Leading semiconductor company’s Managing Director has received a Show-Cause Notice from SEBI over alleged violations in maintaining a Structured Digital Database (SDD) related to financial results. The company is reviewing the notice and assures full cooperation with regulatory authorities to resolve the matter.

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Share price movement of Kaynes Technology:

On March 12, 2025, Kaynes Technology India Ltd opened at ₹4,090.15, down 5.01% from its previous close of ₹4,305.70. The stock reached a high of ₹4227.95 and a low of ₹3,893.85. By 9:45 AM, it traded at ₹4,116.00, down 4.41%, with a market cap of ₹26,346.83 crore.

Kaynes Technology MD Receives SEBI Show-Cause Notice:

Kaynes Technology India Limited’s Managing Director, Ramesh Kunhikannan, has received a Show-Cause Notice from SEBI dated March 10, 2025. The notice alleges violations in maintaining a Structured Digital Database (SDD) related to financial results for March 31, 2023, under insider trading regulations.

The company is reviewing SEBI’s allegations and plans to take appropriate legal and procedural steps. It has assured full cooperation with the regulator to resolve the matter. The notice pertains to compliance with SEBI’s Prohibition of Insider Trading (PIT) Regulations, 2015, regarding financial data handling.

Kaynes Technology has disclosed the regulatory development per SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. The company has posted the information on its official website and has urged stakeholders to acknowledge the update while ensuring regulatory compliance.

Recent news on Kaynes Technology:

As of March 05, 2025, Kaynes Technology is set to commission a pilot production line for its ₹3,300 crore semiconductor unit in Sanand, Gujarat, by June 2025. It has also partnered with Alpha and Omega Semiconductor for a multi-year deal.

Stock performance of Kaynes Technology for Period of 1 week, 6 months, and 1 year:

Kaynes Technology delivered a 2.90% gain over the past week but saw a 19.5% decline over six months. However, its long-term performance remains strong, with a 50.4% rise over the past year, reflecting sustained investor confidence in the company.

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Shareholding pattern of Kaynes Technology:

Particulars	Dec 2024	Sep 2024	Jun 2024
Promoter	57.80%	57.80%	57.80%
FII	15%	15%	14%
DII	15%	16%	18%
Public	12.40%	11.30%	10.00%

About Kaynes Technology:

Kaynes Technology India Ltd (NSE: KAYNES), incorporated in 2008, is a leading electronics manufacturing company offering end-to-end and IoT-enabled solutions. It serves industries like automotive, aerospace, defense, medical, IT, railways, and more, providing design, engineering, manufacturing, and life-cycle support.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.