Kaynes Technology Share Price Declines Amid Regulatory Notice

Kaynes Technology Share Price Declines Amid Regulatory Notice

Market Performance

Shares of Kaynes Technology witnessed a sharp decline of over 8% during early trading on March 12, 2025. The significant drop marks the steepest decline in the company's share price in the last six weeks. At 11:12 AM on the National Stock Exchange (NSE), the stock was trading at ₹4,213.20, reflecting a loss of ₹78.15 (-1.82%). The day's trading range fluctuated between ₹3,898.00 and ₹4,258.75, with a recorded trading volume of 1,700,794 shares.

Regulatory Notice and Company Response

Kaynes Technology India has disclosed that the Securities and Exchange Board of India (SEBI) has issued a show-cause notice to its Managing Director, Ramesh Kunhikannan. The notice pertains to suspected violations in maintaining the Structured Digital Database (SDD) about financial results for March 31, 2023. These alleged violations are under the SEBI (Prohibition of Insider Trading) Regulations, 2015.

In response, the company stated that it is currently reviewing the notice and intends to take all appropriate legal and procedural measures. It has assured that the regulatory authority will receive a timely response.

Company Overview

Kaynes Technology India is an established electronics manufacturing firm that provides integrated electronics manufacturing solutions. The company operates in multiple industry segments and caters to both domestic and international markets.

Summary

The decline in Kaynes Technology's share price follows the disclosure of a regulatory notice issued by SEBI concerning insider trading regulations. The company has committed to addressing the issue through appropriate legal channels. Investors and stakeholders will be monitoring further developments closely as the situation unfolds.

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