Traded during blackout period

[Neerajfalcon383]

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Neerajfalcon383
PARTICIPANT
April 17, 2025 at 6:45 am

Hi,
I am an employee of X company (an Indian it mnc).
I mistakenly bought 70 and sold 70 share of my company inside the blackout window.
My company’s black out window was 23rd March to 29th April.

Location:India

I realised the mistake after some time and sold the stocks immediately.

I was unaware of these rules .

I know I did a mistake

What should I do?

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[Coolrani8125]

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Coolrani8125
PARTICIPANT
April 17, 2025 at 7:15 am

No need to worry you are literally nobody for them

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[Neerajfalcon383]

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Neerajfalcon383
OP
April 17, 2025 at 7:29 am

I did check my email for that trading blackout rules.
I did receive the mail on 23rd March regarding the rules.
I am scared shit here.🥲

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[Silentavinash5204]

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Silentavinash5204
PARTICIPANT
April 17, 2025 at 7:30 am

This is not applicable for all employees. Those rules need be followed by only employees who have access to sensitive information and moreover there will be internal protocols for them to submit all transactions for compliance purpose.

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[Expertking330]

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Expertking330
PARTICIPANT
April 17, 2025 at 8:10 am

No, for most companies the blackout rules apply for all employees and irrespective of the number of shares traded.

The best course of action is to contact Compliance team, share the details, and take a refresher compliance course, if Compliance views it as a genuine case of oversight. If they want to go a bit stringent, they could gouge the profits from the said transaction.

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[Silentavinash5204]

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Silentavinash5204
PARTICIPANT
April 17, 2025 at 8:13 am

This may be limited to specific companies.

Got below response from chatgpt

The closure of the trading window is not applicable to all employees, only to those who are considered “designated persons” under the SEBI (Prohibition of Insider Trading) Regulations, 2015.

Who are “designated persons”?
These typically include:

Directors and key managerial personnel

Employees in finance, accounts, legal, investor relations, and other departments handling UPSI (Unpublished Price-Sensitive Information)

Promoters and their immediate relatives

Auditors, consultants, or any outsiders who might have access to UPSI

So, what about regular employees?
If a regular employee does not have access to sensitive information, the trading window restrictions usually do not apply to them. However, some companies may still include a broader group in their internal policy to be extra cautious.

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[Expertking330]

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Expertking330
PARTICIPANT
April 17, 2025 at 8:35 am

OP has added on another comment that he received an email on blackout on 23 March. So, for this company specifically, I have assumed it is for all employees, not just designated persons.

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[Shivanifalcon22]

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Shivanifalcon22
PARTICIPANT
April 17, 2025 at 8:58 am

To be safe, companies include all employees as they have nothing to lose.

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[Shivanifalcon22]

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Shivanifalcon22
PARTICIPANT
April 17, 2025 at 8:57 am

Don’t rely on chatgpt. Contact your compliance team. Unless you have access to sensitive information and have made huge profits, most likely you will be let go with a warning. If they find this out themselves, you can be fired.

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[Wiseguy1956]

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Wiseguy1956
PARTICIPANT
April 17, 2025 at 7:34 am

You have a committed an offence my friend, you will probably be called up my hr, warned not to do it again. That’s it. Nothing more

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[Sanketfox89]

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Sanketfox89
PARTICIPANT
April 17, 2025 at 10:48 am

Approach compliance and inform before they find it out, that can save you in some way

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[Silentkedar5691]

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Silentkedar5691
PARTICIPANT
April 17, 2025 at 12:00 pm

Approach compliance. You will get an earful. Move on.

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