Description
SEBI issues release order for Nitin Kumar Garg (PAN: AIXPG1991K) in the matter of suspected insider trading activity in Nucleus Software Exports Limited scrip under Certificate No. 8963 of 2025.
Summary
SEBI has issued a Release Order for Nitin Kumar Garg (PAN: AIXPG1991K) in connection with suspected insider trading activities in the scrip of Nucleus Software Exports Limited. The order is issued under Certificate No. 8963 of 2025, indicating that the recovery proceedings or compliance requirements related to this enforcement matter have been satisfied.
Key Points
- Entity: Nitin Kumar Garg (PAN: AIXPG1991K)
- Matter: Suspected insider trading activity in Nucleus Software Exports Limited
- Certificate Number: 8963 of 2025
- Action: Release Order issued
- Stock involved: Nucleus Software Exports Limited
Regulatory Changes
No new regulatory changes. This is an enforcement/recovery action concluding previously initiated proceedings.
Compliance Requirements
The release order indicates that the defaulter has complied with the recovery certificate requirements or the matter has been otherwise resolved. No ongoing compliance obligations are specified in this release order.
Important Dates
- Order Date: January 7, 2026
- Certificate No.: 8963 of 2025
Impact Assessment
This release order has minimal market impact as it pertains to the conclusion of individual enforcement proceedings. The order signifies that recovery actions under Certificate No. 8963 of 2025 have been completed or satisfied. Investors in Nucleus Software Exports Limited should note this as part of the historical regulatory actions related to the scrip, though it does not impose any new restrictions or obligations on the company or other market participants.
Impact Justification
Release order indicates compliance with recovery proceedings; limited market impact as it pertains to individual defaulter case resolution