Black Box reports insider trading violation involving Paras Jain

Yash Agarwal — Fri, 22 May 2026 07:08:18 +0000

Black Box Limited has reported a violation of its Code of Conduct for Prevention of Insider Trading, as per the SEBI (Prohibition of Insider Trading) Regulations. The breach involved Paras Jain, an Associate Vice President in Corporate Control & Consolidation at the company.

According to the report submitted by Black Box, Paras Jain purchased one equity share of the company on August 28, 2025, valued at ₹464.80. This transaction was identified as a contra trade, occurring within six months of a previous trade, which is against the company’s insider trading code.

The company issued a warning letter to Paras Jain, noting that the trade was insignificant in value and was conducted inadvertently without the intention of violating the regulations or gaining undue advantage. Black Box has stated that there have been no previous instances of such violations since the last financial year.

No monetary penalty was collected from Paras Jain for this violation, and there were no transfers made to the SEBI Investor Protection and Education Fund (IPEF) in relation to this incident.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Paras Jain | Business Upturn

Black Box reports insider trading violation involving Paras Jain