New Delhi: Canara HSBC Life informed stock exchanges that it has reported a minor, inadvertent breach of its Code of Conduct for Prevention of Insider Trading under the SEBI (Prohibition of Insider Trading) Regulations, 2015, and taken corrective action by issuing a warning letter to the concerned employee.
According to the filing, the transaction was carried out by the immediate relative of a designated person during the trading window closure. The designated person, Jikisha Maloo, is a senior manager in the actuarial function, while the trade was executed by her mother, Kanta Maloo. The trades involved the purchase of 52 shares of Canara HSBC Life in January 2026 for a total value of ₹7,177.
The company said it has issued a warning letter and reiterated the need for strict compliance with the code, adding that this was the first instance of such a violation. It also recorded that the employee confirmed in writing she was unaware of the transaction at the time and that there was no exchange or communication of any unpublished price-sensitive information, terming the trade inadvertent.
The disclosure was made to both National Stock Exchange of India and BSE Limited in line with SEBI’s master circular requirements. The insurer said no monetary penalty was imposed, consistent with its penalty matrix for a first-time, minor breach.