The probe found that Bampsl made three transactions which resulted in changing its shareholding in the company.
However, on all occasions, Bampsl failed to disclose the change in shareholding to the company and on two occasions it made disclosures to the BSE but with wrong information and thereby violated PIT (Prohibition of Insider Trading) and SAST (Substantial Acquisition of Shares and Takeovers norms) regulations, Sebi said.
Under PIT and SAST, the entity is required to make disclosure to both company and the exchange where the scrips of company are listed.
The regulator said the entity "by not making disclosures and making disclosures having wrong information violated the provisions of PIT and SAST Regulations."
Accordingly, a fine of Rs 5 lakh was imposed on Bampsl Securities.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)