Stories
SEBI Fines Supriya Kothari Rs 10 Lakh for Non-Cooperation in Wipro Probe
C
CNBC TV18•13-10-2026, 16:35
SEBI Fines Supriya Kothari Rs 10 Lakh for Non-Cooperation in Wipro Probe
- •SEBI penalized Supriya Kothari Rs 10 lakh for failing to cooperate with an investigation into suspected insider trading in Wipro Ltd shares.
- •Kothari repeatedly ignored summons, reminders, and a show-cause notice sent by the market regulator between September 2025 and April 2026.
- •The regulator noted that Kothari deliberately dodged proceedings and failed to provide requested trading documents and information.
- •SEBI proceeded ex parte after Kothari failed to attend a scheduled personal hearing and missed submission deadlines.
- •Kothari has been directed to pay the penalty within 45 days of receiving the order through SEBI's online payment facility.
Key Questions Answered
SEBI fined Supriya Kothari ₹10 lakh for failing to cooperate with an investigation into suspected insider trading involving Wipro Ltd shares by repeatedly ignoring summons, reminders, and requests for information.
The proceedings concerned violations of Sections 11C(3), 11C(6)(a), and 11C(6)(b) of the SEBI Act, 1992, for failing to provide information and documents sought during the regulatory investigation.
No, the order specifically concerns her failure to cooperate with the investigation and does not impose a penalty for an established insider trading violation.
