Garnet International Limited has reported an alleged insider trading violation involving a related Designated Person’s immediate relative who traded shares during the company’s trading window closure.

The Audit Committee has issued a show cause notice to the individual and is reviewing the matter.

The company is taking the issue seriously and will decide on further action soon.

This incident highlights the company’s commitment to enforcing its code of conduct and maintaining market integrity for shareholders.

No prior violations have been reported since the last financial year.