By Admin 
In today’s era, while technology makes life easier, a small mistake can also cause huge losses. A similar case has come to light with the country’s leading dairy product company Hatsun Agro Product Ltd. A senior company official accidentally posted the draft of the quarterly results on his personal WhatsApp status even before the formal announcement.
Results posted on WhatsApp status by mistake
This incident happened around 5 pm on January 4, when the concerned officials were uploading some data on the internet for the Accounts Department. Meanwhile, by mistake the draft of the company’s quarterly results went on WhatsApp status, which remained visible for about an hour before being removed. During this time, 19 people saw the status, including some employees of the company.
The company informed NSE and BSE about this lapse on Monday and said that investigation has been started in the matter under the insider trading rules of SEBI. Also, a digital record is being prepared of those 19 people who saw this status. This incident has happened at a time when the company’s quarterly results have been very strong. Chennai-based Hatsun Agro’s net profit has increased by nearly 70 percent year-on-year to Rs 109.54 crore, in which Arun Ice Cream and Aarokya Milk brands played an important role.
Many companies made similar mistakes earlier also
This is not the first time that a company has made such a mistake. Earlier, Netherlands semiconductor company ASML Holding NV had also made its financial results public a day before the official announcement due to a technical glitch. Google also made a similar mistake in 2012, when the company’s financial information was posted instead of the CEO’s statement. In 2017, a big controversy arose when the results of many companies including Bata India and Wipro were leaked on WhatsApp even before the official announcement, after which SEBI took strict action against market chatter.
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