According to a statement from the organisers, Sharma admitted to the Level 1 offence 2.1.5 of the IPL Code of Conduct for Players and Team Officials and accepted the sanction, as such there was no need for a formal hearing.
For Level 1 breaches of the IPL Code of Conduct, the match referee's decision is final and binding.
The incident took place in the fifth over of the Gujarat Lions innings last night with Sandeep bowling his third over.
This led to a heated confrontation between Sandeep and the umpire, with skipper Glenn Maxwell also expressing his displeasure over the decision.