Fair Disclosure Code under PIT Regulations available on company website
Dudani Retail Ltd has told BSE that its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information is available on its website, at the link given in the update.
What the company informed
Dudani Retail Ltd has informed BSE that its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information is available on the company's website. The code has been framed under Regulation 8(1) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the intimation to the exchange is being made under Regulation 8(2) of the same regulations. The update provides the web link where the code can be viewed: https://divenaworld.com/pages/investors-relations1
What this code is, in simple terms
- A listed company can sometimes hold information that could move its share price if it became public, such as results, a large order or a major event. Such information is called unpublished price sensitive information, or UPSI.
- The fair disclosure code is the company's own written set of rules on how it will share such information with the public, so that all investors get it at the same time instead of a few people learning it first.
- Regulation 8(2) requires the company to tell the exchanges where this code is kept so that any investor can go and read it.
What the intimation contains
- The subject line refers to Regulation 8(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.
- The stated action is that the code is available on the company's website at the link given.
- The letter is signed by Akshay Dudani, Managing Director, with DIN 07344754.
- It is addressed to BSE Limited, Listing Department, and quotes the company's scrip code 544961.
How a retail investor can read this
- This is a disclosure about the availability of a policy document, not an announcement about the company's business, earnings, orders or shareholding.
- A reader who wants to know the company's rules on how price-sensitive information is handled and disclosed can open the link given in the update and read the code.
- The update states the position as of the date of the letter; it does not set out any other change or event.
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