Board adopts Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information
The Board of Directors has approved and adopted a Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information.
By ScoutQuest · · 1 min read
What was intimated
The company has written to the Listing/Compliance Departments of BSE Limited and the National Stock Exchange of India Limited to place on record a Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information.
- The Code has been approved and adopted by the Board of Directors of the company.
- It has been framed under Regulation 8(1) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.
- The intimation to the exchanges is made under Regulation 8(2) of the same regulations.
- The Code is also hosted on the company's website, in the "Codes and Policies" section, at the link shared with the exchanges.
What this Code is about
In simple terms, this is an internal rulebook on how and when the company shares price-sensitive information with the public. "Unpublished price sensitive information" means information that is not yet public and that could move the share price if it became known. The Code sets out how such information is to be disclosed fairly, so that no group of investors gets it before others.
What it means for a retail investor
- It is a policy and governance update, not a business or earnings event.
- The update carries no revenue, profit, order, capacity or shareholding figures.
- It reflects the company putting in place a written framework for fair and timely disclosure of information.
The company's compliance officer, Sundaram Balasubramanian Iyer (Company Secretary), has signed the intimation.
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