MEMahindra EPC Irrigation523754Governance policy update

Board adopts amended Code for Fair Disclosure of Unpublished Price Sensitive Information

Mahindra EPC Irrigation's Board adopted an amended Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI) on October 15, 2026.

By ScoutQuest · Thu 15 Oct 2026, 8:56 PM IST · 4 min read

Board Adoption Date

October 15, 2026

Regulation Cited

Regulation 8(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015

Submitted To

NSE and BSE

Mahindra EPC Irrigation has informed the stock exchanges that its Board of Directors adopted an amended Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI) at its meeting held on October 15, 2026.

What was shared

• The intimation is made under Regulation 8(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.
• The amended Code was adopted by the Board at its meeting held the same day.
• A copy of the Code is enclosed with the update and will be uploaded on the company's website, www.mahindrairrigation.com.
• The letter is signed by the Company Secretary and Compliance Officer.

What the Code sets out

It is framed under Regulation 8 read with Schedule A of the SEBI PIT Regulations, to lay down how the company discloses UPSI in a consistent, transparent, regular and timely way. The Code and any amendments are to be published on the company's website.

• Prompt public disclosure of UPSI that could impact price discovery, once credible and concrete information exists.
• Uniform and universal dissemination of UPSI, to avoid selective disclosure.
• A Company Secretary or a senior officer is designated as Chief Investor Relations Officer (CIRO) to deal with dissemination and disclosure of UPSI.
• If UPSI gets disclosed selectively or accidentally, the person responsible must inform the CIRO immediately, and the CIRO will promptly make the information generally available.
• Information shared with analysts and research personnel is not UPSI, and transcripts or records of analyst meetings and investor conferences are to be placed on the website.
• All UPSI is to be handled on a need-to-know basis.

What is treated as UPSI

• Financial results
• Dividends
• Change in capital structure
• Mergers, de-mergers, acquisitions, delistings, disposals and expansion of business
• Changes in key managerial personnel (other than due to superannuation or end of term) and resignation of a Statutory Auditor or Secretarial Auditor
• Change in rating(s), other than ESG rating(s)
• Fund raising proposed to be undertaken
• Agreements which may impact the management or control of the company
• Fraud or defaults by the company, its promoter, director, key managerial personnel or subsidiary, or arrest of a key managerial personnel, promoter or director
• Resolution plan, restructuring or one-time settlement in relation to loans or borrowings from banks or financial institutions
• Admission of winding-up petitions and insolvency resolution process matters
• Initiation of forensic audit and receipt of the final forensic audit report
• Action(s) initiated or orders passed by regulatory, statutory, enforcement or judicial bodies against the company or its directors, key managerial personnel, promoter or subsidiary
• Outcome of litigation(s) or dispute(s) that may impact the company
• Giving guarantees, indemnity or becoming a surety for a third party outside the normal course of business
• Granting, withdrawal, surrender, cancellation or suspension of key licences or regulatory approvals

Responding to market rumours

• The company will generally not respond to market rumours, speculative reports or media comments unless required under applicable law or considered necessary to prevent a false market in its securities.
• The CIRO decides whether a public announcement is necessary to verify or deny a rumour, and may consult the Managing Director, Executive Director(s), Chief Executive Officer, Chief Financial Officer or the Disclosure Committee.
• Where a reported event in mainstream media is not general in nature and indicates rumours of an impending specific material event circulating among investors, the company will confirm, deny or clarify as soon as reasonably possible and not later than twenty-four hours from the reporting of the event or information.
• If the company confirms the reported event or information, it will also provide the current stage of that event or information.
• Where a stock exchange seeks clarification or verification of a market rumour, or where disclosure is required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 or other applicable law, the company will make appropriate disclosure or clarification to the exchanges promptly. A press release may also be issued for the information of general investors.

How a retail investor can read this

This is a policy and governance update about how the company manages and discloses price-sensitive information internally and to the market. It describes the framework for timely, uniform disclosure and for responding to market rumours. It is not a statement about the company's business performance or about any transaction.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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