Intimation of Code of Fair Disclosure of Unpublished Price Sensitive Information under SEBI PIT Regulations

Shree TNB Polymers has intimated BSE that it has enclosed its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI).

Thu 8 Oct 2026

Regulation

Regulation 8(1) of the SEBI (Prohibition of Insider Trading) Regulations, 2015

Signed by

Niyati Vishal Shah, Company Secretary and Compliance Officer

Code signed for Board by

Rasikbhai Gokalbhai Bhalodi, Managing Director

What the company told the exchange

Shree TNB Polymers Ltd has informed BSE that it has enclosed its "Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information and determination of Legitimate Purposes", framed under Regulation 8(1) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

What this Code is about

• Unpublished Price Sensitive Information, or UPSI, is information about the company that is not public and which, if known, could affect the share price. The update names financial results, dividends, change in capital structure, mergers, demergers, acquisitions, de-listings, disposals, expansion of business, and changes in key managerial personnel as examples.
• The Code is the internal rulebook for keeping such information confidential until it is released to everyone at the same time.
• The objective stated is to set a standard framework for fair disclosure of UPSI, to preserve its confidentiality, and to prevent trading based on it.

The commitments listed in the Code

• Make prompt public disclosure of UPSI that would impact price discovery, once credible and concrete information comes into being.
• Make uniform and universal dissemination of UPSI, so that selective disclosure is avoided.
• The Compliance Officer of the company will act as Chief Investor Relations Officer for dissemination of information and disclosure of UPSI.
• If UPSI gets disclosed selectively, inadvertently or otherwise, disseminate it promptly to make it generally available.
• Give appropriate and fair response to queries on news reports and to requests for verification of market rumours by regulatory authorities.
• Ensure that information shared with analysts and research personnel is not UPSI.
• Handle all UPSI on a need-to-know basis.
• Develop the practice of keeping transcripts or records of meetings with analysts and investor relations conferences, and of uploading them on the website.

What counts as a legitimate purpose

Sharing of UPSI by an insider is deemed to be for a "Legitimate Purpose" only if the stated criteria are met. The information must be shared on a need-to-know basis, with persons who need it to discharge their duty and whose possession of it will not give rise to a conflict of interest or the appearance of misuse. It must be shared with external agencies only in the interest of the company or to comply with law, and in the ordinary course of business with partners, collaborators, lenders, customers, suppliers, bankers, merchant bankers, legal advisors, auditors, insolvency professionals or other advisors or consultants, and not to evade the insider trading prohibitions. The insider must also ensure the recipient is bound by the Code, through a notice by email, a letter, a clause in the contract, or a confidentiality agreement.

Restriction on trading

Any person who receives UPSI under a legitimate purpose must keep it confidential and must not trade in the securities of the company while in possession of unpublished price sensitive information.

Amendment and disclosure of the Code

The Code may be amended with the approval of the Board of Directors from time to time. Any amendment is to be promptly intimated to the stock exchanges where the shares are listed and uploaded on the company's official website.

Who signed

The intimation is signed by Niyati Vishal Shah, Company Secretary and Compliance Officer. The Code itself is signed for and on behalf of the Board of Directors by Rasikbhai Gokalbhai Bhalodi, Managing Director.

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