Company intimates Fair Disclosure Code is hosted on its website
Sollfege Smart Electronics said its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information is available on its website, framed under Regulation 8(1) of SEBI PIT Regulations, 2015.
- Regulation Framed Under
- Regulation 8(1) of SEBI PIT Regulations, 2015
- Intimation Under
- Regulation 8(2)
- Code Hosted At
- sollfege.com/pages/investors
What the update says
Sollfege Smart Electronics Ltd has informed BSE that its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information is available on the company's website.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 intimation is made under Regulation 8(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the code itself was framed under Regulation 8(1) of the same regulations.
The update gives the website location of the code: sollfege.com/pages/investors. The letter is signed by Umesh Kumar Agarwal, Managing Director, and carries the company's scrip code 544977 on BSE.
What "fair disclosure code" means
- Unpublished Price Sensitive Information, or UPSI, is information about a company that is not yet public and that could move its share price if it became known.
- Regulation 8(1) requires listed companies to frame a written code setting out how such information will be handled and how it will be shared with the market in a fair and uniform way.
- Regulation 8(2) deals with the company making that code available, and this letter is the company's intimation that the code can be found on its website.
What this update is and is not
This is a disclosure-related intimation. It is not an announcement of earnings, an order win, a fund raise, a shareholding change or any other business event. It tells the market where a policy document can be read, so that anyone interested can see the company's stated practice for releasing price-sensitive information.
Reading it as an investor
- The update is about the process of disclosure rather than about the company's operations or financial performance.
- For an investor who wants to understand how and when the company communicates material information, the code at the link is the document to read.
- The intimation itself does not change anything about the company's business, its shareholding or its financials.
In short, the company has pointed shareholders and the exchange to where its fair disclosure code sits on its website, in line with Regulation 8(2) of the SEBI PIT Regulations, 2015.
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