Code of Fair Disclosure of UPSI shared with exchanges under SEBI Insider Trading rules
The company has submitted its Code of Conduct and Procedures for Fair Disclosure of Unpublished Price Sensitive Information to BSE and NSE, as required under SEBI's Insider Trading Regulations.
What was shared
The company has intimated BSE and NSE of its Code of Conduct and Procedures for Fair Disclosure of Unpublished Price Sensitive Information, framed under the SEBI (Prohibition of Insider Trading) Regulations, 2015.
What the code covers
- Defines UPSI as information not generally available which, once public, is likely to materially affect the share price — such as financial results, dividends, changes in capital structure, mergers, de-mergers, acquisitions, delistings, disposals, business expansion and changes in key managerial personnel.
- Commits the company to prompt and uniform disclosure of UPSI to the stock exchanges, avoiding selective or speculative disclosure.
- Appoints the Head - Investor Relations as Chief Investor Relations Officer (CIRO), coordinating with the Compliance Officer.
- Requires fair responses to queries on news reports and verification of market rumours by regulatory authorities.
- For analyst and investor meetings: transcripts or records may be put on the website, and the company will endeavour to have at least 2 company representatives present.
- UPSI to be handled strictly on a need-to-know basis and only for a legitimate purpose, with entries made in the Structured Digital Database.
- A structured digital database of persons with whom UPSI is shared, with PAN or other identifier, time stamping and audit trails.
- The code, and any amendment, will be published on the company's website and intimated to the exchanges.
How to read it
This is a governance and compliance document setting out disclosure practices. It carries no revenue, order or earnings information, so it does not by itself change the company's business outlook. For investors, it signals the framework the company will follow when communicating price-sensitive news.
More numbers
- Minimum company representatives at analyst meetings2 company representatives
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