Board approves amended Code for Fair Disclosure of Unpublished Price Sensitive Information
Board of Directors, at its meeting on October 26, 2026, reviewed and approved the amended Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information.
By ScoutQuest · · 2 min read
- Board Meeting Date
- October 26, 2026
- Code Framed Under
- Regulation 8(1) of the SEBI PIT Regulations
- Intimation Shared Under
- Regulation 8(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015
The company informed the exchanges that its Board, at its meeting held on October 26, 2026, reviewed and approved the amended Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information.
What was shared
- The intimation is made under Regulation 8(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.
- The Code itself is framed under Regulation 8(1) of the same regulations.
- The amended Code is enclosed with the letter and is also hosted on the company's website.
- The document carries a date of approval and effective date of September 27, 2024, a last review or amendment date of October 17, 2024, and a review or amendment date of October 26, 2026.
What the Code covers
- Objective: to prevent misuse of, and ensure timely and adequate disclosure of, unpublished price sensitive information, and to keep dealings with stakeholders uniform, transparent and fair.
- Who is covered: definitions of a Connected Person, an Insider, Key Managerial Personnel and Designated Persons, which include promoters, directors, key managerial personnel, the Chief Executive Officer, employees identified by the Board based on their role or access to such information, and support staff such as IT or secretarial staff with such access.
- What is treated as unpublished price sensitive information: a list covering areas such as financial results, dividends, changes in capital structure, mergers, de-mergers, acquisitions, delistings, disposals and expansion of business, award or termination of orders or contracts outside the normal course of business, changes in key managerial personnel, resignation of the statutory or secretarial auditor, rating changes other than ESG ratings, proposed fund raising, agreements that may affect the management or control of the company, and fraud, defaults or arrest of key persons.
- Permitted sharing: the Code defines legitimate purposes for sharing such information in the ordinary course of business with partners, collaborators, lenders, customers, suppliers, merchant bankers, legal advisors, auditors and similar advisors, provided it is not done to evade the regulations.
How to read this
This is a governance and policy update. It sets out the framework the company uses to classify, handle and disclose information that could materially affect its share price, and the categories of people inside and outside the company who are expected to follow it. The intimation deals with this internal policy framework rather than with the company's business operations.
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