Bonfiglioli Transmissions: SEBI PIT Regulations Disclosure

Bonfiglioli Transmissions Ltd has filed an intimation under Regulation 8(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. This filing includes the company's Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI) and its policy for determining 'Legitimate Purpose'. The code outlines principles for prompt public disclosure of UPSI, uniform dissemination, and fair response to market queries. The 'Legitimate Purpose' policy clarifies that sharing UPSI with partners, collaborators, lenders, customers, suppliers, and advisors is permissible in the ordinary course of business, provided it's not to evade regulations and is in the company's best interest. Recipients must be informed that the shared information is UPSI, they will be deemed insiders, and must maintain confidentiality and use it only for approved purposes.