StockWatch
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Private Sector Bank
Corporate Governance24 Jul 2026, 04:23 pm

DCB Bank Approves Fair Disclosure Code for UPSI

AI Summary

DCB Bank Limited's Board of Directors, in a meeting held on July 24, 2026, reviewed and approved the "Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information" (Version 6.0). This code, in compliance with SEBI Listing Regulations and PIT Regulations, aims to ensure uniform, transparent, and fair disclosure of events impacting its securities' price discovery. The Bank also designated specific Key Managerial Personnel (KMP) authorized to determine materiality and make disclosures. The Head of Treasury and Financial Institutions Group will act as the Chief Investors Relation Officer (CIRO), responsible for timely dissemination of UPSI and overseeing compliance.

Key Highlights

  • Board approved new Code of Practices for Fair Disclosure of UPSI.
  • Code aligns with SEBI Listing Regulations and PIT Regulations.
  • Designated KMPs authorized for materiality determination and disclosures.
  • CIRO appointed to ensure uniform and timely dissemination of UPSI.
  • Objective is to prevent misuse and ensure transparency in disclosures.