EFC (I) Ltd adopts new Code for Fair Disclosure of UPSI
EFC (I) Limited has adopted an amended "Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI)". Approved by the Board on May 28, 2026, this code aligns with Regulation 8(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The objective is to ensure timely, adequate, and uniform disclosure of UPSI, preventing selective dissemination and promoting transparency and integrity in the securities market. The code defines UPSI to include information such as financial results, dividends, changes in capital structure, mergers, acquisitions, changes in key managerial personnel, fund-raising, and other material events that could affect the company's share price. It also outlines principles for fair disclosure and the process for sharing UPSI for legitimate purposes.
Key Highlights
- EFC (I) Ltd adopted an amended UPSI Fair Disclosure Code.
- Code approved by Board on May 28, 2026, as per SEBI PIT Regulations.
- Aims to ensure timely, uniform, and transparent UPSI disclosure.
- Prevents selective information sharing and promotes market integrity.
- Defines UPSI, including financial results, dividends, and M&A.
Price Impact
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