Insider Trading30 Sept 2026, 08:00 pm
GSPL adopts new Fair Disclosure Code for UPSI
AI Summary
GSPL Transmission Ltd has adopted a "Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information" effective May 1, 2026. This code aligns with SEBI (Prohibition of Insider Trading) Regulations, 2015. It outlines principles for prompt, uniform, and universal disclosure of UPSI, avoiding selective sharing. The company's Chief Financial Officer will serve as the Chief Investor Relations Officer. The code also details handling UPSI on a "Need-to-Know" basis, sharing for "Legitimate Purposes," and maintaining a structured digital database for such information. Individuals receiving UPSI for legitimate purposes are considered "Insiders" under SEBI regulations.
Key Highlights
- GSPL adopted a new Code for Fair Disclosure of Unpublished Price Sensitive Information (UPSI).
- The code is effective from May 1, 2026, in compliance with SEBI PIT Regulations.
- It mandates prompt, uniform, and universal disclosure of UPSI, avoiding selective sharing.
- The CFO is designated as the Chief Investor Relations Officer (CIRO).
- Rules for sharing UPSI for "Legitimate Purposes" and maintaining a digital database are included.
Price Impact
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