StockWatch
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Corporate Governance28 Oct 2026, 10:01 pm

Hero MotoCorp Updates Fair Disclosure Code

AI Summary

Hero MotoCorp Ltd has updated its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI). This revised code, effective October 28, 2026, aims to ensure uniform, transparent, and timely disclosure of UPSI to all stakeholders, preventing misuse and maintaining information symmetry. It outlines procedures for prompt public disclosure, uniform dissemination to avoid selective disclosure, and designates authorized spokespersons for communication. The code also details protocols for handling inadvertent selective disclosures and responding to market rumors, emphasizing that only publicly available information should be shared with analysts and research personnel.

Key Highlights

  • Updated Code of Fair Disclosure for UPSI is effective October 28, 2026.
  • Aims for uniform, transparent, and timely disclosure of UPSI.
  • Prohibits selective disclosure and mandates prompt public availability.
  • Designates authorized spokespersons and outlines disclosure procedures.
  • Ensures only public information is shared with analysts.