
Samtex Fashions updates code for fair disclosure of UPSI
Samtex Fashions Limited has approved a revised "Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information" on May 28, 2026. This update aligns with SEBI (Prohibition of Insider Trading) Regulations, 2015. The policy's objectives include prohibiting insider trading, ensuring fair and prompt public disclosure of UPSI, recognizing authorized spokespersons, and defining "legitimate purpose" for sharing UPSI with internal and external parties like partners, lenders, and auditors. It explicitly prohibits selective disclosure and mandates public dissemination of unintentionally disclosed price-sensitive information within 24 hours. The revised code is now available on the company's website.
Key Highlights
- Samtex Fashions updated its code for fair disclosure of UPSI.
- The revised code aligns with SEBI Insider Trading Regulations, 2015.
- It aims to prevent insider trading and ensure prompt public disclosure.
- Defines "legitimate purpose" for sharing UPSI with various parties.
- Prohibits selective disclosure and mandates quick public dissemination.
Price Impact
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