
Shah Investors Home Adopts Fair Disclosure Code
Shah Investors Home Ltd has adopted its "Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information" as per Regulation 8(1) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. This code, approved by the Board of Directors, aims to regulate the handling and disclosure of Unpublished Price Sensitive Information (UPSI) to ensure fair practices and prevent insider trading. The document outlines definitions, applicability, compliance officer roles, confidentiality measures, and procedures for handling UPSI, including a structured digital database and a "Chinese Wall" mechanism. It also details trading plans, holding periods, and penalties for contravention.
Key Highlights
- Company adopted a new Code for Fair Disclosure of UPSI.
- Code aligns with SEBI (PIT) Regulations, 2015.
- Aims to prevent insider trading and ensure fair disclosure.
- Includes mechanisms for handling UPSI and trading.
- Penalties for non-compliance are detailed.
Price Impact
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