BirlaNu Limited has informed the Exchange regarding 'Submission of amended Code of Conduct of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information under Regulation 8(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015'.
BIRLANU · price
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BirlaNu Limited (formerly HIL Limited) has submitted an updated Code of Conduct of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI) to the stock exchanges. The Board of Directors approved these amendments at a meeting held on May 17, 2025, in line with SEBI's Prohibition of Insider Trading Regulations, 2015. This is the fourth version of the code, with prior revisions made in 2015, 2019, and 2020. The amended code outlines principles for prompt and uniform public disclosure of price-sensitive information, designates the Compliance Officer as the Chief Investor Relations Officer, and includes a structured digital database for tracking UPSI sharing. It also lists legitimate purposes under which UPSI may be shared with insiders such as auditors, lenders, advisors, and consultants.
This is a routine regulatory compliance update with no direct impact on the company's financials or stock price. It reinforces BirlaNu's insider trading controls and disclosure practices, which is positive for corporate governance and transparency.