Castrol India Limited has informed the Exchange regarding 'Amendment to the Code of Practices & Procedures for Fair Disclosure of Unpublished Price Sensitive Information and determination of legitimate purpose'.
CASTROLIND · price
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Awaiting price reaction for this filing.
On April 28, 2025, the Board of Directors of Castrol India approved an amended version (v3) of its Code of Practices & Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI) and determination of legitimate purpose. The original code was adopted on July 9, 2015, and last modified on April 29, 2019. The amended code outlines procedures for prompt and uniform disclosure of price-sensitive information, defines what constitutes 'legitimate purpose' for sharing UPSI, and mandates need-to-know sharing, confidentiality agreements, and a database of recipients. The CFO will oversee compliance, and a periodic system audit will be conducted annually.
This is a routine regulatory compliance update mandated by SEBI's Insider Trading Regulations. It does not indicate any adverse event, penalty, or material change in business. Shareholders are unlikely to see any impact on the stock price from this filing.