Chalet Hotels Limited has informed the Exchange regarding 'Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information ( UPSI Code )'.
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Chalet Hotels has submitted an updated insider trading and fair disclosure code to the NSE and BSE. The Board of Directors approved the amended UPSI Code at its meeting on May 12, 2025, and it became effective the same day. The revised code outlines definitions of insiders, designated persons, and UPSI, along with principles for fair disclosure, confidentiality, legitimate purpose for sharing sensitive information, and procedures for handling suspected leaks. It also mandates a structured digital database to track all UPSI sharing, with internal controls and audit trails. The code will be published on the company's website.
This is a routine regulatory compliance filing under SEBI's insider trading rules. It reflects tightening of internal controls around handling sensitive information but has no direct financial or operational impact on shareholders or the stock price.