Gujarat State Fertilizers & Chemicals Limited has informed the Exchange regarding 'Amendment to the Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information'.
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Gujarat State Fertilizers & Chemicals (GSFC) has amended its Code of Fair Disclosure of Unpublished Price Sensitive Information (UPSI) to align with recent changes in SEBI's Insider Trading Regulations. The Board of Directors approved the changes at its meeting held on 24th March 2026. The revised code defines what constitutes UPSI (such as financial results, dividends, mergers, acquisitions, changes in key managerial personnel, regulatory actions, etc.), sets out principles for fair disclosure including prompt and uniform dissemination, a need-to-know basis for sharing sensitive information, and guidelines for determining 'legitimate purpose.' The Compliance Officer will act as the Chief Investor Relations Officer (CIRO) for disclosure matters. The amended code is available on the company's website (www.gsfclimited.com).
This is a routine regulatory compliance update with no direct impact on the company's financials, operations, or stock price. It reinforces GSFC's insider trading prevention framework and disclosure practices, which is positive for corporate governance.