Happy Forgings Limited has informed the Exchange about amendment in Code of Fair disclosure of UPSI
HAPPYFORGE · price
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Happy Forgings Limited has submitted an amended version of its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI) to the stock exchanges. The updated code (Version 3) was approved by the Board of Directors at its meeting held on May 17, 2025, and was revised to align with the latest SEBI (Prohibition of Insider Trading) Regulations notified on March 12, 2025. The code outlines how the company identifies insiders, handles confidential price-sensitive information on a 'need-to-know' basis, maintains a structured digital database of UPSI recipients, and investigates any suspected leaks. Earlier versions of the code were originally framed in December 2023 and first amended in February 2025. The filing is a routine compliance disclosure under Regulation 8(2) of SEBI's insider trading rules.
This is a governance and regulatory compliance update with no material impact on business operations or share price. It reinforces the company's internal framework for handling sensitive information and signals adherence to SEBI's tightened insider trading norms.