Himadri Speciality Chemical Limited has informed the Exchange regarding 'Amended Code of Practice and procedure for Fair Disclosure of Unpublished Price Sensitive Information'.
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Awaiting price reaction for this filing.
Himadri Speciality Chemical has submitted an amended version of its Code of Fair Disclosure for Unpublished Price Sensitive Information (UPSI) to the stock exchanges, as required under SEBI's Insider Trading Regulations. The amended code (Version 4) was approved by the Board on 6 June 2025 and will take effect from 10 June 2025. The previous version (V3) was adopted in October 2024, with earlier revisions in 2015, 2019, and 2023. The code defines what counts as UPSI, outlines principles for prompt and uniform disclosure to the public, designates the Company Secretary as the Chief Investor Relations Officer, and sets rules for sharing information on a need-to-know basis, maintaining a digital database of recipients, and penalising violations. The company has also placed the full amended code on its website.
This is a routine regulatory compliance filing and not a material business event, so it is unlikely to have any direct effect on the stock price. It reinforces the company's governance framework for handling sensitive information and insider trading rules, which is a standard SEBI requirement for all listed companies.