Hind Rectifiers Limited has informed the Exchange regarding 'updates on Code of Conducts under SEBI Insider Trading Regulations'.
HIRECT · price
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Hind Rectifiers Limited has informed the stock exchanges (NSE and BSE) about an amendment to its Code for Prevention of Insider Trading in the company's securities, filed on July 29, 2025, under Regulation 8(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The amended code is immediately effective and includes detailed definitions of terms like Insider, Designated Person, and Unpublished Price Sensitive Information (UPSI), along with rules on trading window closures, pre-clearance requirements for trades exceeding ₹5 lakh per quarter, and a six-month contra trade restriction. It also covers continual disclosure obligations for designated persons, penalties for violations (including disgorgement of profits to SEBI's Investor Protection Fund), whistleblower protections, and a structured inquiry process for any suspected leak of UPSI. The amended code is also hosted on the company's website at hirect.com/policies/. The filing was signed by Meenakshi Anchlia, Company Secretary and Compliance Officer.
This is a routine regulatory compliance update and does not affect the company's financials, business operations, or shareholder value. It strengthens governance and internal controls around insider trading, with no expected impact on the stock price.