Hindustan Composites Limited has informed the Exchange regarding 'amended Code of Practices and Procedures for fair disclosure of Unpublished Price Sensitive Information'.
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Hindustan Composites Limited has submitted a revised version of its Code of Practices and Procedures for fair disclosure of Unpublished Price Sensitive Information (UPSI) to BSE and NSE. The amended code was approved by the Board of Directors at its meeting held on 7th May, 2025, and will come into effect from 10th June, 2025. The revision has been made to align the company's existing code (originally effective from 1st April, 2019) with the recent amendments to SEBI's Prohibition of Insider Trading (PIT) Regulations, 2015, as required under Regulation 8(1) and 8(2). The revised code is also hosted on the company's website at www.hindcompo.com. It covers handling of UPSI on a need-to-know basis, fair and timely disclosure practices, designation of the Chief Investor Relations Officer, and guidelines for interactions with analysts and media.
This is a routine regulatory compliance update with no direct impact on the company's financials or operations. It strengthens the company's governance framework around insider trading prevention and fair disclosure, which is positive for minority shareholders as it reduces the risk of selective or unfair information leaks.