Housing & Urban Development Corporation Limited has informed the Exchange regarding 'Revised Code of Practices and Procedure for Fair Disclosure of Unpublished PriceSensitive Information'.
HUDCO · price
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HUDCO's Board of Directors approved a revised Code of Practices for fair disclosure of Unpublished Price Sensitive Information (UPSI) at its meeting held on 28th June 2025 (11:30 AM to 2:15 PM IST). The revised code is being filed with BSE and NSE as required under SEBI's Prohibition of Insider Trading (PIT) Regulations, 2015, and has also been hosted on the company's website (www.hudco.org.in). Key features include designating a Chief Investor Relations Officer (CIRO), banning designated employees from sharing UPSI on social media platforms like WhatsApp, Facebook, Instagram, and X, and restricting communication with analysts to only the Chairman & Managing Director and Functional Directors. The code also defines a 'silent period' around board meetings for financial results and outlines rules for sharing UPSI for legitimate purposes, treating recipients as 'insiders' subject to confidentiality obligations.
This is a routine regulatory/compliance update with no material impact on the company's financials or stock price. It reinforces HUDCO's governance framework around insider trading prevention and fair disclosure practices, which is a positive signal for transparency and regulatory adherence.