Indian Oil Corporation Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
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Awaiting price reaction for this filing.
Indian Oil Corporation has informed the stock exchange that its trading window for dealing in securities is being closed for designated persons as per SEBI's Prohibition of Insider Trading Regulations, 2015. Such closures are routinely done before the company announces financial results or any price-sensitive information. Insiders and designated employees are restricted from trading in the company's shares during this closed period. The window will reopen after 48 hours of the results/information being made public.
This is a routine regulatory compliance filing and is not material to the stock price. However, it signals that a corporate announcement — most likely quarterly or annual financial results — may be expected shortly after the closure period.