Pursuant to Regulation 8(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015 ( SEBI PIT Regulations ), please find enclosed herewith the Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information framed under Regulation 8(1) of SEBI PIT Regulations.
THELEELA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Leela (Schloss Bangalore Limited) has submitted its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information to BSE and NSE, as required under Regulation 8(2) of SEBI's Prohibition of Insider Trading Regulations. The company recently got listed on the stock exchanges (Scrip Code: 544408, Symbol: THELEELA), and this filing is part of its post-listing compliance obligations. The code outlines how the company will handle and disclose price-sensitive information, designates the CFO as the Chief Investor Relations Officer (CIRO), and includes a separate policy for determining 'Legitimate Purposes' for sharing UPSI with partners, auditors, lenders, suppliers, and other advisors. It also mandates maintenance of a digital database of UPSI sharing for at least eight years.
This is a routine regulatory compliance filing required from every newly listed company and is not expected to have any direct impact on the stock price or shareholder value. It reflects the company putting standard governance and disclosure protocols in place to prevent insider trading.