Mahindra & Mahindra Limited has informed the Exchange regarding 'Amendment to the Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information'.
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Mahindra & Mahindra has amended its Code of Fair Disclosure of Unpublished Price Sensitive Information (UPSI) to align with the latest SEBI (Prohibition of Insider Trading) Regulations, 2015. The amended code will come into effect from 10th June 2025. It broadens the definition of UPSI to include events like forensic audits, regulatory actions, litigation outcomes, changes in key managerial personnel (excluding retirements), and major order/contract wins or terminations outside normal business. The code also formalises a Chief Investor Relations Officer (CIRO) role for overseeing disclosures, requires confirmation/denial of market rumours within 24 hours, and mandates a digital database of people who receive UPSI for legitimate purposes.
This is a routine regulatory compliance update with no direct impact on the company's financials or stock price. It reinforces transparency and insider trading controls, which is positive for corporate governance but unlikely to move the share price.