The Company had amended "Code of Practices and Procedures for Fair Disclosure of UPSI" and "Code of Conduct to regulate, monitor and report trading by Designated Persons and Immediate ....
NITTAGELA · price
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Nitta Gelatin India Ltd has amended two insider trading-related codes in line with SEBI (Prohibition of Insider Trading) Regulations, 2015. The Board of Directors approved the changes at a meeting held on 2 May 2025. The amended documents cover the Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI) and the Code of Conduct to regulate, monitor and report trading by Designated Persons and their immediate relatives. Key features include a policy for sharing UPSI for legitimate purposes, designation of designated persons (promoters, directors, top three levels of management, and employees in Finance, R&D and Secretarial departments), mandatory pre-clearance for trades above Rs. 10 lakhs per quarter, trading window restrictions, contra-trade restrictions for six months, and mandatory initial and continual disclosures. Various standard annexure formats for disclosures and pre-clearance are included.
This is a routine regulatory compliance update with no direct financial or operational impact on the company. It reinforces insider trading safeguards and disclosure norms, which is positive for corporate governance but unlikely to affect the stock price.