IN THE LIGHT OF VARIOUS AMENDMENTS IN THE SEBI (PROHIBITION OF INSIDER TRADING )REGULATIONS, 2015, THE CODE OF FAIR PRACTICES AND PROCEDURES FOR FAIR DISCLOSURE OF UPSI HAS BEEN RECONSTITUTED ....
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NPR Finance Ltd's Board of Directors, at a meeting held on May 30, 2025, approved the reconstitution of the company's Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI). The update aligns the code with recent amendments to the SEBI (Prohibition of Insider Trading) Regulations, 2015. The revised code outlines principles for timely, uniform, and non-selective disclosure of price-sensitive information to the public. It also includes a Policy for Determination of Legitimate Purposes, which defines when UPSI can be shared with insiders such as auditors, legal advisors, lenders, and consultants, and requires maintenance of a structured digital database of such information sharing from June 10, 2025.
This is a routine regulatory compliance update and is unlikely to have any material impact on the stock price or shareholders. It reinforces governance standards around insider trading and fair disclosure.