Awaiting price reaction for this filing.
JSW Steel has amended its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI) to align with recent changes to the SEBI (Prohibition of Insider Trading) Regulations, 2015. The updated code is version 1.03, effective May 23, 2025, and was approved by the Board of Directors on the same day. This is the third revision of the code, with the previous revision dated October 25, 2024. The amended code outlines what qualifies as UPSI, defines legitimate purposes for sharing such information, and requires the company to maintain a structured digital database of UPSI sharing for at least eight years. The full updated code has been uploaded to the company's website and shared with NSE and BSE for dissemination.
This is a routine regulatory compliance update with no direct financial impact on shareholders. It strengthens the company's internal controls around handling sensitive price-related information but is not expected to affect stock price or business operations.