Please find herewith the revised code on Prohibition of Insider TRading and Fair Disclosure on Unpublished Price Sensitive Information (PIT Code) effective from today as approved by the ....
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The Board of Directors of Rex Sealing and Packing Industries Ltd approved a revised Insider Trading Code (PIT Code) effective May 30, 2025. The revision aligns the company's internal code with SEBI's (Prohibition of Insider Trading) Third Amendment Regulations, 2024 dated December 4, 2024. The original code was framed on August 8, 2022, and this is a routine update to keep pace with regulatory changes. Key provisions include mandatory pre-clearance from the Compliance Officer for trades exceeding Rs. 10 lakhs per calendar quarter by designated persons, a 6-month minimum holding period for purchased securities, and defined closed trading windows around financial results and material events. The code also outlines the role of a Compliance Officer and a Monitoring Committee, along with procedures for inquiry in case of leak of Unpublished Price Sensitive Information (UPSI).
This is a routine regulatory compliance update with no material impact on business operations or shareholder value. It strengthens the company's governance framework around insider trading and timely disclosure of price-sensitive information, reducing regulatory risk but unlikely to move the stock price.