Rossell India Limited has informed the Exchange regarding 'Amended Code of Practices and Procedure for Fair Disclosure of Unpublished Price Sensitive Information '.
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Rossell India Limited has amended its internal Code of Practices and Procedure for Fair Disclosure of Unpublished Price Sensitive Information (UPSI), with the board approving the changes on 28th May 2025. The amendment updates the code to align with SEBI's notification dated 11th March 2025, which amends the SEBI (Prohibition of Insider Trading) Regulations, 2015 and takes effect from 10th June 2025. The revised code includes detailed definitions of UPSI (covering financial results, dividends, M&A, changes in KMP, fraud, ratings, fund-raising, etc.) and lays out fair disclosure practices such as uniform dissemination, handling UPSI on a need-to-know basis, and maintaining a structured digital database for at least eight years. The filing was made under Regulation 8(2) of the SEBI Insider Trading Regulations and signed by Nirmal Kumar Khurana, Director (Finance) and Company Secretary.
This is a routine regulatory compliance update with no material impact on the company's financials or business. Shareholders should view it as housekeeping to align with updated SEBI insider trading rules, and it is unlikely to have any effect on the stock price.