Disclosure under regulation 8 (2) of the SEBI (Prohibition of Insider Trading) Regulation ,2015
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Awaiting price reaction for this filing.
Rukmani Devi Garg Agro Impex Ltd has submitted its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI) to BSE, as required under Regulation 8(2) of SEBI's Prohibition of Insider Trading Regulations, 2015. The Code was approved by the Board of Directors on 19 June 2024 and will come into force from the date of the company's listing on the NSE EMERGE platform. It covers definitions of insiders and connected persons, roles of the Compliance Officer (Mrs. Ayushi Agrawal, Company Secretary), rules for preserving UPSI, pre-clearance procedures for trades above Rs. 10 lakh per quarter, 7-day execution validity, a 6-month contra-trade restriction, trading plan rules, and penalties for violations. The company appears to be preparing for its stock market listing and putting required compliance frameworks in place.
This is a routine regulatory compliance filing with no direct impact on shareholders or stock price. It indicates the company is putting governance frameworks in place ahead of its planned NSE EMERGE listing, which is a positive sign of regulatory readiness.