Saatvik Green Energy Limited has informed the Exchange regarding 'Intimation under Regulation 8(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015 '.
SAATVIKGL · price
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Saatvik Green Energy Limited has submitted its 'Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI)' to BSE and NSE as required under Regulation 8(2) of SEBI's Prohibition of Insider Trading Regulations, 2015. The code lays down how the company will handle sensitive, market-moving information before it is made public, including sharing it with insiders (advisors, auditors, legal counsel, etc.) only for legitimate purposes such as mergers, acquisitions, or due diligence. It also covers disclosure of UPSI to regulatory authorities for legal compliance and defines the Compliance Officer's role in managing information dissemination. The Board will review this code at least once every three years.
This is a routine regulatory compliance filing required of all listed companies and has no direct impact on the stock price or shareholder value. It signals that the company is adhering to standard governance and insider trading norms expected of a newly listed entity.