Revised code of practices and procedures for fair disclosure of UPSI updated on 28th May, 2026
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Samtex Fashions Ltd has updated its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI), approved by the Board on May 28, 2026. The revised policy, filed under SEBI (Prohibition of Insider Trading) Regulations, 2015, outlines procedures for handling UPSI, identifying authorized spokespersons (Managing Director and CFO), and defining legitimate purposes for sharing UPSI with partners, lenders, auditors, and other stakeholders. The policy also mandates maintaining a structured digital database with PAN details of persons accessing UPSI, preserved for at least eight years. The company must promptly disclose any unintentional UPSI sharing within 24 hours and respond appropriately to market rumors.
This is a standard regulatory compliance update with no direct impact on the company's financials or operations. However, it reinforces investor protection measures by ensuring proper handling of price-sensitive information.