Sheela Foam Limited has informed the Exchange about intimation under Regulation 8(2) of the Securities Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015
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Sheela Foam Limited has submitted an amended Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI) to the stock exchanges on August 5, 2025. The updated code was approved by the Board of Directors at its meeting held on the same day, in line with SEBI's Prohibition of Insider Trading Regulations, 2015. The code sets out principles for prompt and uniform public disclosure of price-sensitive information, designates the Company Secretary as the Chief Investor Relations Officer, and outlines who is authorised to speak with investors and media. It also defines what counts as a 'legitimate purpose' for sharing UPSI with auditors, legal advisors, bankers, regulators and other intermediaries. Additionally, the company is required to maintain a structured digital database of all persons who receive such sensitive information.
This is a routine regulatory compliance filing and does not signal any change in the company's business, operations, or financials. For shareholders, it simply confirms that Sheela Foam is following good governance practices around handling of price-sensitive information as required by SEBI.