Shipping Corporation Of India Land And Assets Limited has informed the Exchange regarding 'Amendment in SCILAL Code of Conduct for Prohibition of Insider Trading'.
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Shipping Corporation of India Land and Assets Limited (SCILAL) has informed the exchanges about an amendment to its Code of Conduct for Prohibition of Insider Trading. The amended Code was approved by the Board of Directors on 06.05.2025 and will come into effect from 10.06.2025. The filing was made under Regulation 8 of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The amended Code covers definitions of insiders, designated persons, and unpublished price sensitive information (UPSI), trading window restrictions, pre-clearance requirements for trades of 1,500 shares or more or Rs. 1.5 lakh and above, periodic and annual disclosure obligations, and penalties for violations. This is the 7th version of the Code since its initial adoption in April 2023.
This is a routine regulatory compliance update and does not have a direct material impact on the company's operations, financials, or stock price. It reinforces SCILAL's internal controls to prevent insider trading and align with SEBI regulations.