Sri Lotus Developers and Realty Limited has informed the Exchange regarding 'Intimation pursuant to Regulation 8(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015'.
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Sri Lotus Developers and Realty Limited has submitted its 'Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI)' to BSE and NSE as required under Regulation 8(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The Code was adopted by the Board of Directors on December 11, 2024, and has already been uploaded to the company's website. It outlines how the company will handle UPSI, respond to market rumours, deal with analysts and institutional investors, and maintain a digital database of persons with whom UPSI is shared. The Company Secretary is designated to oversee prompt public disclosure of price-sensitive information.
This is a routine regulatory compliance filing with no direct impact on share price or shareholder value. It reinforces the company's commitment to transparent and fair disclosure practices as mandated by SEBI insider trading norms.