Code of Conduct SEBI (PIT) Regulations, 2015
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Awaiting price reaction for this filing.
Swastika Castal Ltd has formally adopted and submitted its Code of Conduct for Regulating, Monitoring & Reporting of Trades and Prevention of Insider Trading as required under Regulation 8(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015. The Board had approved this code on 20th December 2024, and it becomes effective from the date the company's shares get listed on stock exchanges. The code applies to promoters, directors, KMPs, and designated employees, covering rules on trading windows, pre-clearance for trades above ₹10 lakh, disclosure of holdings, and penalties for violations. The filing was signed by Managing Director Varun Sharda.
This is a routine regulatory compliance filing, likely tied to the company's recent listing on BSE (Scrip Code: 544452). It puts guardrails against insider trading by senior employees and promoters, which is generally positive for retail investors but is unlikely to cause any meaningful movement in the stock price.