Amended the Code of practice and procedure for fair disclosure of unpublished price sensitive information as per SEBI (PIT) Regulation, 2015
ULTRAMAR · price
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Ultramarine & Pigments Ltd has informed the stock exchange that its Board of Directors approved the amended Code of Practice and Procedure for Fair Disclosure of Unpublished Price Sensitive Information (Fair Disclosure Code) under Regulation 8(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, at a meeting held on 21 May 2025. This is the 4th amendment to the code, with previous amendments made on 27 May 2015, 29 March 2019, 6 February 2020, and 9 November 2023. The amended code includes detailed operating guidelines for determining legitimate purpose, sharing UPSI with designated persons, maintaining a structured digital database called 'Vigilant', serving notices and NDAs to recipients, and procedures for informants under SEBI's insider trading framework. The company has submitted the amended code to BSE for record-keeping purposes.
This is a routine regulatory compliance filing with no direct impact on shareholders, stock price, or business operations. The amendment simply updates internal disclosure procedures to align with SEBI's insider trading regulations, reinforcing controls on how sensitive information is handled and shared within the company.