Amendments To The "Code Of Practices And Procedures For Fair Disclosure Of Unpublished Price Sensitive Information & Policy For Identifying Legitimate Purpose"
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VA Tech Wabag's Board of Directors approved amendments to its UPSI Fair Disclosure Code on May 21, 2025, with the revised policy set to take effect from June 10, 2025. This marks the 7th revision of the policy, which was originally adopted in 2015, to align with SEBI's Prohibition of Insider Trading (PIT) Regulations and SEBI LODR 2015. The amended code defines connected persons, designated persons, insiders, legitimate purpose, and UPSI categories including financial results, dividends, mergers, orders, and other price-sensitive events. It also sets disclosure thresholds for new orders or contracts — Euro/USD 10 million or more from overseas parties and INR 100 crore or more from Indian parties — to be intimated to stock exchanges within 24 hours. The CFO is designated as the Chief Investor Relations Officer, and the policy includes structured procedures for inquiry and disciplinary action in case of UPSI leaks.
This is a routine regulatory compliance update with no material impact on shareholders or the stock price. It reinforces the company's governance framework for fair disclosure and insider trading prevention in line with SEBI norms, offering no new financial or operational information.