Attached herewith the code of conduct under SEBI (PIT) Regulations, 2015
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At its board meeting on May 30, 2025, Velan Hotels Ltd approved three revised policies required under the SEBI (Prohibition of Insider Trading) Regulations, 2015. These are: (1) the revised Code of Fair Disclosure of Unpublished Price Sensitive Information (UPSI), (2) the revised Code of Conduct to Regulate, Monitor and Report Trading by Insiders, and (3) the Policy for Procedure of Inquiry in Case of Leak of UPSI. The new framework defines what counts as UPSI, sets trading window restrictions around financial results, mandates pre-clearance for trades above Rs 10 lakhs per quarter, enforces a 6-month contra-trade rule, and outlines disciplinary action for violations. The Company Secretary has been designated as the Compliance Officer and Chief Investor Relations Officer to oversee implementation.
This is a routine regulatory compliance update with no direct effect on the company's financials, operations, or shareholder value. It strengthens governance and insider-trading controls but is unlikely to move the stock price.