Intimation under Regulation 8(2) & 9(1) of SEBI PIT Regulations, 2015
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Visagar Financial Services Limited has submitted its amended Code of Conduct for Prevention of Insider Trading and Code of Practices for fair disclosure of Unpublished Price Sensitive Information (UPSI) to BSE. The Board of Directors approved the revised policy at its meeting held on Thursday, August 14, 2025. The updated Code is effective from August 12, 2025 and outlines rules around trading window closures, pre-clearance of trades by designated persons, six-month contra-trade restrictions, trading plans, and structured digital database requirements. It also specifies penalties including disgorgement of profits, salary freeze, and disciplinary action for violations. The amended policy is available on the company's website at www.visagar.com.
This is a routine regulatory compliance update required under SEBI's Insider Trading Regulations and does not affect the company's financials, operations, or shareholder value. It reinforces the company's governance framework for handling price-sensitive information but is unlikely to have any direct impact on the stock price.