Zenith Steel Pipes & Industries Limited has informed the Exchange about General Updates: Intimation under Regulation 8(2) & 9(1) of SEBI PIT Regulations, 2015
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Zenith Steel Pipes & Industries Limited has filed an intimation under Regulations 8(2) and 9(1) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The Board of Directors approved an amended 'Code of Conduct for Prevention of Insider Trading' and 'Code of Practices and Procedures for fair disclosure of Unpublished Price Sensitive Information' at its meeting held on August 13, 2025. The amended code lays out detailed rules on trading window closure periods, pre-clearance thresholds (10,000 shares/month or 20,000 shares/quarter), six-month contra trade restrictions, trading plan guidelines, structured digital database maintenance, and disclosure obligations for designated persons and connected persons. It also specifies penalties including disgorgement of profits to SEBI's Investor Protection Fund for violations. The amended policy is effective from August 13, 2025 and is available on the company's website. The intimation was signed by Minal Umesh Pote, Whole Time Director.
This is a routine regulatory compliance update with no material impact on the company's financials or operations. It strengthens the company's internal governance framework around insider trading and price-sensitive information, which is positive for corporate governance standards but unlikely to move the stock price.