Honasa Consumer Limited Updates Revised Code for Fair Disclosure of UPSI
Honasa Consumer Limited has revised its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI). The revised code, approved by the Board on May 21, 2026, and effective the same day, aims to ensure transparent and timely dissemination of material information.
This is an update to an existing internal policy document required by SEBI regulations. It does not introduce any new business strategies, financial changes, or operational impacts that would significantly affect the company's stock price or investor decisions.
The announcement is a routine regulatory update regarding the company's internal code of conduct for fair disclosure of UPSI. It does not contain any new financial information or significant business developments that would warrant a positive or negative sentiment.
Honasa Consumer Limited has submitted its revised Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI) to the National Stock Exchange of India Limited and BSE Limited. This revision was approved by the Board of Directors during their meeting held on May 21, 2026.
The updated code, effective from May 21, 2026, aims to ensure prompt, accurate, and non-discriminatory disclosure of UPSI that could materially affect the price of Honasa's securities. It also seeks to prevent selective or inadvertent disclosure and preserve the confidentiality of UPSI until it is publicly disseminated in a fair and uniform manner.
The code outlines principles for fair disclosure, including prompt public disclosure of UPSI impacting price discovery, uniform dissemination to stock exchanges and the company website, and the handling of information shared with analysts and research personnel. It also defines terms such as Chief Investor Relations Officer (CIRO) and Legitimate Purpose, emphasizing that UPSI can be shared only on a need-to-know basis for business furtherance or legal obligations.
What to do with a filing like this
Honasa Consumer Limited filed this with the NSE as a statutory disclosure, categorised under corporate governance report. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Honasa Consumer Limited. Read the original for the full detail.