Indo Borax & Chemicals amends Code of Fair Disclosure for UPSI
Indo Borax & Chemicals Limited has amended its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI) as per SEBI regulations. The updated code ensures fair and uniform disclosure of UPSI to stakeholders and will be available on the company website.
The amendment of a code of conduct for fair disclosure is a standard compliance procedure and does not directly impact the company's operations, financial performance, or strategic direction.
The announcement is a routine regulatory filing regarding the amendment of a code of conduct for fair disclosure of UPSI. It does not contain any new financial information or significant business developments that would impact the company's stock price.
Indo Borax & Chemicals Limited has amended its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI). This amendment is in accordance with Regulation 8(1) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.
The company has adopted this code to ensure universal disclosure of UPSI, maintaining uniformity, transparency, and fairness for all stakeholders. The code aims to establish principles for the fair disclosure of UPSI and to determine legitimate purposes for sharing such information while adhering to applicable laws and regulations. The amended code will be uploaded on the company's website and submitted to the stock exchanges.
The company will follow the code to make prompt and uniform public disclosures of UPSI that could impact price discovery. The Company Secretary and Compliance Officer will act as the Chief Investor Relations Officer for disseminating information. Transcripts and records of meetings with analysts and investor relations conferences will be made available on the official website.
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Indo Borax & Chemicals 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 Indo Borax & Chemicals Limited. Read the original for the full detail.