Lalithaa Jewellery Mart Adopts Fair Disclosure Code Under SEBI PIT Regulations

Lalithaa Jewellery Mart Limited has formally adopted and submitted its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI) to the National Stock Exchange of India Limited and BSE Limited.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 action is in compliance with Regulation 8(2) of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.

The company's fair disclosure code aims to preserve the confidentiality of UPSI and prevent its misuse, ensuring timely and adequate disclosure of information that could impact the company's securities' price. The policy emphasizes uniformity, transparency, and fairness in dealings with all stakeholders.

The code outlines definitions for UPSI and Generally Available Information, and designates the Chief Financial Officer as the Chief Investor Relations Officer responsible for disseminating information. It mandates prompt and universal disclosure of UPSI, fair responses to market rumors, and proper handling of information shared with analysts. Meetings with analysts and investors will be recorded or transcribed for official documentation.

Furthermore, the company has formulated a Policy for Determination of Legitimate Purposes, detailing circumstances under which UPSI can be shared in the ordinary course of business with partners, collaborators, lenders, and other advisors. This policy includes requirements for recipients to maintain confidentiality and understand their liabilities. A structured digital database will be maintained for all UPSI sharing, with records preserved for at least eight years. The company reserves the right to amend this code as per applicable laws and regulations.