LCC Projects Limited Adopts Code of Practices for Fair Disclosure of UPSI
LCC Projects Limited has adopted a Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI) in compliance with SEBI regulations. The code ensures prompt and uniform dissemination of UPSI, mandates a 'need-to-know' basis for information sharing, and restricts trading by insiders. The company's website will host the updated policy.
This is a routine regulatory compliance update. The adoption of a code for fair disclosure of UPSI is a standard practice for listed companies and is unlikely to have a significant immediate impact on the company's stock price or business operations.
The announcement is a regulatory compliance update regarding the adoption of a new code for fair disclosure of unpublished price sensitive information. It does not contain any financial performance data or significant business developments that would warrant a positive or negative sentiment.
LCC Projects Limited has adopted a Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI) as per Regulation 8(1) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. This code, which is part of the company's Insider Trading Code, outlines principles for prompt and uniform dissemination of UPSI to ensure fair price discovery. The Company Secretary and Compliance Officer will oversee corporate disclosures. The policy emphasizes handling UPSI on a 'need-to-know' basis for legitimate purposes and maintaining a structured digital database of persons with whom information is shared. It also details restrictions on trading by designated persons and connected persons when in possession of UPSI, including provisions for contra trades and a 'Chinese Wall' to separate insider and public areas within the company. The policy will be available on the company's website.
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LCC Projects 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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