Manika Plastech Adopts Code for Fair Disclosure of UPSI
Manika Plastech Limited has adopted a Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI) as per SEBI PIT Regulations. The code ensures prompt and uniform dissemination of UPSI, with the CIRO designated to manage disclosures. It is effective from April 5, 2025.
This is a routine compliance update related to corporate governance and insider trading regulations. It does not involve any new business developments, financial results, or strategic changes that would directly impact the company's operations or financial performance in the short term.
The announcement is a routine compliance filing regarding the company's code of conduct for fair disclosure of UPSI, which is a standard practice for listed companies. It does not contain any new financial information or operational updates that would significantly impact the stock price.
Manika Plastech Limited has announced the adoption of its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI), in compliance with Regulation 8(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The code outlines the company's commitment to transparency and fairness in dealing with stakeholders, ensuring prompt and uniform dissemination of UPSI.
The updated code details definitions of key terms such as 'Insider,' 'Connected Person,' and 'Designated Persons,' along with principles for handling UPSI on a need-to-know basis. It emphasizes the role of the Chief Investor Relations Officer (CIRO) in managing information dissemination and responding to market queries. The company will ensure that UPSI is shared only through designated channels, including stock exchanges and the company's official website, to avoid selective disclosure.
The policy also establishes guidelines for sharing UPSI for legitimate business purposes, such as collaborations, financial transactions, and legal consultations, while maintaining a structured digital database for tracking such disclosures. The code is effective from April 5, 2025, and is available on the company's website.
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Manika Plastech 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 Manika Plastech Limited. Read the original for the full detail.