Paras Defence amends Insider Trading Code for enhanced compliance
Paras Defence and Space Technologies Limited amended its Code for Prohibition of Insider Trading and Fair Disclosure of UPSI on July 24, 2026. The Board of Directors approved the updated policy, which aligns with SEBI regulations. The amended code details procedures for handling UPSI and trading by designated persons.
This is an amendment to an existing compliance policy and does not introduce new business operations, financial changes, or strategic shifts that would directly impact the company's stock price or business operations in the short term.
The announcement is a routine compliance update regarding amendments to the company's insider trading code. It does not contain any new financial information or significant business developments that would warrant a positive or negative sentiment.
Paras Defence and Space Technologies Limited announced on July 24, 2026, that its Board of Directors has approved amendments to the company's Code for Prohibition of Insider Trading and Fair Disclosure of Unpublished Price Sensitive Information (UPSI). This updated policy is in line with the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended.
The amended policy, now in version 3.0, was approved by the Board on July 24, 2026, and has been uploaded to the company's website at https://parasdefence.com/investors. The document details various aspects including general provisions, definitions, role of the Compliance Officer, restrictions on communication and procurement of UPSI, the concept of Chinese Walls, trading when in possession of UPSI, and the maintenance of a structured digital database.
The code emphasizes preserving confidentiality, prohibiting unfair market abuse, and regulating trading by designated persons and their immediate relatives. It outlines responsibilities for compliance, reporting, and penalties for contravention. The company aims to ensure adherence to SEBI regulations and maintain transparent disclosure practices.
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Paras Defence and Space Technologies 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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