Piramal Pharma Amends Fair Disclosure Code for UPSI, aligning with SEBI PIT Regulations
The amendment to the fair disclosure code is a routine regulatory compliance measure, not expected to have a significant direct impact on the company's business operations, financial performance, or market valuation.
The company is updating its internal code to comply with SEBI regulations. This is a routine compliance activity and does not indicate a positive or negative change in the company's operational or financial outlook.
Piramal Pharma Limited (PPLPHARMA) announced on 9th September 2025, that it has amended its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (Fair Disclosure Code). * The amendment is made pursuant to Regulation 8(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015 (SEBI PIT Regulations). * It incorporates recent amendments to the SEBI PIT Regulations to ensure compliance. * Key aspects of the updated code include: * Appointment of a Chief Investor Relations Officer (CIRO) for information dissemination. * Ensuring prompt, uniform, and universal disclosure of Unpublished Price Sensitive Information (UPSI). * Handling UPSI strictly on a need-to-know basis and defining "legitimate purposes" for sharing UPSI. * Issuing notice to recipients of UPSI, making them aware of their duties and liabilities as "insiders." * Guidelines for interaction with research analysts and responses to queries on news reports/market rumours. * Maintenance of a structured digital database of persons or entities with whom UPSI is shared. * Restrictions on trading in securities while in possession of UPSI. * The updated Fair Disclosure Code is available on the company's website.
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Piramal Pharma Limited filed this with the NSE as a statutory disclosure, categorised under regulatory filings. 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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