Pranav Constructions Adopts Code for Fair Disclosure of UPSI
Pranav Constructions Limited has adopted a revised Code of Practices and Procedures for fair disclosure of Unpublished Price Sensitive Information (UPSI). This updated code, Version 2.0, aims to ensure timely and uniform disclosure of price-sensitive information to stakeholders. The code is available on the company's website.
This is a standard corporate governance compliance update. The adoption of such a code is a regulatory requirement and does not immediately impact the company's operations or financial performance.
The announcement is a routine regulatory filing regarding the adoption of a code of conduct for fair disclosure of UPSI. It does not contain any new financial information or significant business developments that would impact the company's stock price.
Pranav Constructions Limited has adopted a revised Code of Practices and Procedures for fair disclosure of Unpublished Price Sensitive Information (UPSI), as per Regulation 8(1) of the SEBI PIT Regulations. This updated code, Version 2.0, was adopted on 16th August 2025, superseding the previous version adopted on 24th February 2025.
The company submitted the code to the National Stock Exchange and BSE Limited on 22nd September 2026. The objective of this code is to ensure timely and adequate disclosure of UPSI that could impact the company's share price, maintaining uniformity, transparency, and fairness for all stakeholders.
The code outlines principles for prompt public disclosure, uniform dissemination to avoid selective disclosure, designation of a Chief Investor Relations Officer (CIRO) for managing disclosures, and appropriate responses to market rumors. It also details the determination of 'Legitimate Purpose' for sharing UPSI, emphasizing a case-by-case evaluation based on the nature of information, purpose, necessity, and the company's best interests. The code is available on the company's website at www.pranavconstructions.com under the investor corner/corporate governance section.
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Pranav Constructions 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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