Priority Jewels Adopts Code for Fair Disclosure of UPSI and Insider Trading

Priority Jewels Limited has announced the adoption of its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI) and Code of Conduct to Regulate, Monitor and Report Trading, as per SEBI (Prohibition of Insider Trading) Regulations, 2015. This code was adopted by the Board of Directors in their meeting held on April 22, 2025.

The company is committed to transparency and fairness and aims to preserve the confidentiality of UPSI to prevent its misuse. The code outlines principles for prompt public disclosure of UPSI, uniform dissemination to avoid selective disclosure, designation of a Chief Investor Relations Officer, and appropriate response to market rumors. It also details definitions of key terms such as 'Connected Person', 'Insider', 'Price Sensitive Information', and 'Trading Window'.

The code establishes a 'Chinese Wall' policy to separate departments with access to confidential information from those without, ensuring information is handled on a need-to-know basis. It also specifies disclosure requirements for Directors and Key Managerial Personnel regarding their shareholding and any changes therein, with stipulated timelines and thresholds. Restrictions on trading during closure of the Trading Window and a pre-clearance procedure for trades exceeding certain limits are also detailed.