Date: May 28, 2026

Board Meeting Outcomes

  • Board of Directors approved amended "Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI)" at meeting held on Thursday, May 28, 2026
  • Policy amendment intimated to BSE Limited and National Stock Exchange of India Limited under Regulation 8(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015

KMP / Board / Auditor Changes

Not Specified

Dividend Declaration or Non-Declaration

Not Specified

Financial Results (Standalone & Consolidated)

Not Specified

Disinvestment / Strategic Actions

Not Specified

Other Operational / Legal / Strategic Disclosures

UPSI Fair Disclosure Code Key Provisions:

  • Objective: Establish framework for fair disclosure of UPSI to promote transparency, integrity, and compliance with securities laws
  • Regulatory Framework: Formulated under Regulation 8 of SEBI (Prohibition of Insider Trading) Regulations, 2015
  • Definitions: Includes comprehensive definition of UPSI covering financial results, dividends, change in capital structure, mergers/acquisitions, changes in key managerial personnel, change in ratings, fund raising, agreements impacting management/control, fraud/defaults, resolution plans/restructuring, insolvency proceedings, forensic audits, regulatory actions, litigation outcomes, guarantees, and license approvals
  • Principles of Fair Disclosure: Prompt public disclosure, uniform dissemination, Compliance Officer as Chief Investor Relations Officer, appropriate response to queries/rumors, handling information on need-to-know basis
  • Sharing of UPSI: Permitted for legitimate purposes on need-to-know basis with partners, collaborators, lenders, customers, suppliers, advisors, consultants
  • Recipient Notice Requirements: Must inform recipients that information is UPSI, their duties/responsibilities, and confidentiality requirements
  • Digital Database: CIRO must maintain structured digital database of UPSI recipients containing name, organization, address, email, PAN/identifier with internal controls and audit trails
  • Amendment Provision: Board may review and amend code as needed, subject to regulatory changes

Policy Availability

  • Amended policy accessible on company website at www.efclimited.in