Key Compliance Confirmations
The company confirms two specific actions in accordance with SEBI PIT Regulations:
1. Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information
- Formulated on: October 21, 2024
- Required under: Regulation 8(1) of PIT Regulations
- Published on company website
- Effective date: 21st October 2024
2. Code of Conduct to Regulate, Monitor and Report Trading by Designated Persons and Immediate Relatives of Designated Persons
- Formulated and adopted on: September 16, 2026
- Required under: Regulation 9(1) of PIT Regulations
Code of Fair Disclosure Details (Enclosed Document)
The enclosed Code of Practices and Procedures for Fair Disclosure establishes comprehensive guidelines:
Applicability: Binding on all employees, officers, directors, and persons authorized to speak on behalf of the company.
Definition of Material Information: Includes Unpublished Price Sensitive Information (UPSI) and material events as per SEBI Listing Regulations. UPSI specifically encompasses:
- Financial results
- Dividends
- Change in capital structure
- Mergers, de-mergers, acquisitions, delisting, disposals and expansion of business
- Changes in key managerial personnel
- Material events per SEBI Listing Regulations
Disclosure Principles: Requires immediate disclosure through stock exchanges unless confidentiality is necessary to protect strategic business opportunities or due to third-party confidentiality restrictions. All disclosures must be timely, complete, non-misleading, and include unfavorable information as promptly as favorable information.
Disclosure Process: Functional heads must contact the Compliance Officer or Managing Director upon becoming aware of material information. The Compliance Officer and/or Managing Director then determine disclosure requirements and timing.
Information Security: Directors/employees must maintain confidentiality, avoid discussing material information in public places or online forums, and refrain from trading until information is publicly disclosed.
Investor Relations: Communications with analysts and investors are based on generally available information. Presentations to analysts are placed on the company website. The company does not comment on market rumors except when required by stock exchanges due to significant volatility.
Record Maintenance: The company maintains records of all disclosures made under relevant laws and regulations for audit and future reference.
Governance: The code is subject to review and approval by the Board of Directors, may be amended by the Board, and is published on the company website.
Financial Impact
No specific financial impact quantified in the disclosure. This is a procedural and compliance update.
#Tags: #EverestIMS #SEBI #PITRegulations #RegulatoryCompliance #CorporateGovernance