Reliance Chemotex Amends UPSI Fair Disclosure Code

Key Details and Dates

• Trading Symbol: RELCHEMQ
• Approving Authority: The amended code was approved by the Board of Directors of Reliance Chemotex Industries Ltd. at its meeting held on May 29, 2026.
• Previous Versions: The code was previously approved/amended by the Board on February 9, 2019, and February 9, 2023.

Purpose and Rationale

The amendment is undertaken to ensure compliance with SEBI regulations and to uphold the company's commitment to timely and accurate disclosure based on applicable legal and regulatory requirements. The code aims to preserve the confidentiality of UPSI, prevent its misuse, and ensure uniform, transparent, and fair dealing with all stakeholders.

Principles of Fair Disclosure Outlined in the Code

• Prompt Disclosure to Exchanges: The company shall ensure prompt disclosure of UPSI to the stock exchanges where its securities are listed.
• Uniform Dissemination: The company shall make uniform and universal dissemination of UPSI to avoid selective disclosure. Information submitted to the stock exchange is deemed generally available and no longer treated as UPSI.
• Designated Officer: The Company Secretary & Compliance Officer is designated as the Chief Investor Relations Officer responsible for disseminating information and disclosing UPSI. In their absence, another officer authorized by the Board will assume this role.
• Rumour Verification: The company shall provide appropriate and fair responses to queries on news reports and requests for verification of market rumours by regulatory authorities like stock exchanges.
• Analyst Interactions: The company shall ensure that information shared with analysts and research personnel is not UPSI. It will adopt best practices to publish transcripts or records of meetings with analysts and investor conferences on its official website.
• 'Need to Know' Basis: All UPSI is to be handled on a strict 'need to know' basis only.

Policy for Determination of 'Legitimate Purpose'

The code defines the criteria for sharing UPSI for a 'Legitimate Purpose':

• It includes sharing in the ordinary course of business with partners, collaborators, lenders, customers, suppliers, merchant bankers, legal advisors, auditors, insolvency professionals, or other advisors/consultants, provided it is not to evade regulations.
• Information must be shared on a 'need to know' basis and in the interest of the company or for legal compliance.
• Persons receiving UPSI for a legitimate purpose are considered 'Insiders' and must be notified to maintain confidentiality. The Chief Investor Relations Officer must ensure such third parties are bound by non-disclosure agreements outlining their duties and liabilities.
• Structured Digital Database: The company is mandated to maintain a structured digital database containing details of all persons/entities with whom UPSI is shared. This database must include PAN or other authorized identifiers and be maintained with internal controls like time-stamping to prevent tampering.