Finolex Cables Limited has announced an amendment to its Code of Conduct to Regulate, Monitor and Report Trading by Insiders. This update, approved by the Board of Directors on November 7, 2026, aims to further regulate, monitor, and report trading activities by designated persons and their immediate relatives. The amended code is effective from November 7, 2026 and is available on the company’s website.
Finolex Cables Amends Insider Trading Code
Finolex Cables Limited has updated its internal policy governing trading activities by its employees and key personnel. The Board of Directors, during their meeting on November 7, 2026, approved an amendment to the company’s Code of Conduct to Regulate, Monitor and Report Trading by Insiders (the “Code”). This revision is intended to enhance the framework for regulating, monitoring, and reporting trading activities undertaken by designated persons and their immediate relatives.
Key Details of the Amendment
The updated Code of Conduct is effective from November 7, 2026. The company has stated that the amended Code has been annexed to the disclosure for the perusal of regulatory bodies and is also accessible on the official website of Finolex Cables Limited at www.finolex.com. The amendment addresses requirements outlined in Regulation 8(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.
The document details various definitions related to insider trading, including ‘UPSI’ (Unpublished Price Sensitive Information), ‘Connected Person’, and ‘Designated Persons’. It also outlines procedures for communication and procurement of UPSI, trading windows, pre-clearance of trades, contra trade restrictions, and reporting of violations. The company emphasizes the importance of compliance with these regulations to prevent insider trading.
Source: BSE
