Finolex Cables Limited has announced that its Board of Directors approved an amendment to the Company’s Code of Conduct at a meeting held on November 11, 2025. The amendment focuses on regulating, monitoring, and reporting trading activities by designated persons and their immediate relatives, in accordance with SEBI’s regulations. The amended code is available on the company website.
Insider Trading Code Amendment
The Board of Directors of Finolex Cables Limited has approved an amendment to the Company’s Code of Conduct during its meeting held on November 11, 2025. This amendment is designed to better regulate, monitor, and report trading activities conducted by designated individuals and their immediate family members.
Details of the Amended Code
The amended Code of Conduct aims to ensure compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015. It includes provisions for:
- Regulating trading by designated persons.
- Monitoring trading activities.
- Reporting procedures for trading.
Availability of the Code
The amended Code of Conduct has been made available for review and can be accessed on the company’s website at www.finolex.com.
Key Definitions within the Amended Code
The updated code includes precise definitions to ensure clarity and compliance. Some important definitions include:
- Compliance Officer: Responsible for ensuring compliance with policies, maintaining records, and implementing the Code.
- Connected Person: Any person associated with the Company who has access to Unpublished Price Sensitive Information (UPSI).
- Designated Person: Connected persons, including directors, promoters, and key managerial personnel.
- Insider: Any person with access to UPSI.
- Trading: Subscribing, buying, or selling securities.
- UPSI: Unpublished Price Sensitive Information that could affect the price of securities.
Structured Digital Database
The company will maintain a structured digital database containing information on those who have access to UPSI, ensuring proper controls and time stamping.
Trading Window Closure Period
Designated persons and their immediate relatives cannot trade during the Trading Window Closure Period. This period starts at the end of every quarter and lasts until 48 hours after the declaration of financial results.
Penalties for Contravention
The code outlines penalties for non-compliance, including warnings and fines based on the severity and frequency of the violation.
Source: BSE
