Bajaj Holdings & Investment has amended its ‘Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information’. The board approved these changes at a meeting held on September 16, 2025. The amended code ensures transparency and proper handling of sensitive information within the company. This aligns with regulatory requirements for fair disclosures.
Amendment to Disclosure Code
Bajaj Holdings & Investment has announced an amendment to its ‘Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information’ (the ‘Code’). The announcement was made on September 16, 2025.
Details of the Amendment
The amendment follows the guidelines for fair disclosure. The amended code has been posted on the company’s website for stakeholders.
Key Points of the Amended Code:
Legitimate Purposes: The term includes sharing UPSI in the ordinary course of business with various parties, provided it doesn’t evade prohibitions.
UPSI Definition: As defined under relevant regulations and the Company’s Code of Conduct.
Prompt Disclosure: Ensuring prompt public disclosure of UPSI impacting price discovery.
Uniform Dissemination: Ensuring uniform dissemination of UPSI to avoid selective disclosure.
CIRO Role: The Compliance Officer acts as the Chief Investor Relations Officer (CIRO).
Handling Queries: Ensuring appropriate and fair responses to news reports and market rumors.
Analyst Information: Ensuring shared information with analysts isn’t UPSI.
Record Keeping: Maintaining records of analyst interactions and investor conferences.
Need-to-Know Basis: Handling all UPSI on a need-to-know basis.
Insider Definition: Persons receiving UPSI for a “legitimate purpose” are considered “insiders.”
Digital Database: A structured digital database is maintained with details of those with whom UPSI is shared.
Policy for Legitimate Purposes
Principles: Including authority to seek/provide information, disclosed purpose, necessity, timeliness, conditions, regulatory compliance, consistency, and not being for trading.
Deemed Legitimate: Sharing financial data with auditors, complying with investigations, and adhering to court orders.
Compliance: Aligning with laws, regulations, and contractual obligations.
Process for Sharing UPSI
Satisfying information is UPSI, identifying recipients, notifying recipients of confidentiality, and choosing the appropriate mode of sharing.
Database Maintenance
Maintaining structured databases with necessary identifiers and controls to prevent tampering.
Policy Review
The Policy shall be reviewed periodically for regulatory requirements. Provisions of law shall override this policy.
Source: BSE
