Endurance Technologies Limited announced that its Board of Directors has officially approved an amendment to its “Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information”. This revision is being made in compliance with applicable regulatory mandates regarding insider trading. The company has enclosed the updated Code for regulatory record, ensuring transparent disclosure frameworks remain robust for stakeholders following the meeting held on February 12, 2026.
Corporate Disclosure Update Approved
Endurance Technologies Limited has formally communicated a significant update to its internal governance framework concerning market-sensitive information. The Board of Directors, in its meeting conducted on February 12, 2026, sanctioned an amendment to the existing “Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information” (referred to as “the Code”). This action was taken to maintain adherence to the framework governing the fair disclosure of Unpublished Price Sensitive Information (UPSI).
Framework for Fair Disclosure
The Code establishes the principles guiding the disclosure of events likely to impact the company’s securities pricing. It mandates a framework aimed at the fair disclosure of events that could affect price discovery and the clear determination of “Legitimate Purposes” for sharing sensitive data.
Defining UPSI
Unpublished Price Sensitive Information (UPSI) is defined broadly, encompassing any non-public data likely to materially affect security prices. Key categories explicitly listed as UPSI include:
- Financial results and changes in capital structure.
- Decisions regarding dividend issuance.
- Major corporate actions such as merger, de-merger, acquisition, or delisting, especially if outside the normal course of business.
- Changes involving key managerial personnel (unless due to superannuation).
- Initiation or outcome of significant litigation or disputes.
- Matters concerning regulatory actions, forensic audits, or the initiation of corporate insolvency resolution processes.
The materiality of events for UPSI identification is guided by the standards set out in the Listing Regulations.
Principles of Non-Selective Disclosure
The policy emphasizes that UPSI must be disclosed promptly once credible and concrete information exists, ensuring it is made ‘generally available’ on a non-discriminatory basis. Dissemination methods must be uniform and universal, involving:
- Intimation to the relevant stock exchanges.
- Immediate uploading of information on the company website, specifically www.endurancegroup.com.
The Chief Financial Officer or Compliance Officer serves as the Chief Investor Relations Officer (CIRO) responsible for overseeing UPSI dissemination. The Code also notes that the company may temporarily keep certain UPSI confidential if immediate disclosure risks compromising strategic business opportunities or due to third-party restrictions, with the decision resting with the Managing Director and CIRO.
Determining Legitimate Purpose
Sharing of UPSI is strictly restricted to a ‘need-to-know’ basis, strictly for furthering a legitimate purpose, discharging duties, or fulfilling legal obligations. An action is considered legitimate if it conforms to applicable statutes, is in the ordinary course of business, and does not lead to ‘market abuse’ or result in personal benefit to any Connected Person.
Legitimate sharing specifically includes facilitating due diligence for transactions and the preparation of financial statements.
Policy Review and Transparency
The Board reserves the right to modify the Code, which is subject to review at least once a year. All versions of the Code and subsequent amendments will be promptly intimated to the stock exchanges and hosted on the company website.
Source: BSE
