Star Health and Allied Insurance has released its updated Policy on Insider Trading, effective April 28, 2026. The revised policy strengthens the company’s internal controls and compliance framework regarding the handling of Unpublished Price Sensitive Information (UPSI). Approved by the Board of Directors, this document outlines updated procedures for trading windows, disclosure requirements, and the institutional mechanism for managing inquiries into potential leaks of confidential information to ensure full corporate transparency and governance.
Commitment to Corporate Governance
As part of its ongoing commitment to ethical conduct and market integrity, Star Health and Allied Insurance Co. Ltd. has introduced its amended Policy on Insider Trading. This update aligns with current regulatory standards to ensure that all dealings by designated persons and insiders remain transparent. The board-approved document provides a comprehensive framework to manage, monitor, and report any trading activity involving company securities.
Key Policy Features
The revised policy introduces several rigorous standards, including the maintenance of a Structured Digital Database to track the flow of sensitive information. Key highlights include:
- Trading Window Restrictions: Clear mandates on the closure of the trading window starting from the first day following the calendar quarter until 48 hours after the disclosure of financial results.
- Pre-Clearance Protocols: Mandatory approval requirements for trades exceeding ₹25 lakh within a financial year.
- Prohibition on Contra-Trade: A restriction on opposite transactions within a six-month period, with strict oversight by the Compliance Officer.
Leakage Prevention and Inquiry Mechanism
The updated policy places a strong emphasis on the protection of Unpublished Price Sensitive Information (UPSI). It establishes a dedicated Inquiry Committee, chaired by senior management, to oversee the investigation of any suspected leaks. The investigation process is designed to be a neutral, fact-finding process, which must generally be concluded within 30 days of receiving a complaint. This proactive approach ensures that the company maintains its high standards of internal controls and accountability.
Source: BSE
