Honasa Consumer Limited has announced a revised Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information. Approved by the Board of Directors on May 21, 2026, the updated policy strengthens the company’s framework for managing internal information, ensuring transparency, and maintaining compliance. This move underscores the company’s commitment to maintaining integrity in its market disclosures and protecting shareholder interests by standardizing how sensitive information is handled and shared.
Strengthening Information Transparency
Honasa Consumer Limited has formally implemented its revised Code of Practices and Procedures for Fair Disclosure. This policy is designed to uphold the highest standards of transparency and accountability. By establishing clear protocols for the dissemination of information that may influence its stock price, the company aims to ensure that all market participants have equitable access to data, thereby supporting fair and efficient price discovery for its securities.
Defining Legitimate Information Sharing
A core component of the updated code is the refined definition and handling of Legitimate Purposes for information sharing. The policy mandates that any information sharing—whether with business partners, auditors, lenders, or consultants—must occur strictly on a need-to-know basis. This safeguard is intended to prevent the inadvertent or selective release of sensitive data, ensuring that proprietary or impactful details are only disclosed when necessary for the furtherance of the company’s business interests or to meet legal obligations.
Management and Communication Protocols
The revised code reinforces the role of the Chief Investor Relations Officer (CIRO) in overseeing all external communications. Employees and stakeholders are restricted from responding to market rumors or external inquiries unless explicitly authorized. Furthermore, the company has committed to documenting all investor interactions, including transcripts or records of meetings with analysts and research personnel, which will be made available on the official website to maintain a high level of official confirmation and documentation for all stakeholders.
Source: BSE
