AAVAS Financiers has amended its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information, as approved by the Board of Directors on November 11, 2025. The updated code aims to ensure transparency and fair dissemination of price-sensitive information, aligning with best practices and regulatory standards. The revised code is available on the company’s website.
Revised Disclosure Practices
AAVAS Financiers Limited has updated its ‘Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information’. The Board of Directors approved the amendments during a meeting held on November 11, 2025.
Key Principles of the Code
The updated code emphasizes the following principles:
- Prompt public disclosure of all Unpublished Price Sensitive Information (UPSI).
- Uniform and universal dissemination of UPSI to avoid selective disclosure.
- Designation of a Chief Investor Relations Officer to manage information dissemination.
- Handling of all UPSI on a need-to-know basis.
Legitimate Purposes for Sharing UPSI
Sharing UPSI is considered legitimate if it aligns with the ordinary course of business and doesn’t evade regulatory requirements. This includes sharing information with insiders, promoters, advisors, consultants, business associates, lenders, customers, and legal advisors.
Website Disclosure
AAVAS Financiers will maintain an updated website with comprehensive information, including business details, financial reports, and investor communications, to ensure universal disclosure of UPSI.
The ‘Chief Investor Relations Officer’ is responsible for the dissemination of UPSI, in compliance with corporate and securities laws. The code is available on the company’s website and is subject to change by the Board of Directors.
Source: BSE
