AceVector Limited has announced the adoption of its ‘Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information’ (‘Code’). This action is in compliance with Regulation 8(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The Code outlines procedures for the uniform and universal dissemination of price-sensitive information to avoid selective disclosures and ensure transparency. It is available on the company’s website.
AceVector Adopts Fair Disclosure Code
AceVector Limited has formally adopted its ‘Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information’ (the ‘Code’). This initiative aligns with the requirements of Regulation 8(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended.
Purpose of the Code
The Code is designed to ensure the prompt public disclosure of Unpublished Price Sensitive Information (UPSI). It mandates that UPSI be disseminated to Stock Exchanges and made generally available as soon as credible and concrete information becomes available. The company commits to uniform and universal dissemination to all stakeholders through Stock Exchanges and its official website, https://www.acevector.com/, thereby avoiding selective disclosure.
Accessibility of the Code
In accordance with the regulations, the adopted Code is now accessible on the Company’s website under the section ‘Policies and Governance’, within the ‘IPO Disclosure’ sub-section. This ensures transparency and provides stakeholders with easy access to the company’s disclosure practices.
Disclosure Procedures
The policy details procedures for responding to queries on news reports and requests for verification of market rumors by regulatory authorities. It also outlines protocols for disclosure and dissemination of information with reference to analysts, institutional investors, and research personnel, emphasizing the provision of only public information or simultaneous public disclosure of any UPSI shared.
Source: BSE
