Bajaj Finserv: Board Approves Amendments to Fair Disclosure Code

The Board of Directors of Bajaj Finserv approved amendments to the ‘Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information’ during their meeting on September 15, 2025. The revised Fair Disclosure Code will be available on the company website, and the company requested that the amended code be taken on record.

Fair Disclosure Code Amendment

The Board of Directors at Bajaj Finserv has officially approved changes to its internal policies. During a meeting held on September 15, 2025, the board approved amendments to the ‘Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information’ (Fair Disclosure Code).

Key Elements of the Fair Disclosure Code

The Fair Disclosure Code is designed to ensure prompt and consistent public disclosure of any information that could impact price discovery. The goal is to ensure that all information is generally available on a non-discriminatory basis. Key tenets of the code include:

• Ensuring uniform dissemination of information to avoid selective disclosure.
• Compliance Officer acting as Chief Investor Relations Officer (CIRO).
• Appropriate response to market rumors and news queries.
• Ensuring information shared with analysts is not Unpublished Price Sensitive Information (UPSI).

Legitimate Purposes for Information Sharing

The policy outlines the term “legitimate purposes” for sharing UPSI, clarifying that it includes sharing information with partners, collaborators, lenders, customers, suppliers, merchant bankers, legal advisors, auditors, insolvency professionals, and other advisors. However, such sharing must not be carried out to evade prohibitions under insider trading regulations.

Principles for Determining Legitimate Purpose

Key principles guide decisions on whether sharing UPSI is legitimate:

1. The person seeking information must have authority.
2. The person providing information must have authority.
3. The purpose for which information is sought must be disclosed.
4. Information should only be shared if it is necessary for the purpose.
5. The information should not be conditional or qualified.
6. Sharing should be consistent with regulatory requirements and past practices.

Maintenance and Review

Bajaj Finserv will maintain a structured digital database of individuals with whom UPSI is shared, including their Permanent Account Numbers. The policy is subject to periodic review to ensure it remains compliant with evolving regulatory requirements.

Source: BSE