Black Box Limited announced that its Board of Directors has adopted a revised “Code of Conduct for Prevention of Insider Trading and Fair disclosure of Unpublished Price Sensitive Information.” This updated code, effective August 12, 2026, aims to ensure compliance with SEBI regulations and reinforce robust governance practices regarding sensitive corporate information.
Revised Code of Conduct Adopted
Black Box Limited has announced the adoption of a revised “Code of Conduct for Prevention of Insider Trading and Fair disclosure of Unpublished Price Sensitive Information.” This significant governance update was approved by the company’s Board of Directors on August 12, 2026, and is effective immediately.
Objective and Compliance
The revised code is in accordance with the Securities and Exchange Board of India (SEBI) (Prohibition of Insider Trading) Regulations, 2015. Its primary objective is to strengthen the company’s framework for managing unpublished price-sensitive information (UPSI) and to ensure fair and timely disclosure to stakeholders. The updated code replaces previous versions and mandates adherence to enhanced standards for insider trading prevention and transparent communication.
Key Aspects of the Code
The document details various procedures and responsibilities related to the handling of UPSI, including requirements for prompt disclosure, prevention of selective disclosure, and the establishment of digital databases for tracking information dissemination. It also outlines internal procedures for regulating, monitoring, and reporting of trading by insiders, along with pre-clearance of trades and disclosure requirements for designated persons and their immediate relatives. The revised code is designed to foster a culture of integrity and compliance within the organization.
Source: BSE
