Chalet Hotels Limited has announced the approval of amendments to its Code for Fair Disclosure of Unpublished Price Sensitive Information (‘UPSI Code’) under the Insider Trading Regulations. The Board of Directors approved the updated code at a meeting held on November 4, 2025. The amended code is designed to ensure fair and transparent dissemination of sensitive information and will be available on the company’s website.
Amended Regulations Approved
The Board of Directors of Chalet Hotels Limited has approved the amended Code for Fair Disclosure of Unpublished Price Sensitive Information (UPSI Code) at its meeting held on November 4, 2025. This update is in line with the SEBI (Prohibition of Insider Trading) Regulations, 2015.
Key Definitions and Principles
The amended code includes definitions for terms such as “Applicable Law,” “Board,” “Chief Investor Relations Officer (CIRO),” “Code,” “Compliance Officer,” “Connected Person,” “Designated Person(s),” “Insider,” “Legitimate Purpose,” “Need to Know,” “Regulations,” and “Unpublished Price Sensitive Information (UPSI).”
Fair Disclosure and Preservation of UPSI
The principles of fair disclosure emphasize the preservation and maintenance of UPSI with utmost confidentiality. The Company aims to ensure prompt and uniform dissemination of information and to take reasonable steps to ensure the veracity and accuracy of information. Corrective actions will be taken in case of errors or selective disclosure.
Responsibilities of CIRO and Compliance Officer
The CIRO and Compliance Officer are responsible for various functions, including universal dissemination of UPSI, determining materiality and scope of disclosures, and providing appropriate responses to queries and market rumors.
Handling Suspected Leaks
In case of suspected leaks, the matter will be thoroughly investigated, and appropriate actions will be taken.
Structured Database Maintenance
The company will maintain a structured digital database containing details of persons with whom UPSI is shared, including names, designations, addresses, and the nature and purpose of sharing UPSI.
Enforcement
The Code is published on the Company’s website, and all stakeholders are expected to adhere to its terms and conditions. Violations may result in disciplinary action.
Source: BSE
