Crisil Limited has announced the approval of its amended ‘Crisil Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information’. This updated code, endorsed by the Board of Directors on July 21, 2026, aligns with SEBI regulations. The company has also updated the code on its official website, https://www.crisil.com/, for public access and transparency.
Crisil Approves Amended Fair Disclosure Code
Crisil Limited has officially announced the approval of its updated ‘Crisil Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information’. The amendment was ratified by the company’s Board of Directors during a meeting held on July 21, 2026. This revised code is in compliance with Regulation 8(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.
Key Principles and Dissemination
The core principles of the updated code emphasize the prompt public disclosure of any unpublished price sensitive information (UPSI) that could impact price discovery. Disclosures will be made as soon as credible and concrete information becomes available. The company commits to disseminating UPSI in a universal and uniform manner, avoiding selective disclosure. The Chief Financial Officer, designated as the Chief Investor Relations Officer, will oversee the dissemination process.
In line with its commitment to transparency, Crisil has also ensured that the updated code is hosted on its official website at https://www.crisil.com/. This move facilitates easy access and information for all stakeholders.
Policy Review and Compliance
The policy was last reviewed and updated on July 21, 2026, and is subject to review at least once every three years. Any modifications or amendments to the code require the approval of the Board of Directors and must be promptly intimated to the stock exchanges where Crisil’s shares are listed.
Annexure A: Determination of Legitimate Purposes
Annexure A of the policy details the framework for determining ‘legitimate purposes’ for sharing UPSI. This includes sharing information for advice, consultation, valuation, fund raising, and other intermediation activities. It also covers sharing UPSI with intermediaries, fiduciaries, advisors, lawyers, bankers, and consultants for professional services. The policy explicitly states that sharing UPSI must not be intended to evade or circumvent the prohibitions of the Regulations.
Source: BSE
