Gateway Distriparks Limited announced that its Board of Directors has approved a revised Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI). This update aligns with SEBI (Prohibition of Insider Trading) Regulations, 2015. The revised code is now available on the company’s website, ensuring transparency and preventing selective disclosure of sensitive information.
Gateway Distriparks Adopts Revised Fair Disclosure Code
The Board of Directors of Gateway Distriparks Limited has formally approved an updated Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI). This decision, made during a board meeting held on Wednesday, October 28, 2026, signifies the company’s commitment to maintaining robust standards for the disclosure of price-sensitive information.
Key Compliance and Availability
This revision is in compliance with Regulation 8(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The updated code aims to ensure fair, timely, and transparent dissemination of UPSI, thereby preventing selective disclosure and maintaining confidentiality. In adherence to Regulation 8(1) of the PIT Regulations, the revised Code of Fair Disclosure has also been made available on the company’s official website, www.gatewaydistriparks.com, for public access.
Code Objectives and Definitions
The primary objectives of this code include ensuring that UPSI is disclosed in a fair, adequate, and transparent manner, preventing selective disclosure, and maintaining its confidentiality until it is disseminated according to applicable laws. The document also defines key terms such as “Board”, “Chief Investor Relations Officer” (CIRO), “Company”, “Compliance Officer”, “Generally Available Information”, “Insider”, and “Legitimate Purpose”, along with a comprehensive list of what constitutes “Unpublished Price Sensitive Information” (UPSI).
Principles of Fair Disclosure
Gateway Distriparks is committed to adhering to the following principles:
- Prompt Public Disclosure: UPSI that impacts price discovery will be disclosed as soon as credible and concrete information becomes available.
- Uniform Dissemination: Information will be disseminated uniformly and universally to all stakeholders through stock exchanges and the company website to avoid selective disclosure.
- Designated CIRO: The Company Secretary has been designated as the Chief Investor Relations Officer (CIRO) to manage information dissemination.
- Handling Selective Disclosure: Steps will be taken to make information generally available if it is disclosed selectively or inadvertently.
- Response to Queries: Appropriate and fair responses will be provided to queries on news reports and market rumours.
- Communication with Analysts: Only publicly available information will be shared with analysts, media, and research personnel.
- Need-to-Know Basis: UPSI will be handled strictly on a need-to-know basis.
Policy on Legitimate Purpose
The company has also adopted a Policy for Determination of Legitimate Purposes for sharing UPSI, which forms an integral part of the Code. This policy outlines the conditions and processes for sharing UPSI for legitimate business purposes, ensuring compliance with SEBI regulations.
Source: BSE
