Safari Industries (India) Limited announced on November 5, 2026, that its Board of Directors has approved a revised Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information. This update aligns with SEBI’s Prohibition of Insider Trading Regulations, 2015. The revised code is now available on the company’s website and will be submitted to stock exchanges.
Revised Disclosure Code Approved
Safari Industries (India) Limited has updated its internal policies regarding the dissemination of crucial company information. On November 5, 2026, the company’s Board of Directors met and formally approved amendments to its existing Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI). This revision is in direct response to and in compliance with the Securities and Exchange Board of India (SEBI) (Prohibition of Insider Trading) Regulations, 2015, specifically Regulation 8(2).
Key Objectives and Compliance
The updated code emphasizes principles such as prompt disclosure, uniform dissemination, and fair responses to inquiries. It aims to ensure transparency and prevent selective disclosure of price-sensitive information to stakeholders. The company is committed to maintaining the confidentiality and integrity of UPSI, adhering strictly to the ‘need-to-know’ principle for any third-party disclosures.
Accessibility of the Revised Code
In line with regulatory requirements, the revised Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information has been uploaded to the company’s official website, www.safaribags.com. Furthermore, Safari Industries (India) Limited will promptly intimate this amendment to the relevant stock exchanges as per Regulation 8(2) of the PIT Regulations. The detailed policy outlines procedures for determining ‘Legitimate Purposes’ for sharing UPSI, ensuring all transactions are conducted in compliance with applicable laws and regulations.
Source: BSE
