SBI Card has revised its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information, as approved by the Board of Directors on October 8, 2025. The updated code, designed to ensure fair practices and compliance with insider trading regulations, is now available on the company’s website. These revisions aim to enhance transparency and maintain investor confidence.
Revised Insider Trading Code
The Board of Directors of SBI Card has approved revisions to the company’s Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information during its meeting on October 8, 2025. This update is aligned with Regulation 8 of the Securities and Exchange Board of India (SEBI) (Prohibition of Insider Trading) Regulations, 2015.
Key Changes and Disclosures
The revised code aims to govern the disclosure of any information that could materially affect the company’s stock prices. Key points include:
- Ensuring prompt and uniform disclosure of unpublished price-sensitive information (UPSI).
- Defining legitimate purposes for sharing UPSI to prevent misuse.
- Maintaining a digital database of individuals with access to UPSI.
- Establishing guidelines for communication with analysts and research personnel to prevent selective disclosure.
Availability of the Code
The complete revised Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information is available on the company’s official website.
Chief Investor Relations Officer
The Chief Financial Officer of SBI Card serves as the Chief Investor Relations Officer (CIRO), responsible for overseeing information dissemination and addressing queries related to market rumors.
Source: BSE