United Breweries Limited has amended its “Code of Practices & Procedures for Fair Disclosures of Unpublished Price Sensitive Information”, effective from June 10, 2025. This amendment incorporates recent changes to the SEBI (Prohibition of Insider Trading) Regulations, 2015. The updated code aims to ensure timely and adequate disclosure of unpublished price-sensitive information and is available on the company’s website.
Revised Fair Disclosure Code
United Breweries Limited has updated its “Code of Practices & Procedures for Fair Disclosures of Unpublished Price Sensitive Information” to align with the latest regulatory requirements. The revised code incorporates amendments to the SEBI (Prohibition of Insider Trading) Regulations, 2015. The changes became effective on June 10, 2025.
Key Changes and Objectives
The amended code aims to ensure the following:
- Timely and adequate disclosure of Unpublished Price Sensitive Information (UPSI).
- Maintenance of uniformity, transparency, and fairness in dealing with all stakeholders.
- Adherence to applicable laws and regulations.
The company emphasizes preserving the confidentiality of UPSI and preventing its misuse.
Availability of the Code
The updated code is available on United Breweries Limited’s official website: www.unitedbreweries.com
Legitimate Purpose Policy
The company has a defined policy for the determination of legitimate purposes. This policy dictates how and when unpublished price-sensitive information can be shared within and outside the organization. This aspect is formalized as part of the Fair Disclosures Code and is outlined in Annexure-I of the document.
Definitions of Key Terms
The code includes definitions for key terms, including:
- Act: The Securities and Exchange Board of India Act, 1992.
- Board: The Board of Directors of the Company.
- Compliance Officer: A senior officer responsible for regulatory compliance.
- Connected Person: Individuals associated with the Company who may have access to UPSI.
- Designated Persons: Promoters, directors, and key managerial personnel.
- Immediate Relative: Spouse, parents, siblings, and children.
- Insider: Any person with access to UPSI.
- Legitimate Purpose: Includes sharing information in the ordinary course of business, provided it is not used to evade regulations.
- UPSI: Unpublished Price Sensitive Information.
Source: BSE