Wipro has amended its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information to adhere to updated principles effective December 1, 2025. The changes, aimed at maintaining transparency and fairness, align with the SEBI (Prohibition of Insider Trading) Regulations, 2015. The updated code is available on Wipro’s website.
Revised Disclosure Code
Wipro has updated its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information, reflecting recent amendments to regulations concerning insider trading. The updated code will be effective from December 1, 2025. The aim is to further enhance fairness and transparency in information disclosure.
Key Objectives
The revised code seeks to establish a robust framework for the fair disclosure of events impacting price discovery of Wipro’s securities. This ensures uniformity, transparency, and fairness in dealing with stakeholders while adhering to all relevant laws and regulations.
Chief Investor Relations Officer (CIRO)
The Head of Investor Relations will function as the CIRO, responsible for ensuring uniform and universal dissemination of information. The CIRO will oversee timely disclosure of Unpublished Price Sensitive Information (UPSI) to prevent selective disclosure.
Handling of UPSI
UPSI will be made available strictly on a need-to-know basis and only for legitimate purposes, in line with the Insider Code. Wipro emphasizes sensitizing employees on handling UPSI and maintaining confidentiality. Any sharing of UPSI requires adherence to wall-crossing procedures.
Legitimate Purposes
Wipro outlines a policy for determining legitimate purposes for sharing UPSI, emphasizing that such sharing must be in the company’s best interest and without intentions of misuse. Examples include sharing information for financial reporting or strategic alliances.
Code Review
The board retains the power to amend the code. The revised code will be published on the company’s website and promptly communicated to stock exchanges.
Source: BSE