Advent Hotels International Ltd

Advent Hotels Strengthens Insider Trading Safeguards 🏨🔐

- Submitted new 'Code of Practice for Fair Disclosure of UPSI' to BSE/NSE as per SEBI regulations

- Policy covers Directors, Officers, Designated Employees and their immediate relatives

- Clearly defines key terms: UPSI, Connected Person, Designated Person, Trading Window

- Compliance Officer monitors adherence, pre-clears trades and maintains records

- Trading restrictions apply during closed windows (e.g., around financial results, mergers)

- Pre-clearance required for trades exceeding 1,500 shares or ₹3,00,000 per month

- 6-month contra-trade restriction in place

- Mandatory disclosures for securities holdings/transactions over ₹10,00,000

- Digital UPSI database established with strict confidentiality controls

- Whistleblowing mechanism implemented for reporting UPSI leaks

- Violations may result in company disciplinary action or SEBI penalties