Apollo Tyres Ltd
Apollo Tyres Updates Code for Fair Disclosure of Information ๐๐
- The amended code is effective from April 1, 2019, and is available on the company's website.
- Key objectives include ensuring timely and fair disclosure of UPSI to prevent insider trading and maintain confidentiality.
- Authorized spokespersons for external communication include the Chairman, Vice Chairman & Managing Director, CFO, and other designated officers.
- UPSI must be disseminated uniformly via stock exchanges and the company website to avoid selective disclosure.
- Accidental leaks of UPSI require prompt public correction.
- The code includes a policy for sharing UPSI for legitimate purposes under strict confidentiality agreements and 'need-to-know' basis safeguards.
- Meetings with analysts or investors must be recorded, and transcripts published on the website to prevent misinformation.