Visagar Polytex Ltd

🔒 Visagar Polytex Updates Insider Trading Policy – Key Changes Effective Aug 2025

- Amended 'Code of Conduct for Prevention of Insider Trading' and 'Code of Practices and Procedures for fair disclosure of UPSI' effective August 13, 2025.

- Designated Persons (directors, key personnel, employees with UPSI access) face strict trading restrictions, especially during closed trading windows.

- Pre-clearance required for trades exceeding 10,000 equity shares/month or 20,000/quarter, valid for 7 trading days.

- Contra trades (buying/selling within 6 months) prohibited; profits from such trades must be disgorged to SEBI's Investor Protection Fund.

- Trading plans must be publicly disclosed, with a 6-month cooling-off period before execution and a minimum 12-month coverage.

- Structured digital database maintained to track UPSI sharing, including recipient names and PANs.

- Penalties for violations include disciplinary action, monetary fines up to ₹1 crore or 3x profits, and potential criminal prosecution.

- Annual disclosures mandated for Designated Persons regarding their and immediate relatives' securities holdings.

- Whistleblower protections in place, but false reports may lead to disciplinary action.

- Confidentiality Notice emphasizes careful handling of UPSI, prohibiting disclosure or trading based on UPSI.