Behari Lal Engineering adopts SEBI fair disclosure code for UPSI
- Behari Lal Engineering adopted a Code of Practices for Fair Disclosure of UPSI on August 22, 2026
- The framework complies with Regulation 8(1) and 8(2) of SEBI PIT Regulations, 2015
- Chief Financial Officer designated as Chief Investor Relations Officer to oversee disclosures
- Social media use for material non-public information is prohibited to prevent selective disclosure
*this image is generated using AI for illustrative purposes only.
Behari Lal Engineering Limited adopted a Code of Practices for Fair Disclosure of Unpublished Price Sensitive Information on August 22, 2026. The Board of Directors approved the framework to ensure uniform dissemination of material information to stock exchanges.
The disclosure was made pursuant to Regulation 8(2) of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. The company submitted the code to the Listing Departments of BSE Limited and National Stock Exchange of India Limited.
Regulatory Framework
The code is designed to comply with Regulation 8(1) of the SEBI PIT Regulations. It requires the board to formulate procedures for fair disclosure of unpublished price sensitive information (UPSI). The provisions apply immediately upon the commencement of listing and trading of equity shares.
Key operational guidelines include:
- UPSI must be disclosed promptly when credible and concrete information arises.
- Information must be disseminated uniformly to avoid selective disclosure.
- Inadvertent selective disclosure requires immediate steps to make the information generally available.
Roles and Responsibilities
The Chief Financial Officer serves as the Chief Investor Relations Officer (CIRO). The CIRO is responsible for:
- Disseminating UPSI to stock exchanges and press.
- Responding to queries on news reports and market rumours.
- Overseeing content posted on the company website.
All communications of UPSI with stock exchanges require prior approval from the CIRO. Use of social media platforms for disclosing material non-public information is prohibited as it constitutes selective disclosure.
Legitimate Purpose Policy
The code includes a policy for determining legitimate purposes for sharing UPSI. Insiders may share information with regulators, directors, lenders, auditors, and advisors in the ordinary course of business. Recipients of such information are deemed insiders and must maintain confidentiality.
A digital database records all instances of UPSI sharing, including timestamps and audit trails. This database must be preserved for at least eight years after the relevant transaction.
Historical Stock Returns for Behari Lal Engineering
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.84% | +73.67% | +73.67% | +73.67% | +73.67% | +73.67% |
How might the implementation of this strict fair disclosure code impact Behari Lal Engineering's stock liquidity and volatility upon commencement of trading?
What specific operational challenges could the Chief Financial Officer face in managing the digital database and audit trails for UPSI sharing over an eight-year retention period?
Could the prohibition on using social media for material disclosures hinder the company's ability to engage with retail investors effectively compared to peers?
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