Karamtara Engineering board adopts fair disclosure code for UPSI
- Karamtara Engineering Board adopted the Code of Practices for Fair Disclosure of UPSI under SEBI PIT Regulations 2015
- Policy mandates maintenance of a Structured Digital Database (SDD) with records preserved for at least eight years
- Sharing of UPSI restricted to 'need-to-know' basis with mandatory entry of recipient details in SDD
- CIRO designated to oversee non-discriminatory disclosure and prevent selective leaking of price sensitive information
*this image is generated using AI for illustrative purposes only.
Karamtara Engineering Limited Board of Directors approved and adopted the Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI). This action complies with Regulation 8(1) of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.
The Code establishes a framework to preserve the confidentiality of UPSI and prevent its misuse. It also facilitates fair disclosure on a non-discriminatory basis to enable accurate price discovery of the company's securities. The policy was intimated to BSE Limited and National Stock Exchange of India Limited on October 3, 2026.
Key provisions of the policy
The Code defines UPSI as information relating to the company or its securities that is not generally available but would materially affect market prices upon release. This includes financial results, dividends, capital structure changes, mergers, acquisitions, and changes in key managerial personnel.
Employees and directors are prohibited from discussing or disclosing UPSI in public places or online forums. Sharing of such information is permitted only on a 'need-to-know' basis for legitimate purposes, such as performance of duties or discharge of legal obligations. All recipients must be recorded in a Structured Digital Database (SDD).
Structured digital database requirements
The Board is mandated to maintain an SDD containing:
- Nature of the UPSI shared
- Names of persons who shared the information
- Names of recipients, including their PAN or other identifiers
The SDD must not be outsourced and requires internal controls like time stamping and audit trails. Records must be preserved for at least eight years after transaction completion or until the conclusion of any investigation proceedings.
Fair disclosure principles
The company committed to making prompt public disclosures once credible information emerges. Selective disclosure is strictly avoided. Any inadvertent leakage must be immediately disclosed to make the information generally available. The Chief Investor Relation Officer (CIRO), designated as the Company Secretary, oversees dissemination and ensures compliance with the Insider Trading Code.
Analysts and research personnel may not receive UPSI during investor relations conferences. The company will publish transcripts of such meetings on its website to ensure official documentation of disclosures. The policy remains subject to review by the Board, with applicable law prevailing in case of conflict.
Historical Stock Returns for Karamtara Engineering
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.95% | +13.54% | +61.79% | +61.79% | +61.79% | +61.79% |
How will the mandatory Structured Digital Database impact Karamtara Engineering's operational compliance costs and administrative burden?
What specific internal control mechanisms is the company implementing to ensure the SDD remains unoutsourced and audit-ready for eight years?
Will the requirement to publish transcripts of investor relations conferences alter the frequency or nature of future analyst engagements?
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