Lalithaa Jewellery Mart submits SEBI fair disclosure code to exchanges
- Lalithaa Jewellery Mart submitted its fair disclosure code to NSE and BSE on August 28, 2026
- The filing complies with Regulation 8(2) of the SEBI (PIT) Regulations, 2015
- The CFO is designated as the Chief Investor Relations Officer for information dissemination
- A digital database will track UPSI sharing for legitimate business purposes for eight years
*this image is generated using AI for illustrative purposes only.
Lalithaa Jewellery Mart Limited submitted its Code of Practices for Fair Disclosure of Unpublished Price Sensitive Information to Indian stock exchanges on August 28, 2026. The filing ensures compliance with regulatory norms regarding the handling and dissemination of sensitive corporate data.
The submission was made pursuant to Regulation 8(2) of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. The company notified both the National Stock Exchange of India Limited and BSE Limited of the policy adoption.
Regulatory Compliance Framework
The company formulated the code under Regulation 8(1) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The document outlines procedures to preserve the confidentiality of unpublished price sensitive information and prevent its misuse.
Key provisions include:
- Prompt public disclosure of information likely to materially affect security prices.
- Uniform dissemination of data to avoid selective disclosure to stakeholders.
- Designation of the Chief Financial Officer as the Chief Investor Relations Officer for managing information flow.
- Recording or transcription of meetings with analysts and investors for official documentation.
Legitimate Purpose Policy
The filing includes an annexure detailing the Policy for Determination of Legitimate Purposes, aligned with Regulation 3(2A) of the SEBI regulations. This policy defines conditions under which insiders may share unpublished price sensitive information in the ordinary course of business.
Permissible sharing includes communication with partners, lenders, auditors, legal advisors, and consultants. The company maintains a structured digital database to track such disclosures, preserving records for at least eight years after relevant transactions.
Governance and Oversight
The Board of Directors retains the authority to amend or replace the code in sync with applicable laws. Any changes require board approval and subsequent intimation to stock exchanges and the company website.
Jitendra Kumar Pal, Company Secretary and Compliance Officer, signed the intimation letter. The fair disclosure code itself became effective on February 17, 2024.
How might Lalithaa Jewellery Mart's strict adherence to SEBI's fair disclosure norms influence investor confidence and stock liquidity in the upcoming quarters?
Given the designation of the CFO as the Chief Investor Relations Officer, what changes can be expected in the company's communication strategy with analysts and institutional investors?
Will the implementation of the Legitimate Purpose Policy and digital tracking of disclosures lead to increased operational costs or administrative burdens for the company?
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