Mahindra EPC Irrigation Limited amended its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI) on October 15, 2026. The revision aligns the company’s internal protocols with Regulation 8(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

The Board of Directors adopted the amended Code during a meeting held on the same date. This update ensures consistent, transparent, and timely public disclosure of material information to prevent selective dissemination. The revised guidelines govern how the company handles price-sensitive data before it becomes generally available to the market.

Key provisions of the amended code

The updated framework mandates the designation of a Chief Investor Relations Officer (CIRO), typically the Company Secretary or a senior officer, to oversee disclosure processes. The CIRO is responsible for ensuring uniform dissemination of UPSI to stock exchanges, analysts, and media. Key operational directives include:

• Prompt Disclosure: UPSI impacting price discovery must be disclosed as soon as credible information exists.
• Rumor Verification: The company must confirm, deny, or clarify specific market rumors within 24 hours if they indicate impending material events.
• Analyst Interactions: Only publicly available information may be shared with analysts and institutional investors. Transcripts of investor meetings should be posted on the official website.
• Legitimate Purpose: Sharing UPSI with partners, lenders, or advisors is permitted only on a need-to-know basis, with strict confidentiality obligations.

Compliance and digital tracking

To enhance accountability, the company will maintain a structured digital database of all persons receiving UPSI under legitimate purposes. This database records names, PANs, and identifiers, preserving data for at least eight years after transaction completion or until enforcement proceedings conclude. Violations of the code are subject to disciplinary action and reporting to regulatory authorities.

The amended Code has been submitted to both stock exchanges and uploaded to the company’s website at www.mahindrairrigation.com for public access.

Mahindra EPC Irrigation Limited appointed Madhvendra Pratap Singh as an authorised Key Managerial Personnel (KMP) responsible for determining materiality of events and making disclosures to stock exchanges. This appointment aligns with Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Singh, who serves as the Company Secretary and Compliance Officer, has been added to the Disclosure Committee. The move ensures compliance with the company's policy for determining materiality of events or information. The updated list of authorised KMPs was submitted to both the National Stock Exchange of India Limited and BSE Limited on October 15, 2026.

Disclosure committee composition

The company disclosed the updated contact details for all Key Managerial Personnel authorised under Regulation 30(5). These individuals are tasked with evaluating the materiality of corporate events and ensuring timely regulatory filings.

Regulatory compliance framework

The intimation was filed pursuant to SEBI LODR Regulations, which mandate specific governance structures for handling material information. By designating multiple senior executives, including the MD, CEO, CFO, and CS, the company distributes the responsibility for assessing materiality across its top leadership.

This structure aims to mitigate single-point dependencies in decision-making regarding market-sensitive information. The disclosure notes that the updated details are also available on the company's official website for public reference.