Prima Innovation adopts insider trading prohibition code

1 min read Updated on 07 Aug 2026, 04:22 PM

Reviewed by

Shriram SScanX News Team

AI Summary

Prima Innovation Limited has adopted its Insider Trading Prohibition Code and Code of Conduct, effective August 07, 2026. The move complies with Regulation 8(2) of the SEBI PIT Regulations, 2015. The code covers monitoring of trading, inquiry procedures for leaks, fair disclosure, and determination of legitimate purposes. The document is accessible on the company's website as per Regulation 8(1).

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Prima Innovation Limited has adopted its Insider Trading Prohibition Code and Code of Conduct to regulate, monitor, and report trading in the company's securities. The Board of Directors formulated the code on August 07, 2026, ensuring compliance with Regulation 8(2) of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. This adoption establishes a formal framework for handling unpublished price-sensitive information and ensures fair disclosure practices for shareholders and market participants.

The comprehensive code includes specific policies and procedures designed to maintain market integrity. Key components of the adopted framework include the Code of Conduct to Regulate, Monitor and Report Trading in Securities, Policy & Procedures for Inquiry in case of leak of Unpublished Price Sensitive Information, Code of Practices & Procedures for Fair Disclosure of Unpublished Price Sensitive Information, and Policy for determination of "Legitimate Purpose".

Regulatory Compliance Details

The adoption aligns with the regulatory requirements set forth by SEBI. The company has submitted an intimation to BSE Limited pursuant to Regulation 8(2) of the SEBI PIT Regulations, 2015. The filing was signed by Hetal M. Panchal, Company Secretary and Compliance Officer of Prima Innovation Limited.

Regulatory Reference	Description
Regulation 8(2)	Intimation of formulation and adoption of code
Regulation 8(1)	Availability of code on company website
SEBI PIT Regulations	Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015

In compliance with Regulation 8(1) of the SEBI PIT Regulations, a copy of the said Code is available on the company's website at www.primainnovation.in . This ensures that investors and other stakeholders have access to the guidelines governing insider trading prohibitions within the organization.

How might the implementation of these strict insider trading controls impact Prima Innovation's ability to attract institutional investors concerned with corporate governance?

What specific training programs or compliance audits will Prima Innovation conduct to ensure all directors and employees adhere to the new Code of Conduct?

Could this enhanced regulatory framework serve as a precursor to other major corporate governance reforms or strategic announcements by Prima Innovation?