Reliance Chemotex amends fair disclosure code under SEBI norms
Reliance Chemotex Industries Ltd has amended its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI) to comply with SEBI (Prohibition of Insider Trading) Regulations, 2015. The board approved the updated code on May 29, 2026, mandating prompt disclosure to stock exchanges and universal dissemination to prevent selective disclosure. The policy designates the Company Secretary & Compliance Officer as the Chief Investor Relation Officer and requires maintaining a structured digital database for tracking UPSI shared for legitimate purposes.

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Reliance Chemotex Industries Ltd has approved an amended Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI) to strengthen compliance with SEBI regulations. The board approved the updated code at its meeting held on May 29, 2026, pursuant to Regulation 8(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The amendment ensures that the company maintains uniformity, transparency, and fairness in its dealings with all stakeholders while preventing the misuse of sensitive information.
The revised code mandates that the company ensure prompt disclosure of UPSI to the stock exchanges where its securities are listed. It emphasizes that information must be universally disseminated to avoid selective disclosure, and once submitted to the exchange, the information is deemed generally available and no longer treated as UPSI. The Company Secretary & Compliance Officer serves as the Chief Investor Relation Officer responsible for the dissemination of information and handling UPSI disclosures.
Principles of Fair Disclosure
The code outlines specific principles to prevent insider trading and ensure market integrity. Key measures include:
- Prompt dissemination of any UPSI disclosed selectively or inadvertently.
- Providing fair responses to queries on news reports and market rumors from regulatory authorities.
- Ensuring information shared with analysts and research personnel is not UPSI.
- Maintaining transcripts or records of proceedings from analyst meetings on the official website.
The company is required to handle all UPSI on a "need to know" basis only. A structured digital database will be maintained to record details of individuals or entities with whom UPSI is shared for legitimate purposes, including their Permanent Account Number or other legal identifiers. This database will feature internal controls such as time stamping to prevent tampering.
Version Control
The following table details the approval history of the code:
| Sl. No. | Approving Authority | Date of Approval / Amendment |
|---|---|---|
| 1. | Board of Directors | 09 February 2019 |
| 2. | Board of Directors | 09 February 2023 |
| 3. | Board of Directors | 29 May 2026 |
The policy defines "legitimate purpose" for sharing UPSI as interactions with partners, collaborators, lenders, or advisors in the ordinary course of business, provided it is not intended to circumvent regulations. Any person receiving UPSI for a legitimate purpose is considered an "Insider" and must be bound by non-disclosure agreements outlining their duties and liabilities.
Historical Stock Returns for Reliance Chemotex
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.37% | -0.77% | +5.36% | -19.77% | -33.07% | -46.65% |
How will the implementation of the structured digital database impact the company's operational efficiency and compliance costs?
What specific internal training programs will be introduced to ensure employees understand the updated UPSI protocols?
Could the stricter disclosure rules affect the company's engagement with analysts and investors during earnings seasons?


































