Silverstorm Parks and Resorts Limited has made its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI) available to the public on its official website. The company issued the intimation on July 31, 2026, confirming that the document is accessible under the investor relations section at https://silverstorm.in/investor/ . This update ensures that stakeholders can review the framework governing the handling of sensitive information before it is made public.

Regulatory Compliance

The publication of the code is a mandatory requirement under Regulation 8(2) of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, commonly referred to as the SEBI PIT Regulations. The code itself was framed in accordance with Regulation 8(1) of the same regulations, which mandates listed entities to establish procedures for the fair disclosure of UPSI.

By placing the code on its website, Silverstorm Parks and Resorts Limited aims to maintain transparency and adhere to regulatory standards set by the market regulator. The intimation was submitted to BSE Limited, where the company is listed under Scrip Code 544840.

Key Details

Corporate Governance

The intimation was signed by Nagashruti Shivanand Lakkimarad, who serves as the Company Secretary and Compliance Officer for Silverstorm Parks and Resorts Limited. Her membership number with the Institute of Company Secretaries of India is A45681. The digital signature confirms the authenticity of the communication dated July 31, 2026.

This procedural update reflects the company's ongoing commitment to corporate governance and regulatory compliance. Investors and analysts can refer to the published code to understand the internal controls and procedures Silverstorm Parks and Resorts Limited employs to prevent insider trading and ensure equitable access to material information.

Silverstorm Parks and Resorts Limited has authorized its Key Managerial Personnel (KMPs) to determine the materiality of events or information for disclosure to stock exchanges. The company notified BSE Limited on July 31, 2026, that this authorization aligns with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the company’s internal Policy for Determination of Materiality of Events or Information. This procedural step ensures that significant corporate developments are evaluated consistently before public dissemination, maintaining transparency for investors while streamlining internal compliance workflows.

The authorization empowers specific executives to assess whether an event or piece of information warrants public disclosure based on its potential impact on the company’s securities price or investor decision-making. By delegating this authority to senior leadership, Silverstorm Parks aims to enhance the responsiveness and accuracy of its regulatory filings. The move reflects standard governance practices under Indian securities law, where listed entities must define clear protocols for identifying material information.

Three Key Managerial Personnel have been severally authorized to make these determinations. The individuals hold critical oversight roles within the organization, ensuring that financial, operational, and legal aspects of potential disclosures are adequately considered. Their collective expertise allows for a comprehensive evaluation of events ranging from financial results to strategic partnerships or litigation outcomes.

Shalimar Antharathara Ibrahim, the Managing Director, serves as the primary point of contact for compliance matters, with his email address and phone number provided in the filing. Ramachandran Komath, the Chief Financial Officer, brings financial expertise to the materiality assessment process, particularly for events impacting the company’s financial health. Nagashruti Shivanand Lakkimarad, the Company Secretary and Compliance Officer, ensures that all determinations adhere to statutory requirements and regulatory guidelines.

The notification was signed by Nagashruti Shivanand Lakkimarad, who holds Membership No. A45681 with the Institute of Company Secretaries of India. Her role as Compliance Officer underscores the importance of regulatory adherence in the company’s governance framework. The filing confirms that these authorizations are effective immediately and will guide the company’s disclosure practices moving forward.

Governance Implications

This authorization reinforces Silverstorm Parks’ commitment to robust corporate governance. By clearly defining who holds the authority to determine materiality, the company reduces ambiguity in its disclosure processes. Investors can expect timely and accurate information regarding significant corporate events, as decisions are made by experienced leaders with direct access to relevant data. The inclusion of both financial and legal experts in the decision-making team ensures a balanced approach to evaluating complex scenarios.

Regulatory Compliance

Regulation 30 of the SEBI LODR Regulations mandates that listed companies establish a policy for determining the materiality of events. Silverstorm Parks’ action demonstrates compliance with this requirement, ensuring that its internal controls meet regulatory standards. The explicit naming of authorized personnel provides clarity for both internal stakeholders and external regulators, facilitating smoother interactions during audits or inspections. This structured approach helps mitigate risks associated with delayed or inconsistent disclosures.