Southern Infoconsultants Limited has appointed Mr. D.K. Shrivastava as its Internal Auditor for the financial year 2026-27. The decision was taken during a Board meeting held on May 28, 2026, at the company's registered office. This appointment is effective immediately for the specified financial year.

The Board of Directors approved the appointment under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made in compliance with SEBI Circular no. CIR/CFD/CMD/4/2015 dated September 9, 2015. The company submitted the necessary details to the Bombay Stock Exchange Limited.

Mr. D.K. Shrivastava brings significant expertise to the role, with a profile highlighting good knowledge and vast experience in accounting and taxation. His appointment aims to strengthen the internal audit mechanisms of the company for the upcoming fiscal year.

Appointment Details

The intimation regarding this appointment was addressed to the Department of Corporate Service at the Bombay Stock Exchange Limited. The company confirmed that all required disclosures under the relevant regulations have been provided.

Southern Infoconsultants Limited has established a Code of Conduct to regulate, monitor, and report trading by designated persons and their immediate relatives, pursuant to Regulation 9(1) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The policy aims to prevent the misuse of Unpublished Price Sensitive Information (UPSI) and ensure compliance with regulatory standards. The code applies to all directors, employees, promoters, and connected persons who may have access to UPSI.

The framework defines designated persons broadly, including the Chief Executive Officer, employees up to two levels below the CEO, and support staff with access to sensitive information. It mandates that no insider shall communicate or provide UPSI to any person except for legitimate purposes or legal obligations. The Compliance Officer, responsible for monitoring adherence and maintaining records, is tasked with reporting insider transactions to the Board of Directors and the Audit Committee.

Designated persons are required to obtain pre-clearance from the Compliance Officer for trades exceeding ₹10 lakhs. Once approved, the trade must be executed within seven trading days, or fresh pre-clearance must be sought. The code also stipulates that a contra-trade cannot be executed for six months following a transaction, except in emergencies with written approval from the Compliance Officer. Profits from inadvertent contra-trades must be remitted to the Investor Protection and Education Fund.

Trading Window Restrictions

The code enforces strict trading window closures during periods involving material events. The window remains closed from the date the Board Meeting notice is submitted to the stock exchanges until 24 hours after the information is made public for events such as dividend declarations, issue of securities, and major expansion plans. For financial results, the window remains closed from the end of every quarter until 48 hours after the declaration of results.

Disclosure Requirements

Key Managerial Personnel, directors, and promoters must disclose their holdings within seven days of appointment. Additionally, any promoter, employee, or director must disclose the acquisition or disposal of securities within two trading days if the total traded value in a calendar quarter exceeds ₹10 lakhs. The Compliance Officer is required to notify the stock exchanges of these trades within two trading days of receiving the disclosure.

The code permits the formulation of Trading Plans, which must be approved by the Compliance Officer and disclosed to the stock exchanges. These plans cannot commence trading earlier than six months from public disclosure and must span a minimum of twelve months. The Board of Directors retains the authority to alter the code, subject to consistency with SEBI regulations, and may impose sanctions for non-compliance.