TCC Concept amends code for fair disclosure of UPSI
TCC Concept Limited approved an amended Code of Practices for Fair Disclosure of UPSI on May 22, 2026. The code ensures timely and uniform disclosure of material information to prevent selective disclosure. It defines UPSI, outlines principles for fair disclosure, and mandates the maintenance of a digital database of information recipients.
*this image is generated using AI for illustrative purposes only.
TCC Concept Limited has approved an amended Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI). The Board of Directors approved the policy at its meeting held on May 22, 2026, pursuant to Regulation 8(2) of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.
The objective of the code is to establish a framework for fair disclosure of UPSI and to promote transparency, integrity, and compliance with applicable securities laws. It ensures that information which may materially affect the price of securities is communicated in a prompt, consistent, and non-discriminatory manner. The policy is accessible on the company's website.
Definitions and Scope
The code defines Unpublished Price Sensitive Information (UPSI) as any information relating to the company or its securities that is not generally available and is likely to materially affect the price of securities. This includes, but is not restricted to, financial results, dividends, changes in capital structure, mergers, and changes in key managerial personnel.
Principles of Fair Disclosure
The company has outlined several principles to govern the disclosure of UPSI:
- Prompt public disclosure of UPSI to impact price discovery.
- Uniform and universal dissemination to avoid selective disclosure.
- The Compliance Officer will act as the Chief Investor Relations Officer (CIRO).
- Prompt dissemination of UPSI disclosed selectively or inadvertently.
- Appropriate response to queries on market rumors.
Sharing and Maintenance of UPSI
UPSI may be shared only for legitimate purposes on a need-to-know basis with authorized persons such as partners, lenders, or legal advisors. The CIRO is responsible for maintaining a structured digital database of recipients, which must include details such as the recipient's name, organization, address, email, and Permanent Account Number (PAN). The database must include adequate internal controls like time stamping and audit trails to prevent tampering.
The Board of Directors retains the authority to review and amend the code from time to time to ensure compliance with evolving statutory regulations.
Historical Stock Returns for TCC Concept
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.13% | +4.43% | -2.78% | -16.40% | -16.40% | -16.40% |
How might TCC Concept Limited's enhanced UPSI disclosure framework influence investor confidence and trading volumes in its securities over the coming quarters?
What technological infrastructure investments will TCC Concept Limited need to make to maintain a tamper-proof digital database with adequate audit trails as required by the new code?
Could SEBI's evolving insider trading regulations prompt further amendments to TCC Concept Limited's code, and what emerging compliance challenges might the company face?
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