Triveni Power Transmission submits UPSI fair disclosure code to exchanges

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Reviewed by
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Key Highlights
  • Triveni Power Transmission Limited filed its Code of Practices and Procedures for Fair Disclosure of UPSI with stock exchanges on October 12, 2026
  • The submission was made under Regulation 8(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015
  • The code designates the Chief Executive Officer - Business, Chief Financial Officer, and Head - Investor Relations as Chief Investor Relations Officers
  • UPSI shared with third parties must be governed by confidentiality and non-disclosure agreements, with details logged in a structured digital database
  • The code and any future amendments are to be published on the company's official website and intimated to the relevant stock exchanges
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Triveni Power Transmission Limited has submitted its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI) to stock exchanges, in compliance with Regulation 8(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

The intimation, signed by Company Secretary Rakesh Kumar Yadav, was filed on October 12, 2026. The code is also available on the company's official website.

Key principles of the fair disclosure code

The code outlines a structured framework governing how UPSI is identified, handled, and disclosed. The following table summarises the core principles:

Principle Details
Prompt public disclosure UPSI likely to affect price discovery shall be disclosed as soon as it becomes credible and concrete
Uniform dissemination UPSI to be shared in a uniform and universal manner to prevent selective disclosure
Chief Investor Relations Officers Chief Executive Officer - Business; Chief Financial Officer; Head - Investor Relations
Selective inadvertent disclosure Prompt dissemination required if UPSI is disclosed selectively or inadvertently
Analyst and media meetings No UPSI to be shared with analysts or research personnel; authorised representatives must be present
Regulatory queries Appropriate and fair responses to be given to queries on news reports and market rumour verifications
Record maintenance Transcripts of analyst meetings and investor relations conferences to be maintained on the official website
Need-to-know basis All UPSI to be handled strictly on a need-to-know basis

Sharing of UPSI with third parties

The code sets out specific conditions under which UPSI may be shared with external parties. Key provisions include:

  • UPSI may be shared with third parties such as lenders, customers, suppliers, merchant bankers, legal advisors, auditors, or other counterparties only when necessary for legitimate purposes and in proper discharge of responsibilities.
  • Parties receiving UPSI must execute confidentiality and non-disclosure agreements, and are prohibited from trading in the company's securities while in possession of such information.
  • The company is required to maintain a structured digital database recording details of every person or entity with whom UPSI is shared.
  • Sharing of UPSI in the ordinary course of business with partners, collaborators, insolvency professionals, or other advisors is permitted, provided it is not carried out to evade or circumvent the prohibitions under the SEBI PIT Regulations.

Publication and governance

The code, along with any amendments, is required to be published on the company's official website and promptly intimated to the stock exchanges where its securities are listed. The Board of Directors retains the authority to lay down further principles, rules, and procedures to ensure fair disclosure of UPSI.

How will the implementation of the structured digital database for UPSI sharing impact Triveni Power Transmission's operational compliance costs and audit readiness?

What specific mechanisms will the designated Chief Investor Relations Officers employ to prevent inadvertent selective disclosure during upcoming analyst interactions?

Could this enhanced disclosure framework influence institutional investor confidence and valuation multiples for Triveni Power Transmission relative to sector peers?

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