Sharda Ispat Limited has announced the closure of its trading window ahead of the declaration of unaudited financial results for the third quarter and nine months ending December 31, 2025. The announcement, made on December 23, 2025, to the Bombay Stock Exchange, outlines the company's compliance measures under SEBI regulations for insider trading prevention.

Trading Window Closure Details

The trading window closure is implemented in accordance with the company's Code of Conduct for Regulating, Monitoring and Reporting of Trading by Insiders under the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. The closure period and scope are outlined below:

Regulatory Compliance Framework

The trading window closure represents standard corporate governance practice mandated under Regulation 33 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. This measure ensures that individuals with access to unpublished price-sensitive information are restricted from trading in the company's equity shares during the critical period surrounding financial results declaration.

The company has formally communicated this closure to the Bombay Stock Exchange to ensure proper dissemination of information to investors and market participants. This proactive approach demonstrates Sharda Ispat Limited's commitment to maintaining transparency and regulatory compliance in its market operations.

Corporate Communication

The announcement was signed by Amit B. Mundada, Company Secretary and Compliance Officer, emphasizing the company's structured approach to regulatory compliance. The formal communication to the stock exchange ensures that all stakeholders are adequately informed about the trading restrictions and the upcoming financial results declaration timeline.

Investors and market participants should note that normal trading activities will resume 48 hours after the company declares its unaudited financial results for the third quarter and nine months ending December 31, 2025, subject to standard market regulations and procedures.

Sharda Ispat Limited , a prominent player in the Indian steel industry, has announced an extension of its trading window closure and scheduled a board meeting to review financial results. This move aligns with regulatory requirements and corporate governance practices.

Trading Window Closure

The company has extended the closure of its trading window for equity shares until November 16. This closure affects:

• Directors
• Key Managerial Personnel (KMP)
• Other designated employees covered under the company's insider trading code

The trading window will reopen 48 hours after the conclusion of the upcoming board meeting.

Board Meeting Details

Timeline of Events

The company has taken these steps in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This practice aims to prevent insider trading and ensure fair market practices during sensitive periods when financial results are being finalized.

Shareholders and potential investors should note that trading activities by insiders will be restricted during this period. The market can anticipate the release of Sharda Ispat's financial results for the second quarter and first half of the fiscal year following the board meeting.

This announcement underscores Sharda Ispat's commitment to transparency and regulatory compliance in its operations. Investors and market watchers will be keenly awaiting the financial results to gauge the company's performance in the current economic climate.