Central Bank of India has notified the stock exchanges about amendments to its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI) pursuant to Regulation 8(2) of SEBI (Prohibition of Insider Trading) Regulation 2015. The notification was issued by Company Secretary and Compliance Officer Chandrakant Bhagwat on April 2, 2026.

Regulatory Framework and Compliance

The amended code is based on the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, as modified by the SEBI (Prohibition of Insider Trading) (Amendment) Regulations, 2025. As a listed banking entity constituted under the Banking Companies (Acquisition & Transfer of Undertakings) Act 1970, Central Bank of India must comply with SEBI regulations governing insider trading prevention.

Designated Persons and Applicability

The code applies to designated persons and their immediate relatives, connected persons, and insiders. The designated persons include:

• All Directors on the Board of the Bank
• All General Managers and Functional In-charges in Head Office & All Zonal Heads
• All Deputy General Managers of the Bank
• Employees in MD & CEO Secretariat, EDs' Secretariats & Board Secretariat
• Staff in Finance & Accounts, Central Audit & Inspection, Investors Relations, Risk Management, Integrated Treasury, and Planning departments

Trading Window and Restrictions

The updated code establishes specific trading window provisions:

Communication and Procurement Guidelines

The code mandates that UPSI shall be handled on a "need to know" basis, with insiders required to maintain confidentiality. Chinese Wall procedures separate inside areas with access to confidential information from public areas. The Board of Directors must maintain a structured digital database containing names of persons with whom UPSI is shared, preserved for at least eight years after transaction completion.

Reporting and Disclosure Requirements

Designated persons must make initial disclosures within seven days of appointment and continual disclosures within two trading days of transactions exceeding ten lakh rupees in traded value per calendar quarter. The Compliance Officer submits annual compliance reports to the Audit Committee and notifies stock exchanges of any contraventions.

Penalties and Enforcement

Violations may result in disciplinary action including wage freeze, suspension, or ineligibility for employee stock option plans. SEBI penalties for insider trading range from ten lakh rupees to twenty-five crore rupees or three times the profits made, whichever is higher.

The complete amended code is available on the bank's investor relations website and includes detailed forms for disclosure, pre-clearance applications, and trading plan submissions.

Central Bank of India has submitted its mandatory disclosure under SEBI regulations regarding promoter shareholding as on March 31, 2026. The bank informed stock exchanges that the President of India, acting as the promoter, maintains a substantial majority stake in the institution.

Promoter Shareholding Details

The disclosure reveals the government's significant ownership position in the public sector bank:

Regulatory Compliance

The bank has fulfilled its obligations under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, specifically Regulation 31(4) and 31(5). As part of this compliance, Central Bank of India confirmed that the promoter, along with persons acting in concert, has not created any encumbrances on the shareholding during the financial year 2025-26.

Communication to Stock Exchanges

The disclosure was formally communicated to both major stock exchanges on April 2, 2026. The notification was signed by Chandrakant Bhagwat, Company Secretary and Compliance Officer, ensuring proper authorization and documentation of the regulatory submission.

This disclosure maintains transparency regarding the ownership structure of Central Bank of India and demonstrates the continued substantial government ownership in the public sector banking institution.