Chemfab Alkalis Strengthens Insider Trading Regulations with Updated Code of Conduct
Chemfab Alkalis Limited has updated its insider trading regulations by amending two key policies: the Code of Conduct for trading by designated persons and the Code for Fair Disclosure of Unpublished Price Sensitive Information. Key changes include expanded scope of application, stricter trading window restrictions, pre-clearance requirements for larger transactions, mandatory disclosures, and specific disciplinary actions for violations. A Compliance Officer has been appointed to oversee implementation and reporting.

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Chemfab Alkalis Limited , a prominent player in the chemical industry, has taken steps to enhance its corporate governance practices by updating its insider trading regulations. The company's Board of Directors has approved amendments to two crucial policies: the Code of Conduct to regulate, monitor, and report trading by designated persons, and the Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI).
Key Changes in the Updated Code
The revised code introduces several important modifications:
Scope of Application: The policy now applies to all employees and connected persons who have access to unpublished price sensitive information.
Trading Window Restrictions: The code implements stricter controls on when designated persons can trade in the company's securities.
Pre-clearance Requirements: Transactions exceeding Rs. 10.00 lakhs or 10,000 shares per quarter now require pre-clearance.
Mandatory Disclosures: Designated persons are required to make more comprehensive disclosures about their trading activities.
Disciplinary Actions: The code outlines specific consequences for violations, including potential profit recovery and termination.
Implications for Stakeholders
These amendments reflect Chemfab Alkalis' commitment to maintaining high standards of corporate governance and transparency. The updated code aims to prevent insider trading and ensure fair disclosure practices, which are crucial for maintaining investor confidence and market integrity.
Compliance and Reporting
The company has appointed a Compliance Officer to oversee the implementation of these new regulations. This officer will be responsible for:
- Monitoring adherence to the rules
 - Pre-clearing trades
 - Maintaining records of all declarations and disclosures
 - Placing reports before the Chairman of the Audit Committee on a quarterly basis
 
Conclusion
By strengthening its insider trading regulations, Chemfab Alkalis Limited demonstrates its dedication to ethical business practices and shareholder protection. These measures are expected to enhance the company's reputation and potentially contribute to long-term value creation for all stakeholders.
Investors and employees of Chemfab Alkalis should familiarize themselves with these new regulations to ensure compliance and avoid any unintentional violations.
Historical Stock Returns for Chemfab Alkalis
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years | 
|---|---|---|---|---|---|
| -1.52% | -4.12% | -6.08% | -26.87% | -47.66% | +370.84% | 































