NewsStocksMeesho Limited Adopts Code for Fair Disclosure of Unpublished Price Sensitive InformationMeesho Limited Adopts Code for Fair Disclosure of Unpublished Price Sensitive Information
Meesho Limited has adopted a comprehensive Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information in compliance with SEBI regulations. The code establishes clear guidelines for transparent information disclosure, designates specific officers for oversight responsibilities, and implements measures to prevent insider trading while ensuring equal access to material information for all stakeholders.
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Meesho Limited has formally communicated to stock exchanges BSE and NSE regarding the adoption of its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI), as mandated under SEBI regulations. The notification, dated December 10, 2025, was signed by Company Secretary and Compliance Officer Rahul Bhardwaj.
Regulatory Compliance Framework
The code has been developed in accordance with Regulation 8(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. As per regulatory requirements, every listed company must frame such a code to ensure adherence to principles of fairness, transparency, and accountability while managing disclosure of price-sensitive information to the public.
The company emphasizes its commitment to timely, consistent, and fair disclosure of all material information, providing equal access to information for all stakeholders including investors, analysts, and the general public.
Key Objectives and Principles
The code establishes several core objectives designed to maintain market integrity:
| Objective: | Description |
|---|---|
| Fair Disclosure: | Define procedures for transparent disclosure of UPSI |
| Prevent Misuse: | Ensure compliance with SEBI insider trading regulations |
| Promote Transparency: | Guarantee equal access to material information |
| Eliminate Selective Disclosure: | Prevent preferential information sharing |
The framework operates on fundamental principles including prompt disclosure, uniform and timely information sharing, authorized disclosure protocols, and strict confidentiality maintenance of UPSI until public release.
Designated Officers and Responsibilities
Meesho Limited has appointed specific officers to implement and manage fair disclosure processes:
Chief Financial Officer (CFO): Responsible for overseeing fair and timely disclosure of financial information, earnings, and material financial events while ensuring regulatory compliance.
Compliance Officer: Tasked with implementing the code, overseeing disclosure processes, monitoring SEBI regulation compliance, and ensuring transparent UPSI disclosure to the public.
Chief Executive Officer (CEO): Oversees the overall process and ensures no selective UPSI disclosure occurs within the company, taking action to ensure prompt disclosure in compliance with regulations.
Chief Investor Relations Officer (CIRO): The CFO or other nominated senior official serves as CIRO, responsible for information dissemination, UPSI disclosure, and responding to queries on news reports and market rumor verification requests from regulatory authorities.
Authorized Communication Channels
The code establishes specific authorized spokespersons who can discuss company matters with media and investment community:
- Chairman, Managing Director/CEO
- Whole-time Director/Chief Technology Officer
- Chief Financial Officer
- Company Secretary and Compliance Officer
- Head of Public Policy/Government Affairs
- Head of PR/Communications
Information Disclosure Methods
The company will utilize multiple channels for UPSI disclosure including stock exchange filings, press releases, official website publications, investor relations sections, and publicly accessible webcasts and webinars. This multi-channel approach ensures wide distribution and equal access to material information.
Prevention and Compliance Measures
Meesho Limited has implemented comprehensive measures to prevent UPSI misuse, including maintenance of a Structured Digital Database (SDD) containing recipient details for legitimate purpose sharing. The database includes timestamping and audit trails with preservation requirements of at least eight years after transaction completion.
The code also mandates periodic training sessions for employees and insiders on confidentiality importance and UPSI misuse consequences, ensuring organization-wide awareness and compliance with regulatory requirements.
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