Akash Infra-Projects Limited Announces Closure of Trading Window for Financial Results
Team Finance Saathi
28/Dec/2024
What's Covered in the Article:
- Trading window closure for Akash Infra-Projects starting January 1, 2025.
- The closure applies to promoters, directors, and senior personnel.
- Un-audited financial results to be declared for the quarter ending December 31, 2024.
In line with the Internal Code of Procedure and Conduct and the SEBI (Prohibition of Insider Trading) Regulations, 2015, Akash Infra-Projects Limited has announced the closure of its trading window for its promoters, directors, senior managerial personnel, and other designated persons. The trading window will remain closed from January 1, 2025, and will reopen 48 hours after the declaration of the company’s unaudited financial results for the quarter and the nine-month period ending on December 31, 2024.
This measure is in accordance with the company’s internal procedures for regulating and monitoring trading activities by insiders. The trading window closure is a standard practice adopted by public companies to ensure that insiders do not engage in trading based on any unpublished price-sensitive information before the official disclosure of financial results.
The Board meeting for approving the financial results will be convened at a later date, and the company will inform the stock exchange separately about the exact date. This is a common practice that ensures transparency and prevents insider trading in the run-up to the announcement of financial results.
Investors, shareholders, and other stakeholders are advised to take note of this trading window closure and refrain from trading in the company’s securities during this period. Akash Infra-Projects Limited remains committed to upholding high standards of corporate governance and regulatory compliance, as it continues to provide timely and accurate financial disclosures in accordance with the relevant laws and regulations.
This announcement is part of the company’s ongoing efforts to maintain a fair and transparent trading environment for all its stakeholders, while also adhering to the compliance requirements set by the Securities and Exchange Board of India (SEBI).