In a recent regulatory filing, Albert David Limited has announced the closure of its Trading Window for all designated persons, including insiders and their immediate relatives. The closure will take effect from Tuesday, 1st April 2025, as per the guidelines set by the Securities and Exchange Board of India (SEBI) under the Prohibition of Insider Trading Regulations, 2015. This move is in line with SEBI’s objective of ensuring that all unpublished price-sensitive information (UPSI) is kept confidential and that no insider trading takes place during critical financial disclosures.

Trading Window Closure Details

The closure of the trading window is a standard procedure followed by many companies to ensure that designated persons, who may have access to UPSI, do not engage in trading activities during the period when such sensitive information is not yet disclosed to the public. The company has specifically highlighted that all designated persons or insiders are prohibited from trading or dealing in the shares of the company during the trading window closure period. This includes their immediate relatives as well.

As a part of its compliance with SEBI’s regulations, the company has made it clear that the Trading Window will remain closed until 48 hours after the declaration of the Audited Financial Results for the financial year ended 31st March 2025. This gives stakeholders the assurance that no insider trading will take place before the financial results are made public, promoting transparency and fairness in the market.

Freezing of PAN for Designated Persons

In line with SEBI Circular No. SEBI/HO/ISD/ISD-PoD-2/P/CIR/2023/124 dated 19th July 2023, the company will also be implementing measures to freeze the Permanent Account Numbers (PANs) of its designated persons at the ISIN level through the Central Depository Services (India) Limited (CDSL). This move is aimed at ensuring that the designated persons cannot carry out any unauthorized trading activities during the closed window period.

Further Updates and Board Meeting

The company has also informed that the Board Meeting to consider the Audited Financial Results for the year ended 31st March 2025 will be scheduled in due course. The exact date for the meeting will be announced once finalized. Once the financial results are declared, the trading window will be opened again after the prescribed 48-hour period.

This move is part of Albert David Limited’s commitment to maintaining a high level of corporate governance and ensuring compliance with SEBI regulations. The company encourages all stakeholders to stay updated with the developments on its official website, 

Conclusion

The closure of the Trading Window is a standard regulatory requirement, and Albert David Limited is following all the necessary procedures to maintain compliance with SEBI regulations. By freezing the PANs of designated persons and adhering to the regulatory timelines, the company ensures that its insider trading policies are upheld. Shareholders and other stakeholders are encouraged to keep an eye out for further updates and the upcoming Board Meeting to review the company’s financial results for the year.

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