Baid Finserv Announces Closure of Trading Window for Insider Trading Compliance

Team Finance Saathi

    26/Dec/2024

What's covered under the Article:

  1. Baid Finserv announces closure of the trading window from January 1, 2025.
  2. Closure is in line with SEBI’s PIT Regulations and the company’s Code of Conduct.
  3. The Board meeting date for the financial results announcement will be shared later.

In compliance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 (PIT Regulations), Baid Finserv Limited has announced the closure of its trading window for all Directors, Key Management Personnel (KMP), Designated Persons, and Connected Persons of the company. The trading window closure is effective from January 1, 2025, and will remain closed until 48 hours after the declaration of the company’s un-audited financial results for the quarter and nine months ending December 31, 2024.

This move aligns with the company’s ongoing commitment to adhere to the highest standards of corporate governance and compliance with the Securities and Exchange Board of India (SEBI) regulations. The PIT Regulations are designed to prevent insider trading and ensure that all stakeholders have equal access to material, non-public information that may affect the stock’s performance.

The trading window closure is a standard procedure ahead of the financial results announcement, ensuring that no insider trading takes place during periods when the company’s un-audited financial results are likely to be discussed. It is a preventive measure to ensure that key individuals with access to sensitive, material information do not trade in the company's securities until the information is made publicly available.

The specific date of the Board meeting for the approval of the financial results will be communicated to the Stock Exchanges at a later time. This allows investors and stakeholders to plan their activities and trade accordingly once the results are publicly disclosed.

The company's Code of Conduct for Prohibition of Insider Trading further enforces these regulations, which are a fundamental part of maintaining a transparent, fair, and ethical trading environment. Baid Finserv Limited’s proactive steps in this direction show its commitment to regulatory compliance and investor confidence.

Investors and other stakeholders are advised to refrain from trading in the company’s shares during the closure period to ensure compliance with the insider trading regulations. Once the trading window reopens, it will be after the financial results declaration and public dissemination, ensuring fair and informed trading for all investors.

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