Cyber Media Research & Services Limited (CMRSL) has announced the closure of its trading window in compliance with the provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The trading window will be closed for designated persons and their immediate relatives from Tuesday, April 1, 2025, until 48 hours after the declaration of the company’s financial results for the quarter and year ending March 31, 2025.

Details of Trading Window Closure

The company’s Code of Conduct for Regulating, Monitoring, and Reporting Trading by Insiders mandates that designated persons and their immediate relatives are prohibited from trading in the securities of the company during sensitive periods when unpublished price-sensitive information (UPSI) may be available.

The trading window closure will be effective from April 1, 2025, and will remain closed until 48 hours after the financial results for the quarter and year ending March 31, 2025, are declared.

Objective of Trading Window Closure

The purpose of the trading window closure is to prevent insider trading by individuals who have access to sensitive financial information that could impact the company’s stock price. This period ensures that designated persons and their immediate relatives are restricted from taking advantage of price-sensitive information before it becomes publicly available.

Applicability of Trading Restrictions

The trading restrictions apply to the following categories of individuals:

• Directors and Key Managerial Personnel (KMPs)

• Promoters and Promoter Group Members

• Designated Persons identified under the company’s Code of Conduct

• Immediate Relatives of designated persons

During the period of trading window closure, these individuals are prohibited from:

• Buying, selling, or dealing in the company’s securities.

• Engaging in any trading activity involving the company’s shares.

Trading Window Closure Period

• Start Date: April 1, 2025

• End Date: 48 hours after the financial results for the quarter and year ending March 31, 2025, are declared.

Compliance with SEBI Guidelines

The trading window closure aligns with the requirements of the SEBI (Prohibition of Insider Trading) Regulations, 2015, which mandate companies to establish robust mechanisms to prevent insider trading by restricting trading activities of designated persons and insiders during critical financial reporting periods.

Importance of Adhering to Trading Window Guidelines

The closure of the trading window ensures that sensitive financial information is not misused by insiders for personal gain. This measure protects the integrity of the stock market and ensures that all investors have equal access to information once it becomes public.

Impact on Designated Persons and Insiders

The trading window closure restricts trading activities for:

• Employees and KMPs who have access to confidential financial data.

• Directors and Promoters involved in strategic decision-making.

• Immediate relatives of designated persons, who are also bound by the restrictions.

Duration and Reopening of Trading Window

The trading window will remain closed until 48 hours after the financial results for the quarter and year ending March 31, 2025, are made public. The exact date of the Board Meeting for the consideration and approval of the financial results will be announced separately.

Date of Board Meeting for Financial Results

The date of the Board Meeting for the declaration of the financial results for the quarter and year ending March 31, 2025, will be intimated later. The company will notify the stock exchanges once the date is finalized.

Key Dates to Remember

• Start of Trading Window Closure: April 1, 2025

• End of Trading Window Closure: 48 hours after financial results declaration

Purpose and Significance of Trading Window Closure

The trading window closure is a critical compliance measure to:

• Prevent insider trading by restricting the trading activities of designated persons.

• Maintain transparency and fairness in the financial markets.

• Protect the interests of public shareholders by ensuring that sensitive information is not exploited before its public disclosure.

Consequences of Non-Compliance

Failure to comply with the trading window closure guidelines may result in:

• Penal action under SEBI regulations.

• Disciplinary measures as per the company’s Code of Conduct.

• Legal liabilities for individuals involved in insider trading activities.

Reopening of Trading Window

The trading window will be reopened 48 hours after the financial results for the quarter and year ending March 31, 2025, are declared. A separate notice will be issued by the company regarding the reopening of the trading window.

Role of Code of Conduct in Preventing Insider Trading

Cyber Media Research & Services Limited has adopted a comprehensive Code of Conduct to regulate and monitor the trading activities of insiders. The Code of Conduct ensures that individuals with access to unpublished price-sensitive information (UPSI) do not engage in trading activities that could compromise market fairness.

Benefits of Adhering to Trading Window Norms

Following the trading window closure guidelines helps to:

• Strengthen corporate governance practices.

• Build trust and credibility with investors.

• Protect the company from legal and regulatory risks.

Conclusion

Cyber Media Research & Services Limited has announced the closure of its trading window from April 1, 2025, in accordance with the provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company’s Code of Conduct. The trading window will remain closed until 48 hours after the financial results for the quarter and year ending March 31, 2025, are declared. The Board Meeting date for the approval of the financial results will be intimated later. The reopening of the trading window will be announced after the financial results are declared.

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