On December 26, 2024, High Street Filatex Limited (Scrip Code: 531301) notified the BSE Limited about the closure of its trading window in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. This closure is applicable to the Directors, Key Management Personnel, Designated Persons, their immediate relatives, and Connected Persons of the company. The trading window will remain closed from January 1, 2025, until 48 hours after the declaration of the company's un-audited financial results for the quarter and nine months ending December 31, 2024.

Reason for the Trading Window Closure

The closure of the trading window is a precautionary measure to comply with insider trading regulations and ensure that the Directors and other designated persons do not engage in trading activities while in possession of unpublished price-sensitive information related to the company’s financial results. This measure aligns with the guidelines outlined in Clause 4 of Schedule B of the SEBI regulations, which aims to prevent insider trading.

Important Dates

• Trading Window Closure: From January 1, 2025.
• Reopening: The window will reopen 48 hours after the declaration of the un-audited financial results for the quarter and nine months ending December 31, 2024.
• Board Meeting: The exact date for the Board of Directors meeting to approve the financial results will be announced in due course.

SEBI Insider Trading Regulations

The company’s decision to close the trading window adheres to the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, which mandates that listed companies must close their trading windows for specified persons during the period when price-sensitive information is available, and financial results are being prepared. This practice ensures fairness and transparency in the securities market.

Call for Compliance and Governance

As a company committed to transparency, High Street Filatex continues to uphold the highest standards of corporate governance. The closure of the trading window is a reflection of the company’s adherence to compliance requirements and insider trading regulations. Directors, key management personnel, and their associates are reminded not to engage in the buying or selling of the company’s shares during this period.

For more updates on the company’s financial performance and future announcements, keep an eye on the company’s official website or the BSE portal for further notifications.

Conclusion

The closure of the trading window is a routine step taken to comply with insider trading regulations, ensuring that the company’s leadership operates within the framework set by SEBI. The company’s commitment to fair market practices and transparency will continue to benefit shareholders and stakeholders, promoting trust and confidence in the company’s governance practices.

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