Howard Hotels Limited has officially informed the Bombay Stock Exchange (BSE) about the closure of its trading window for dealing in securities from April 1, 2025, until the completion of 48 hours after the declaration of the company's audited financial results for the quarter and year ending March 31, 2025.

This move is in compliance with the Securities and Exchange Board of India (SEBI) (Prohibition of Insider Trading) Regulations, 2015 and subsequent amendments. It also adheres to the BSE Circular No. LIST/COMP/01/2019-20 dated April 2, 2019, which mandates strict guidelines to prevent insider trading and protect market integrity.

Applicability of Trading Window Closure

As per the intimation, the trading window closure applies to all designated persons and insiders defined under the company's Insider Trading Code. This includes:

• Promoters, Directors, and Key Managerial Personnel (KMPs)

• Employees with access to unpublished price-sensitive information (UPSI)

• Immediate relatives of designated persons

During this period, no trading in the securities of the company will be permitted, ensuring that no insider trading occurs based on unpublished financial data.

Board Meeting Date Yet to be Announced

Howard Hotels Ltd has further stated that the date of the Board Meeting for the approval and declaration of the audited financial results for the quarter and financial year ending March 31, 2025, will be announced separately in due course. The financial performance of the company during this period will be crucial in determining future growth strategies and investor sentiment.

SEBI Guidelines and Compliance

The trading window closure is aligned with the SEBI (Prohibition of Insider Trading) Regulations, 2015, which aims to:

• Prohibit trading by insiders who have access to unpublished price-sensitive information (UPSI).

• Ensure fair practices in the stock market by preventing insider trading.

• Protect the interests of investors by maintaining transparency in financial disclosures.

As part of compliance, Howard Hotels Ltd has reiterated its commitment to upholding the highest standards of corporate governance and transparency.

Impact on Designated Persons and Insiders

The trading window closure is a preventive measure that restricts trading by designated persons and insiders during sensitive financial periods. It ensures that individuals with access to confidential financial information do not engage in unfair trading practices.

Key Points from the Announcement:

• Effective Period: Trading window to remain closed from April 1, 2025, till 48 hours post declaration of financial results.

• Restricted Trading: Designated persons and insiders are prohibited from trading in company securities during this period.

• Board Meeting Intimation: The exact date of the Board Meeting to discuss and approve the financial results will be notified later.

Compliance with Insider Trading Code

The company has emphasized that its Insider Trading Code is in strict alignment with SEBI’s regulations and amendments. It has urged all designated persons, insiders, and their immediate relatives to strictly adhere to these guidelines to avoid any regulatory violations.

Expected Timeline for Financial Results

Based on historical timelines, it is expected that the audited financial results for the quarter and year ending March 31, 2025, will be declared within the prescribed regulatory period. The results will be closely monitored by investors and market participants as they provide insights into the company’s performance and future prospects.

Future Announcements and Updates

Howard Hotels Ltd has assured that all relevant information and disclosures regarding the Board Meeting, financial results, and trading window status will be communicated to the BSE and public investors in a timely manner.

Conclusion

The closure of the trading window by Howard Hotels Ltd is a proactive step to ensure compliance with SEBI regulations and maintain fairness in the securities market. This move underscores the company’s commitment to transparency, accountability, and adherence to corporate governance norms.

As the company prepares to announce its audited financial results for the quarter and year ending March 31, 2025, investors and stakeholders will closely watch for any updates that might impact the company’s growth trajectory and market performance.

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The Current active IPO are Rapid Fleet Management Services, Active Infrastructures Limited,Grand Continental Hotels.

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