Panchmahal Steel Limited has announced the closure of its trading window starting 1st April 2025 in compliance with the SEBI (Prevention of Insider Trading) Regulations, 2015. This decision follows the BSE Circular dated 2nd April 2019 with Ref. No. LIST/COMP/01/2019-20 and Clause 4 & 5 of Schedule B of the SEBI Regulations. The company’s "Code of Internal Procedure and Conduct for Insider Trading" mandates that the trading window for designated persons and insiders remains closed during critical periods when sensitive information related to financial results is being processed and finalized.

The trading window closure is intended to prevent any insider trading or misuse of unpublished price-sensitive information (UPSI) by insiders, ensuring transparency and fairness in the securities market. Designated persons, including directors, key managerial personnel, and other insiders, will be restricted from dealing in the equity shares of the company during this period. The window will remain closed until 48 hours after the announcement of the audited financial results for the quarter and financial year ending 31st March 2025.

Compliance with SEBI Guidelines

As per Clause 4 of Schedule B of SEBI Regulations, no insider shall trade in the company’s shares while in possession of unpublished price-sensitive information. To ensure compliance with SEBI’s guidelines, Panchmahal Steel has initiated the trading window closure to safeguard the integrity of its financial disclosures and prevent any speculative trading based on insider information.

Timing of Trading Window Closure

The trading window closure period will commence from 1st April 2025 and will remain in effect until 48 hours after the audited financial results for the quarter and financial year ending 31st March 2025 are made public. This means that insiders will not be able to deal in the company’s securities until the market has had sufficient time to absorb the disclosed financial results.

Intimation of Board Meeting Date

The company has further clarified that the exact date of the Board Meeting to approve and consider the audited financial results for Q4 FY25 will be intimated separately. The company follows best practices to ensure timely disclosure of all relevant information to its stakeholders and the stock exchanges.

Impact on Shareholders and Investors

Panchmahal Steel shareholders and investors should note that this trading window closure is a routine compliance measure to uphold the principles of transparency and fairness. During this period, no designated person or insider will be allowed to trade in the shares of Panchmahal Steel Limited, thus preventing any potential misuse of sensitive information.

Previous Instances and Compliance

Panchmahal Steel has consistently complied with SEBI’s insider trading regulations and has maintained strict controls over trading windows during crucial financial disclosure periods. The company's adherence to these regulations reflects its commitment to ensuring ethical business practices and compliance with applicable laws.

Implications of Trading Window Closure

This trading window closure ensures that material information regarding the company’s financial performance is disseminated to the public simultaneously, reducing the likelihood of any asymmetric information advantages. All stakeholders, including investors and market participants, will have equal access to price-sensitive information after the audited financial results are published.

Next Steps for Stakeholders

Stakeholders and investors should remain attentive to the forthcoming Board Meeting date announcement. The financial results for Q4 FY25 will play a pivotal role in determining the company’s future trajectory and could potentially impact stock prices. Interested parties should track official notifications from the company and stock exchanges for further updates.

Conclusion

In conclusion, Panchmahal Steel Limited has initiated a trading window closure from 1st April 2025, in adherence to SEBI’s guidelines on insider trading regulations. This step ensures fairness, transparency, and compliance with established norms, preventing any possibility of insider trading. The Board Meeting date for considering the audited financial results of Q4 FY25 will be announced separately, and trading will resume 48 hours after the financial results are made public. Investors and stakeholders should stay informed about future disclosures to remain aligned with the company’s updates.

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