Tarmat Limited, a prominent player in infrastructure, highways, railways, real estate, and airports, has announced the closure of its trading window in accordance with the company’s Insider Trading Regulation Code and as per the provisions of SEBI (Prohibition of Insider Trading) Regulations, 2015. The company has informed the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) about this development through an official communication dated March 25, 2025.

Trading Window Closure Details

The trading window closure will commence from April 1, 2025, and shall remain closed until 48 hours after the approval of the audited financial results of the company for the quarter and year ending on March 31, 2025. During this period, designated persons and connected persons are strictly prohibited from trading in the securities of the company.

Reason for Trading Window Closure

The trading window closure is a standard compliance measure aimed at preventing insider trading and ensuring that no price-sensitive information is misused during the period when the company’s financial results are being finalized. This measure is implemented in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, which mandates that companies restrict trading activities during periods of unpublished price-sensitive information.

Tarmat Limited is committed to maintaining high standards of corporate governance and ensuring that its regulatory obligations are met with due diligence. The closure period applies to all individuals who are considered insiders or designated persons, including company officials, promoters, and other connected persons who have access to unpublished price-sensitive information.

Board Meeting for Approval of Financial Results

The Board of Directors of Tarmat Limited will convene a meeting to consider and approve the audited financial results for the quarter and financial year ending on March 31, 2025. The exact date of the board meeting will be intimated separately in due course. Once the results are approved and communicated to the stock exchanges, the trading window will be reopened after 48 hours.

Implications for Designated Persons and Connected Persons

During the closure period, all designated persons and connected persons are advised to strictly refrain from trading or dealing in the company’s securities. Any non-compliance with this directive may attract penalties and legal consequences as prescribed under the SEBI regulations.

Designated persons include:

• Promoters and directors

• Key managerial personnel (KMPs)

• Employees with access to price-sensitive information

• Connected persons, including consultants, auditors, and advisors

Importance of Compliance with SEBI Regulations

Compliance with SEBI’s insider trading regulations is crucial to maintaining transparency and trust among stakeholders and investors. Tarmat Limited has consistently upheld corporate governance standards and ensures that all regulatory requirements are diligently followed. The trading window closure serves as an important mechanism to prevent unlawful trading activities and safeguard the integrity of the company’s financial information.

Communication with Stock Exchanges

The official communication regarding the trading window closure was addressed to:

• BSE Limited (Scrip Code: 532869), P J Towers, Dalal Street, Mumbai — 400001

• National Stock Exchange of India Limited (Scrip Code: TARMAT), Exchange Plaza, Bandra-Kurla Complex, Bandra (E), Mumbai — 400051

The communication was signed by Dilip Varghese, Managing Director of Tarmat Limited, underscoring the company’s commitment to adhering to SEBI’s guidelines and maintaining regulatory compliance.

Timeline of Trading Window Closure

1. Commencement Date: April 1, 2025

2. Closure Period: Until 48 hours after the audited financial results are approved

3. Reopening of Trading Window: Post 48 hours of board approval and exchange filing

Key Takeaways for Investors and Stakeholders

• Trading Restrictions: Investors and insiders are prohibited from trading in company securities during the closure period to prevent any potential misuse of price-sensitive information.

• Board Meeting Date Intimation: The exact date for the board meeting to approve the audited financial results will be communicated in due course.

• Reopening of Trading Window: The trading window will reopen only after 48 hours post-approval of financial results.

Commitment to Ethical Practices

Tarmat Limited remains dedicated to promoting ethical business practices and ensuring that its stakeholders are protected from any potential conflicts of interest. By adhering to SEBI’s insider trading regulations, the company demonstrates its commitment to safeguarding shareholder interests and maintaining a transparent corporate environment.

Conclusion

The closure of the trading window by Tarmat Limited from April 1, 2025, is a significant step to ensure compliance with SEBI’s insider trading regulations. The trading window will remain closed until 48 hours after the board meeting approves the audited financial results for the quarter and year ending March 31, 2025. All designated persons and connected individuals are advised to refrain from trading during this period to avoid any breach of regulations.

Tarmat Limited continues to uphold its commitment to corporate governance, transparency, and regulatory compliance, ensuring the protection of stakeholder interests and investor confidence.

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