Kay Power and Paper Announces Trading Window Closure from April 1, 2025

Team Finance Saathi

    26/Mar/2025

What's covered under the Article:

  1. Kay Power and Paper's trading window closure starts April 1, 2025.

  2. Closure continues until 48 hours after FY25 financial results are declared.

  3. Board meeting date for approval of financial results to be announced soon.

Kay Power and Paper Limited (formerly Kay Pulp and Paper Mills Ltd.) has announced the closure of the trading window for dealing in the company’s securities from April 1, 2025, in compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015. The trading window will remain closed until 48 hours after the declaration and publication of the company’s audited financial results for the 4th quarter and financial year ending March 31, 2025.

The closure of the trading window is aimed at ensuring that insiders and designated persons do not engage in insider trading while in possession of unpublished price-sensitive information (UPSI), in line with the Company’s Code of Conduct and SEBI regulations.

Details of Trading Window Closure

  • The trading window will be closed starting April 1, 2025, and will remain closed until 48 hours after the declaration of audited financial results for the 4th quarter and financial year ending March 31, 2025.

  • All Designated Persons, including Directors, Key Managerial Personnel (KMPs), Promoters, and their immediate relatives, are prohibited from trading in the company’s securities during this period.

  • The date of the Board meeting for the consideration and approval of the audited financial results will be communicated to the stock exchange in due course.

Regulatory Compliance and Objective

The closure of the trading window is in accordance with the provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015, which aim to prevent the misuse of unpublished price-sensitive information (UPSI) and ensure fair trading practices. Kay Power and Paper Limited is committed to adhering to these regulations and maintaining the highest standards of corporate governance.

Key Guidelines During Trading Window Closure

  • Insiders, Designated Persons, and their immediate relatives are strictly prohibited from buying, selling, or dealing in the company’s securities during the closure period.

  • Violation of these guidelines may lead to severe regulatory action, including penalties and possible legal consequences under SEBI regulations.

  • The prohibition applies to all insiders who may have access to price-sensitive information before it is made public.

Board Meeting and Financial Results Announcement

The Board Meeting for the approval of the audited financial results for the 4th quarter and financial year ending March 31, 2025, will be held on a date that will be notified to the stock exchanges. Following the approval and publication of the financial results, the trading window will reopen 48 hours after the announcement.

Duration and End Date

  • The trading window closure begins on April 1, 2025, and extends until 48 hours after the declaration of the audited financial results for the quarter and year ending March 31, 2025.

  • The exact date of the Board Meeting for approving the results and the reopening of the trading window will be communicated in due course.

Compliance with SEBI Regulations

Kay Power and Paper Limited remains dedicated to complying with the provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015. These regulations are intended to ensure that no insider or designated person takes advantage of non-public information that could potentially affect the company’s stock price.

Obligation of Insiders and Designated Persons

  • Designated Persons, Insiders, and their immediate relatives are expected to fully comply with the provisions of the trading window closure and refrain from any trading activity until the window reopens.

  • Any non-compliance with these provisions will be subject to strict regulatory actions, including penalties and sanctions as per SEBI guidelines.

Communication and Intimation of Board Meeting Date

The exact date of the Board Meeting for considering and approving the financial results for the quarter and year ending March 31, 2025, will be communicated to the stock exchanges in due course. Once the results are declared and published, the trading window will reopen 48 hours thereafter.

Conclusion

The closure of the trading window by Kay Power and Paper Limited is a part of the company’s commitment to maintaining transparency and compliance with regulatory frameworks. The company is dedicated to ensuring that insider trading regulations are strictly followed, safeguarding the interests of its stakeholders and ensuring that all necessary disclosures are made in a fair and timely manner. Further updates on the Board Meeting and financial results declaration will be provided to the stock exchanges as per regulatory requirements.


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