Maris Spinners Limited (MSL), a leading textile company, has notified the Bombay Stock Exchange (BSE) about the closure of its trading window in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015 and its amendments in 2018.

Trading Window Closure Details

As per the company's Internal Code of Conduct for Prevention of Insider Trading, the trading window will be closed from 1st April 2025 and will remain closed until 48 hours after the announcement of the quarterly and annual financial results for the period ended 31st March 2025.

Compliance with Insider Trading Regulations

The trading window closure is implemented to ensure compliance with SEBI’s Prohibition of Insider Trading Regulations, which aim to prevent misuse of unpublished price-sensitive information (UPSI) by insiders. During the closure period, designated persons, including directors and employees with access to confidential information, are prohibited from trading the company’s shares to maintain fairness and protect investor interests.

Key Information About the Closure

• Trading Window Closure Start Date: 1st April 2025

• Closure Duration: Until 48 hours after the declaration of quarterly and annual financial results

• Purpose: To prevent insider trading and ensure compliance with SEBI guidelines

Communication to Designated Persons

The company has informed all designated persons, including directors, about the window closure period, emphasizing that no trading in the company’s securities is permitted during this period. This step is critical in maintaining transparency and compliance with regulatory norms.

Financial Results Announcement Timeline

The financial results for the quarter and financial year ending 31st March 2025 are expected to be declared in the coming weeks. The exact date of the results announcement will be communicated separately, and the trading window will reopen 48 hours after the public disclosure of these results.

Regulatory Compliance and Company’s Commitment

Maris Spinners Limited has reiterated its commitment to adhering to SEBI regulations and ensuring that all corporate governance protocols are followed diligently. This measure is essential to uphold market integrity and prevent the misuse of insider information.

Company’s Official Statement

In the official intimation signed by N Sridharan, Company Secretary and Compliance Officer, the company emphasized that this move is part of its ongoing efforts to maintain transparency and protect shareholder interests.

Conclusion

Maris Spinners Limited has taken this proactive measure to ensure compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and to safeguard investor confidence. The trading window closure will remain in effect until 48 hours after the declaration of the company’s quarterly and annual financial results.

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