Murudeshwar Ceramics Limited has announced the closure of its trading window for designated persons and their immediate relatives in accordance with the company’s Code of Conduct for Prevention of Insider Trading and the SEBI (Prohibition of Insider Trading) Regulations, 2015. The trading window will remain closed from April 1, 2025, and will be reopened 48 hours after the declaration of the audited financial results for the fourth quarter and financial year ending March 31, 2025.

Trading Window Closure Details

As per the official communication addressed to the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) on March 25, 2025, the trading window will remain closed for all designated persons, insiders, and their immediate relatives. During this period, trading in the securities of the company is strictly prohibited to prevent any instances of insider trading.

The company has taken this step to ensure compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, which mandates listed companies to close their trading window during sensitive periods, such as the period leading up to the announcement of financial results.

Key Provisions for Trading Window Closure:

• Duration of Closure: Trading window closure begins on April 1, 2025, and ends 48 hours after the declaration of the company's financial results for the quarter and year ending March 31, 2025.

• Persons Affected: Designated persons, connected persons, and their immediate relatives are prohibited from trading in company securities during this period.

• Resumption of Trading Window: Trading activities can resume only after the expiry of 48 hours post the public disclosure of the Q4 FY25 financial results.

Compliance with SEBI Guidelines

The decision to close the trading window aligns with the company’s commitment to maintain the highest standards of corporate governance and adhere to SEBI’s insider trading regulations. According to Regulation 9 of the SEBI (Prohibition of Insider Trading) Regulations, 2015, companies are required to formulate and implement a Code of Conduct to regulate, monitor, and report trading by designated persons and their immediate relatives.

By ensuring that no insider trades are executed during the period when financial results remain unpublished, the company aims to prevent any unfair advantage that may arise due to asymmetry of information.

Responsibilities of Designated Persons

Murudeshwar Ceramics Limited has reiterated its guidance to all designated persons and insiders, advising them to refrain from dealing or trading in the company’s securities during the period of trading window closure. Designated persons are also required to inform their immediate relatives about these restrictions to ensure complete compliance.

Timeline for Financial Results Declaration

The company will declare its audited financial results for the fourth quarter and financial year ending March 31, 2025, after the completion of the Board of Directors’ meeting, which will be scheduled separately. The trading window will resume 48 hours after the official announcement of the financial results to the stock exchanges.

Consequences of Non-Compliance

Non-compliance with the trading window closure may lead to penalties and legal action under the SEBI Act, 1992, and other applicable laws. Murudeshwar Ceramics is committed to ensuring that all connected persons strictly adhere to these guidelines to prevent any violations of insider trading regulations.

Disclosure to Stock Exchanges

In accordance with SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, Murudeshwar Ceramics has duly notified both NSE and BSE regarding the trading window closure. The disclosure has been made to ensure transparency and adherence to regulatory compliance, thereby safeguarding the interests of investors and stakeholders.

Conclusion

Murudeshwar Ceramics Limited remains fully committed to maintaining ethical practices and regulatory compliance. The closure of the trading window is an essential step toward ensuring that no unfair advantage is taken by any designated person or insider. Investors and stakeholders will be promptly informed once the company announces its Q4 FY25 financial results and reopens the trading window after the statutory 48-hour period.

By strictly adhering to SEBI’s regulations, Murudeshwar Ceramics continues to uphold its commitment to transparency, integrity, and good governance.

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