Nath Industries Announces Closure of Trading Window
Team Finance Saathi
25/Mar/2025
What's covered under the Article:
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Nath Industries to close trading window from April 1, 2025, for insiders.
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Closure to continue until 48 hours post audited results declaration.
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Board meeting date for financial results to be communicated separately.
Nath Industries Limited (formerly known as Rama Pulp and Papers Limited) has notified the closure of its trading window for all Designated Persons and their Immediate Relatives, starting from April 1, 2025, in compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015 and the Company’s Code of Conduct for regulating, monitoring, and reporting trading by insiders.
Trading Window Closure Details
As per the intimation submitted to BSE Limited (BSE Code: 502587) on March 24, 2025, the trading window closure will commence on April 1, 2025, and will remain in effect until 48 hours after the declaration of the audited financial results for the quarter and financial year ending March 31, 2025.
The Board Meeting date for the approval and declaration of the audited financial results for the said period will be communicated separately.
Regulatory Compliance and Insider Trading Regulations
The decision to close the trading window is in accordance with:
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SEBI (Prohibition of Insider Trading) Regulations, 2015, which mandates listed companies to implement appropriate restrictions to prevent insider trading.
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The Company’s Code of Conduct for Regulating, Monitoring, and Reporting of Trading by Insiders (The Code), which aims to ensure transparency and fairness in trading activities undertaken by designated persons and their immediate relatives.
Applicability of Trading Window Closure
The trading window closure applies to:
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Designated Persons: Employees, senior management, and other insiders who have access to unpublished price-sensitive information (UPSI).
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Immediate Relatives: Family members or individuals who are financially dependent on designated persons or whose trading activities are influenced by designated persons.
During the closure period, Designated Persons and their Immediate Relatives are strictly prohibited from dealing in the company's securities, to prevent any instance of insider trading.
Date of Board Meeting for Financial Results
The Board Meeting of Nath Industries Limited for considering and approving the audited financial results for the quarter and financial year ended March 31, 2025, will be announced separately in due course.
Upon approval of the audited financial results, the trading window will reopen 48 hours after the declaration of financial results.
Compliance with SEBI Regulations
The closure of the trading window aligns with Regulation 9 of SEBI (Prohibition of Insider Trading) Regulations, 2015, which mandates that:
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Companies listed on stock exchanges must regulate, monitor, and report trading activities by insiders.
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The trading window closure should be imposed during periods when unpublished price-sensitive information (UPSI) is available, especially before the announcement of financial results or other significant corporate events.
Nath Industries Limited has taken this step to ensure compliance with regulatory guidelines and maintain the highest standards of corporate governance.
Impact on Insiders and Designated Persons
The trading window closure impacts individuals and entities falling under the Designated Persons category, which may include:
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Promoters, Directors, and Senior Management Personnel
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Employees of the Company and its Subsidiaries
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Professional Advisors and Consultants associated with Nath Industries
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Any other connected persons who have access to UPSI
The closure aims to prevent misuse of sensitive financial information and ensure compliance with SEBI’s regulations to maintain transparency and fairness in the stock market.
Timeline for Trading Window Closure
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Start Date: April 1, 2025
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End Date: 48 hours after the declaration of the audited financial results for the quarter and year ended March 31, 2025
Previous Trading Window Closures
Nath Industries Limited has consistently followed regulatory requirements by imposing trading window closures during periods of sensitive information disclosure. This proactive approach reflects the company’s commitment to maintaining ethical trading practices and safeguarding investor interests.
Importance of Adhering to Trading Window Restrictions
Failure to adhere to trading window restrictions can result in:
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Monetary Penalties: Imposed by SEBI for non-compliance.
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Reputational Damage: Harm to the company’s image and credibility.
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Legal Action: Consequences faced by insiders involved in insider trading.
To avoid these consequences, Designated Persons and their Immediate Relatives are advised to strictly refrain from dealing in the company’s securities during the closure period.
Communication and Information Dissemination
Nath Industries Limited will keep all stakeholders informed regarding:
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Date of Board Meeting for declaration of financial results.
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Resumption of trading window after the disclosure of audited financial results.
The company remains committed to adhering to the highest standards of corporate governance and ensuring compliance with all applicable regulations.
Conclusion
The closure of the trading window by Nath Industries Limited from April 1, 2025, is a proactive measure to ensure compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and safeguard the integrity of trading activities. The window will remain closed until 48 hours after the declaration of audited financial results for the quarter and year ending March 31, 2025. All Designated Persons and their Immediate Relatives are required to comply with these guidelines, and any further updates regarding the declaration of financial results and reopening of the trading window will be communicated in due course.
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