RBL Bank Limited, a prominent private sector bank in India, has announced the closure of its trading window for dealing in the bank's securities starting from Monday, March 24, 2025. This decision has been taken in accordance with the provisions of SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended, and in compliance with the bank's internal code of conduct known as the ‘RBL Trading Code’.

Details of Trading Window Closure

As per the intimation submitted to BSE Limited and the National Stock Exchange of India Limited (NSE), the trading window will remain closed for the Designated Persons (including Directors) and their immediate relatives from March 24, 2025, until 48 hours after the declaration and announcement of the audited financial results for the quarter and financial year ending on March 31, 2025.

Objective of Trading Window Closure

The closure of the trading window is a preventive measure to mitigate the risk of insider trading and ensure that unpublished price-sensitive information (UPSI) is not misused during the period leading up to the announcement of the bank's financial results. This move is in strict compliance with the guidelines issued by SEBI to prevent unlawful trading based on privileged information.

Applicability of Trading Window Closure

The closure of the trading window will apply to the following categories of individuals:

• Designated Persons: Employees and individuals identified as having access to UPSI.
• Directors of RBL Bank: All board members and decision-makers of the bank.
• Immediate Relatives: Family members of designated persons and directors who may have access to UPSI.

SEBI (Prohibition of Insider Trading) Regulations, 2015

The SEBI (Prohibition of Insider Trading) Regulations, 2015, mandate that all listed companies ensure that their insiders, including directors, employees, and other designated persons, are restricted from dealing in securities during specific periods known as the "Trading Window Closure" period.

Key highlights of the regulation include:

• Restriction on trading during UPSI-sensitive periods, including financial results, mergers, and acquisitions.
• Trading window closure period to commence at least 48 hours before the disclosure of financial results.
• Imposition of penalties in case of violation of insider trading norms.

Timeline of the Trading Window Closure

• March 24, 2025: Trading window closure begins for designated persons and immediate relatives.
• Quarter and Year-end Results: Expected to be announced in April/May 2025 (exact date to be announced later).
• 48 Hours Post-Result Declaration: Trading window to remain closed until the expiry of 48 hours after the official declaration of audited financial results for the quarter and year ending on March 31, 2025.

Importance of Trading Window Closure

The trading window closure is a critical measure that ensures fairness and transparency in the capital markets by preventing any misuse of confidential information. RBL Bank is committed to upholding the highest standards of corporate governance by ensuring strict compliance with the guidelines prescribed by SEBI and its own internal code of conduct.

Consequences of Non-Compliance

Non-compliance with the trading window restrictions can lead to severe penalties and sanctions under the provisions of SEBI regulations. Penalties may include:

• Financial Penalties: Heavy monetary fines on the violators.
• Legal Action: Legal consequences under the SEBI Act for engaging in insider trading.
• Reputational Damage: Loss of investor trust and goodwill in the financial market.

Responsibility of Designated Persons

All designated persons and their immediate relatives are required to strictly adhere to the trading window closure guidelines and ensure that they do not indulge in any trading activities during the restricted period. Any contravention or non-compliance with the trading window closure may result in disciplinary action as per the bank’s internal policies and regulatory guidelines.

Communication and Disclosure

RBL Bank has communicated the details of the trading window closure to its designated persons and has also uploaded the intimation on its official website at www.rblbank.com for public reference. The intimation has also been forwarded to BSE Limited and National Stock Exchange of India Limited (NSE) under the respective scrip codes:

• BSE Scrip Code: 540065
• NSE Symbol: RBLBANK

Role of Compliance Team

The Compliance Team of RBL Bank will monitor adherence to the trading window closure and ensure that all designated persons comply with the guidelines issued by SEBI and the bank’s internal trading code.

Conclusion

The decision by RBL Bank to close the trading window from March 24, 2025, until 48 hours after the declaration of audited financial results is a proactive measure to ensure compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. This move reinforces the bank's commitment to corporate governance and investor protection, preventing any misuse of price-sensitive information during crucial periods.

Disclaimer:
This intimation is based on the communication submitted by RBL Bank Limited to the stock exchanges and is subject to further updates. Investors and stakeholders are advised to monitor the official website of the bank for further information.

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