Shangar Decor Limited has announced the closure of the trading window for its securities, effective from Tuesday, April 1, 2025, until 48 hours after the declaration of the Standalone Audited Financial Results for the half year and financial year ending March 31, 2025. This action complies with the provisions of Regulation 9(1) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended, and follows the Code of Conduct adopted by the company to regulate, monitor, and report trading by Designated Persons and their Immediate Relatives.

Compliance with SEBI Guidelines

In accordance with SEBI’s (Prohibition of Insider Trading) Regulations, 2015, amended through the SEBI (Prohibition of Insider Trading) (Amendment) Regulations, 2018, Shangar Decor Limited has implemented a trading window closure to prevent insider trading during the period when price-sensitive information (UPSI) is being prepared and finalized.

This move ensures that all Designated Persons and their Immediate Relatives are restricted from buying, selling, or dealing in the company’s securities until 48 hours after the disclosure of financial results.

Applicability of Trading Window Closure

The closure of the trading window applies to:

• Directors and Key Managerial Personnel (KMPs)

• Designated Persons as defined under the company’s Code of Conduct

• Immediate Relatives of the above categories

All designated individuals and their relatives have been advised not to trade in the securities of the company during the specified period. Any violation of these restrictions may result in penalties and disciplinary action in line with SEBI regulations.

Duration and Timeline for Trading Window Closure

The trading window will be closed from April 1, 2025, and will remain closed until 48 hours after the declaration of the Standalone Audited Financial Results for the half year and year ending March 31, 2025. During this period:

• No trading activity by designated persons or their immediate relatives is permitted.

• Strict compliance with SEBI’s insider trading regulations is required.

Board Meeting and Financial Results Disclosure Timeline

The date of the Board Meeting to consider and approve the Standalone Audited Financial Results for the half year and financial year ending March 31, 2025, will be informed in due course. Once the financial results are approved and disclosed, the trading window will reopen 48 hours after the announcement of results.

Objective and Importance of Trading Window Closure

The closure of the trading window is a critical step aimed at preventing insider trading and ensuring fairness and transparency in the market. The main objectives include:

• Preventing the misuse of material, non-public information (MNPI) during the preparation of financial results.

• Protecting investor confidence by ensuring that all stakeholders have equal access to financial information.

• Maintaining regulatory compliance with SEBI guidelines and ensuring ethical business practices.

Understanding SEBI’s Prohibition of Insider Trading Regulations

As per the SEBI (Prohibition of Insider Trading) Regulations, 2015, all listed companies are required to enforce trading restrictions through a trading window closure to prevent insider trading. The trading window remains closed during the period when price-sensitive information is being processed and remains closed until 48 hours after the disclosure of the results.

To ensure compliance, Shangar Decor Limited has established a Code of Conduct to Regulate, Monitor, and Report Trading by Designated Persons, which requires:

• Timely communication of trading window closures.

• Continuous monitoring of insider trading activities.

• Strict adherence to the regulatory framework outlined by SEBI.

Notification and Communication to Designated Persons

Samirbhai Shah, Managing Director of Shangar Decor Limited, has notified all Designated Persons and their Immediate Relatives about the trading window closure. Designated Persons have been strictly instructed to refrain from any trading activity during the window closure period.

The company has emphasized that any breach of these trading restrictions during this period will be considered a violation of SEBI’s insider trading regulations, leading to disciplinary action and penalties as per the applicable guidelines.

Trading Window Reopening and Financial Results Disclosure

Shangar Decor Limited will announce the Standalone Audited Financial Results for the half year and financial year ending March 31, 2025, after the conclusion of the Board Meeting. The trading window will reopen 48 hours after the disclosure of the financial results, ensuring that all market participants have equal access to the company’s performance information.

Commitment to Corporate Governance and Ethical Trading

Shangar Decor Limited is committed to maintaining high standards of corporate governance and ensuring compliance with all applicable regulations. The trading window closure is an essential part of the company’s efforts to:

• Prevent insider trading and protect shareholder interests.

• Ensure fair disclosure of financial information to the public.

• Uphold SEBI’s regulatory framework and maintain market integrity.

Disclosure of Board Meeting Date and Further Announcements

The date of the Board Meeting to consider and approve the Standalone Audited Financial Results for the half year and year ending March 31, 2025, will be communicated in due course. Shangar Decor Limited is committed to keeping all stakeholders informed about the timing of the board meeting and subsequent announcements.

Conclusion

In conclusion, Shangar Decor Limited has announced the closure of its trading window from April 1, 2025, until 48 hours after the declaration of the Standalone Audited Financial Results for the half year and year ending March 31, 2025. This action aligns with SEBI’s insider trading regulations and the company’s Code of Conduct, ensuring that Designated Persons and their Immediate Relatives comply with all regulatory requirements.

The Board Meeting date to approve the financial results will be informed in due course, and Shangar Decor Limited remains fully committed to maintaining transparency, ethical business practices, and regulatory compliance.

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