Surat Trade and Mercantile Limited (formerly Surat Textile Mills Limited) has announced the closure of its trading window as per the SEBI (Prohibition of Insider Trading) Regulations, 2015. The trading window will remain closed from Tuesday, April 1, 2025, until 48 hours after the declaration of the audited financial results for the quarter and financial year ending March 31, 2025.

The decision was made following the company's Code of Conduct, which regulates, monitors, and reports trading by designated persons. This ensures compliance with insider trading regulations and aims to maintain transparency in trading practices among insiders, including directors, employees, and designated persons.

Key Information:

• Trading Window Closure Dates:
  The trading window will close on April 1, 2025, and will remain closed until 48 hours after the approval of the audited financial results for the quarter and financial year ending March 31, 2025.

• SEBI Compliance:
  This closure is in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015 and is a standard procedure to prevent the misuse of unpublished price-sensitive information (UPSI) by insiders before the release of the company’s financial results.

• Board Meeting for Financial Results:
  The date of the Board Meeting to consider and approve the audited financial results for the financial year will be intimated to the stock exchanges in due course. Once the results are announced, the trading window will re-open 48 hours afterward, as per the standard practices outlined in the company’s Code of Conduct.

Impact of Trading Window Closure

• Insider Trading Restrictions:
  During the closure period, all designated persons including directors, key managerial personnel, employees, and their immediate relatives are prohibited from dealing in the equity shares of the company.

• Reasons for Window Closure:
  The trading window closure is a precautionary measure to ensure that no one with access to unpublished financial data or other material information can take advantage of such information before it is made public.

Company Background and Financial Reporting

Surat Trade and Mercantile Limited (STML) is a prominent company based in Surat, Gujarat. With a long history, the company continues to operate in sectors related to textiles and trade. It is committed to complying with SEBI regulations and ensuring transparency in its operations.

The company has also informed its designated persons about the closure of the trading window, as mandated by the company’s Code of Conduct. The decision to close the window was made in preparation for the upcoming release of audited financial results.

Conclusion

The closure of the trading window by Surat Trade and Mercantile Limited is a routine measure in accordance with SEBI regulations to ensure compliance with insider trading rules. Stakeholders are advised to keep an eye on further announcements regarding the Board Meeting for the approval of audited financial results and any subsequent developments regarding the reopening of the trading window. The company remains committed to maintaining transparency and regulatory compliance in all its financial dealings.

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