VL E-Governance Announces Trading Window Closure

Team Finance Saathi

    27/Mar/2025

What's covered under the Article:

  1. VL E-Governance announces trading window closure from April 1, 2025.

  2. Trading restricted for designated persons and immediate relatives.

  3. Window reopens 48 hours after the declaration of financial results.

VL E-Governance & IT Solutions Limited (formerly known as Vakrangee Logistics Private Limited) has informed the BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE) about the closure of its trading window for all designated persons and their immediate relatives. This closure will take effect from April 1, 2025, and will remain in place until 48 hours after the declaration of the financial results for the fourth quarter and year ending March 31, 2025.

Trading Window Closure Details

As per the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company’s “Insider Trading – Code of Conduct,” the trading window will remain closed for designated persons and their immediate relatives to prevent any misuse of unpublished price-sensitive information (UPSI).

The closure period will begin on Tuesday, April 1, 2025, and will extend until 48 hours after the declaration of the financial results for the quarter and year ending March 31, 2025.

Purpose of Trading Window Closure

The closure of the trading window is a mandatory compliance measure to safeguard market integrity and prevent any possibility of insider trading during critical financial reporting periods. The trading window closure ensures that individuals who have access to sensitive financial information do not misuse it before the information is made publicly available.

The trading window remains closed during this period to prevent designated persons and insiders from making any transactions involving the company’s securities, thereby ensuring fair and transparent trading practices.

Who is Restricted During the Closure Period?

The trading window closure applies to the following individuals:

  • Directors of the company

  • Promoters and key managerial personnel

  • Designated Persons who may have access to insider information

  • Immediate Relatives of all designated persons and insiders

Duration of Trading Window Closure

  • Start Date: April 1, 2025

  • End Date: 48 hours after the announcement of the financial results for the quarter and year ending March 31, 2025

The exact date of the Board Meeting for the approval of the financial results will be announced separately. After the financial results are declared, the trading window will reopen after a mandatory period of 48 hours.

Compliance with SEBI Regulations

This decision aligns with the requirements set by the Securities and Exchange Board of India (SEBI) under its Prohibition of Insider Trading (PIT) Regulations, 2015, which mandates strict compliance to prevent the misuse of unpublished price-sensitive information. The Code of Conduct followed by VL E-Governance also mandates that designated persons and their immediate relatives refrain from engaging in any trading activity during the window closure period.

Why Trading Window Closure is Important

Trading window closure is an essential mechanism to:

  • Prevent insider trading and protect the market from unfair practices.

  • Ensure that individuals with access to sensitive financial information do not misuse it.

  • Maintain the credibility and transparency of the financial reporting process.

VL E-Governance & IT Solutions Limited has taken proactive measures to ensure that its compliance protocols adhere strictly to SEBI’s guidelines and uphold the integrity of the trading process.

Impact on Shareholders and Stakeholders

The closure of the trading window impacts all designated persons, insiders, and immediate relatives who are bound by the company’s Code of Conduct. They are prohibited from dealing in the securities of the company during this period to eliminate any possibility of insider trading.

Reopening of Trading Window

The trading window will be reopened 48 hours after the declaration of the financial results for the quarter and year ending March 31, 2025. This allows sufficient time for the information to be disseminated and absorbed by the market, ensuring that all shareholders have equal access to information.

Date of Board Meeting for Financial Results

The date for the Board Meeting to approve the financial results will be announced separately. Once the financial results are declared, a notice will be issued to indicate the reopening of the trading window.

Key Dates:

  • Trading Window Closure: April 1, 2025

  • Reopening of Trading Window: 48 hours after the financial results are announced

Conclusion

VL E-Governance & IT Solutions Limited has announced the closure of its trading window effective from April 1, 2025, in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company’s “Insider Trading – Code of Conduct.” This measure ensures that all trading activities are conducted with transparency and fairness. The trading window will reopen 48 hours after the declaration of the financial results for the quarter and year ending March 31, 2025, and the date of the Board Meeting to approve these results will be communicated in due course.


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