Bajaj Finserv amends fair disclosure code for price sensitive information

Bajaj Finserv Limited informed stock exchanges on September 15, 2025, of an amendment to its "Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information" (Fair Disclosure Code). The company's board of directors approved this amendment on the same day, aligning it with Regulation 8(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

The updated code emphasizes prompt and uniform public disclosure of unpublished price sensitive information (UPSI) to ensure it becomes "generally available" on a non-discriminatory basis. Bajaj Finserv will achieve this by informing relevant stock exchanges (BSE and NSE) where its shares are listed and by publishing the information on its website. The compliance officer will serve as the chief investor relations officer (CIRO) for managing UPSI dissemination and disclosure.

The amended policy also outlines a framework for determining "legitimate purposes" for sharing UPSI, including with partners, collaborators, lenders, and other advisors in the ordinary course of business, provided it doesn't circumvent SEBI prohibitions. The company commits to maintaining a structured digital database of persons with whom UPSI is shared, complete with PAN or other identifiers, and robust internal controls. The policy will be periodically reviewed.