Bajaj Holdings amends insider trading code for enhanced transparency

Bajaj Holdings & Investment Limited announced on September 16, 2025, that its board of directors approved an amendment to its "Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information" (UPSI). This amendment aligns with Regulation 8(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, and aims to ensure prompt and uniform public disclosure of UPSI. The updated code emphasizes making information "generally available" on a non-discriminatory basis and includes provisions for responding to news reports and market rumors.

The revised code outlines a comprehensive approach to handling UPSI, including its definition, legitimate purposes for sharing, and strict maintenance protocols. It mandates that any selective, inadvertent, or otherwise disclosed UPSI be promptly disseminated to ensure it becomes generally available. The compliance officer will serve as the chief investor relations officer (CIRO) to oversee information dissemination and UPSI disclosures.

Key provisions include the development of best practices for transcribing meetings with analysts and investors, ensuring official documentation of disclosures, and the handling of all UPSI on a "need-to-know" basis. Furthermore, a structured digital database will be maintained to record persons or entities with whom UPSI is shared, including their Permanent Account Number or other identifiers, with robust internal controls like time stamping and audit trails to prevent tampering.