Chalet Hotels updates insider trading disclosure policy

Chalet Hotels Limited has informed the National Stock Exchange of India and BSE Limited about the amendment of its Code for fair disclosure of Unpublished Price Sensitive Information (UPSI Code). The revised code, approved by the company's board of directors at a meeting on November 4, 2025, became effective on the same day. This update aligns with Regulation 8 of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

The updated code outlines principles for maintaining confidentiality and ensuring prompt, uniform dissemination of UPSI. It details the role of the chief investor relations officer (CIRO) and compliance officer in managing disclosures, addressing market rumors, and investigating suspected leaks. The company will also maintain a structured digital database of persons with whom UPSI is shared, including their names, designations, and the purpose of sharing.

This revision, previously amended on March 29, 2019, and May 12, 2025, emphasizes Chalet Hotels' commitment to regulatory compliance and transparency in handling sensitive information. Any violation of the code by designated persons or employees may result in disciplinary action, including termination of employment.