Insider Trading Code

Insider Trading Code



Securities and Exchange Board of India (SEBI) has come up with a new set of regulation ‘SEBI (Prohibition of Insider Trading) Regulation, 2015’ which has been notified on 15th January 2015 and will be effective from 15th May, 2015. The 2015 regulation will repeal SEBI (Prohibition Insider Trading) Regulation 1992 which has remained the principle guideline over a decade, curbing the incidence of Insider Trading in listed securities.

In deference to the abovementioned Regulations Mahabir Metallex Limited (hereinafter referred to as the Company), through its Board of Directors has formulated the following codes. The ‘Code of Fair Disclosure of Unpublished Price Sensitive Information of the Company’ has been made pursuant to Regulation 8 of the SEBI (Prohibition of Insider Trading) Regulations, 2015, hereinafter referred to as the "Regulations".

The ‘Code of Conduct for Insiders of the Company’ has been made pursuant to Regulation 9 of the Regulations. These Codes shall be applicable to Directors/Officers/Connected Person/Designated Employees of Mahabir Metallex Limited and their immediate relatives as defined herein and contravention of these Codes shall attract such sanctions and disciplinary actions as may be decided by the Board of Directors on case to case basis apart from the penalties under the Regulation/Act’ which the Securities and Exchange Board of India could impose upon the defaulter.

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Detailed Insider Trading Code