Siemens Limited announced the revision of its "Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information" pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015.
The revised code, effective 9 June 2025, outlines principles for timely, uniform, and adequate disclosure of Unpublished Price Sensitive Information (UPSI).
Key provisions of the revised code include:
Prompt public disclosure of UPSI to impact price discovery and uniform dissemination to avoid selective disclosure.
Designation of a senior officer as the Chief Investor Relations Officer (CIRO) to deal with information dissemination and UPSI disclosure.
Prompt dissemination of UPSI that gets disclosed selectively, inadvertently, or otherwise.
Appropriate and fair response to queries on news reports and requests for verification of market rumours by regulatory authorities.
Ensuring that information shared with analysts and research personnel is not UPSI, with specific guidelines for interactions.
Developing best practices to make transcripts or records of proceedings of quarterly analyst meets, group meetings with analysts/investors, and other investor relations conferences available on the official website.
Handling all UPSI on a "need-to-know" basis and only for legitimate purposes, with a clear definition of "Legitimate Purpose."
Maintenance of a structured digital database containing names and Permanent Account Numbers (PAN) or other authorized identifiers of persons/entities with whom UPSI is shared.
The revised code has also been uploaded on the company's website.