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Home / Shareholding & Insider Moves / Paras Defence Amends Insider Trading and UPS Disclosure Code
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Paras Defence Amends Insider Trading and UPS Disclosure Code

BY ADMIN • FILED 24 Jul 2026, 11:23 PM

Paras Defence and Space Technologies Limited has informed the stock exchanges that its Board of Directors has approved revisions to the company’s internal policies governing insider trading and the disclosure of unpublished price sensitive information (UPSI).

The amendments were approved at the Board meeting held on July 24, 2026, and are intended to ensure continued compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015.

Key Highlights of the Regulatory Filing

As part of its latest corporate governance update, Paras Defence has adopted a revised version of its insider trading framework.

Policy Details

  • Policy Name: Code for Prohibition of Insider Trading and Fair Disclosure of Unpublished Price Sensitive Information (UPSI)
  • Version: 3.0
  • Approval Date: July 24, 2026
  • Regulatory Framework: Prepared in accordance with Regulations 8 and 9, read with Schedules A and B of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

The revised code replaces the earlier version and incorporates updates to align with evolving regulatory requirements and best governance practices.

Applicability of the Revised Policy

The updated policy applies to individuals associated with the company who may have access to unpublished price sensitive information, including:

  • Connected Persons
  • Insiders
  • Designated Persons
  • Immediate Relatives of Designated Persons

These individuals are required to comply with the company’s trading restrictions, disclosure requirements, and confidentiality obligations.

Strengthening Corporate Governance

The revised code is designed to strengthen the company’s corporate governance framework by establishing clear procedures for:

  • Preventing insider trading.
  • Protecting unpublished price-sensitive information (UPSI).
  • Ensuring timely and uniform public disclosure of material information.
  • Monitoring and regulating trading by designated persons.
  • Enhancing transparency and regulatory compliance.

The policy also outlines procedures for reporting trading activities and maintaining the confidentiality of sensitive corporate information.

Policy Available for Investors

Paras Defence has made the updated policy available on its official website, enabling shareholders and investors to review the company’s governance framework and compliance practices.

The publication of the revised code reinforces the company’s commitment to transparency, fair disclosure, and adherence to regulatory standards.