Blue Star has announced the segregation of its Code of Conduct on Insider Trading into two distinct codes. The decision was approved by the company’s Board of Directors during a meeting held on Wednesday, May 6, 2026. This move aims to streamline the internal procedures and enhance compliance with regulatory requirements.
The newly segregated codes are the Code of Internal Procedures and Conduct for Regulating, Monitoring and Reporting of Trading by Insiders, and the Code of Fair Disclosure of Unpublished Price Sensitive Information. The company clarified that there are no revisions or modifications to the content of these codes; they have merely been separated to better align with the SEBI (Prohibition of Insider Trading) Regulations, 2015.
The Code of Fair Disclosure of Unpublished Price Sensitive Information has been formulated to ensure prompt, timely, and adequate disclosure of such information. This code outlines practices for fair disclosure, including the prompt public disclosure of information that could impact price discovery, to ensure that such information is made generally available.
Additionally, the code mandates uniform and universal dissemination of unpublished price sensitive information (UPSI) to avoid selective disclosure. A senior officer has been designated as the chief investor relations officer to handle the dissemination of information and disclosure of UPSI.
The company has also established procedures for the prompt dissemination of UPSI that is disclosed selectively or inadvertently, ensuring that such information is made generally available. Furthermore, Blue Star has committed to providing appropriate and fair responses to queries on news reports and requests for verification of market rumours by regulatory authorities.
The Code of Fair Disclosure also emphasises the importance of ensuring that information shared with analysts and research personnel is not UPSI. It encourages the development of best practices to make transcripts or records of meetings with analysts and other investor relations conferences available on the company’s official website.
Both codes will be available on Blue Star’s website, ensuring transparency and accessibility for stakeholders. The company has reiterated its commitment to handling all UPSI on a need-to-know basis, maintaining confidentiality in compliance with the regulations.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).