One Mobikwik Systems has announced amendments to its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information. This decision was approved by the company’s Board of Directors during a meeting held on 12 May 2026. The amendments align with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. The revised code is available on Mobikwik’s official website.
The primary objective of the code is to ensure that unpublished price-sensitive information (UPSI) is disclosed in a fair and transparent manner, making it generally available to the public. This is intended to prevent selective disclosure to certain investors or securities professionals without prior public dissemination.
The code applies to the disclosure of UPSI by Mobikwik, its subsidiaries, and associates, ensuring compliance with the applicable laws. The company has designated a Chief Investor Relations Officer responsible for the dissemination of information and ensuring fair disclosure practices.
The code outlines the definition of connected persons and insiders, specifying the types of information that qualify as UPSI. This includes financial results, changes in capital structure, mergers, acquisitions, and other significant corporate actions.
Mobikwik’s disclosure policy mandates prompt public disclosure of UPSI to stock exchanges and the company’s website, ensuring uniform and universal dissemination to avoid selective disclosure.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).