Code of Conduct
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CODE OF PRACTICES AND PROCEDURES FOR FAIR DISCLOSURE
OF UNPUBLISHED PRICE SENSITIVE INFORMATION
The Board of
Directors of Dolat Investments Limited is committed to manage the affairs of
the Company in a fair, transparent and ethical manner keeping in view of the
needs and interest of all stakeholders.
The Company uploads the basic tenets of Corporate Governance and to put
in place a framework for prohibition of insider trading in securities and to
strengthen the legal framework of the Company by prohibiting and regulating
such activities within the applicable law.
Regulation 8 of SEBI (Prohibition of Insider
Trading) Regulations, 2015 (“Insider Regulations”) prescribes all listed
companies to formulate and publish on its official website a ‘Code of Practices
and Procedures for Fair Disclosure of Unpublished Price Sensitive Information’
(Code of Fair Disclosure’) as per Schedule A of the Insider Regulations.
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Preface
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SEBI vide its Circular No.
LAD-NRO/GN/2014-15/21/85 dated 15.01.2015 has introduced the Insider
Regulations to be effective from 15.05.2015.
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Regulation 8 in Chapter IV of SEBI
(Prohibition of Insider Trading) Regulations, 2015 provides for the formulation
of a Code of Fair Disclosure.
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The Code of Fair Disclosure
shall be applicable to the Promoters, Key Managerial Personnel, Board Members
and Employees of the Company.
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Prompt public disclosure of Unpublished Price Sensitive Information.
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The Company will make prompt
public disclosure of unpublished price sensitive information in relation to the
Company that would impact price discovery of the securities of the Company no
sooner than credible and concrete information comes into being in order to make
such information generally available.
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The Company will ensure uniform
and universal dissemination of unpublished price sensitive information in
relation to the Company via stock exchanges where the securities of the Company
are listed and in order avoid selective disclosure.
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The Compliance Officer of the
Company shall act as the Chief Investor Relation Officer to deal with
dissemination of information and disclosure of unpublished price sensitive
information in relation to the Company.
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The Company will make efforts
to promptly disseminate any unpublished price sensitive information in relation
to the Company that gets disclosed selectively, inadvertently or otherwise to
make such information generally available.
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The Company will endeavor to
provide appropriate and fair response to queries on news reports and requests
for verification of market rumours by regulatory authorities.
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The Company will ensure that
information shared with analysts and research personnel is not unpublished
price sensitive information in relation to the Company.
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The Company will develop best
practices to make transcripts or records of proceedings of meetings with
analysts and other investor relation conferences on the Company’s website www.dolatinvest.com to ensure official
confirmation and documentation of disclosure made.
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The Company executive will
handle all unpublished price sensitive information in relation to the company
on a need-to-know-basis.
REVIEW
/ AMENDMENT
The Board of
Directors of the Company may amend, abrogate, modify or revise any or all clauses
of this Code in accordance with the applicable provisions of the Regulations,
listing agreement entered into by the Company with the Stock Exchanges and
guidance note issued by such Stock Exchanges, from time to time.
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