Home About UsKey Policies Code of practices and procedures of fair disclosure of unpublished price sensitive information
Menu

Code of practices and procedures of fair disclosure of unpublished price sensitive information

Back

Code of practices and procedures of fair disclosure of unpublished price sensitive information

[Pursuant to Regulation 8(1) of SEBI (Prohibition of Insider Trading) Regulations, 2015]

[As approved by the Board of Directors of the Company at its Meeting held on May 7, 2015 and applicable from May 15, 2015]

Preliminary

This Code of practices and procedures of fair disclosure of unpublished price sensitive information (“Code”) is framed pursuant to Regulation 8(1) of SEBI Prohibition of Insider Trading) Regulations, 2015 (“Regulations”). This Code has been framed with an aim to ensure fair disclosure of unpublished price sensitive information that it would follow in order to adhere to each of the principles set out in Schedule A to these Regulations, without diluting the provisions of these Regulations in any manner by Hero MotoCorp Limited ("Company") to the Stock Exchanges and disseminate on a continuous and prompt basis.

Further, the manner in which the Company may consider ways of supplementing information released to stock exchanges by improving Investor access to their public announcements.

Overseeing And Co-Ordinating Disclosure

The Company in the Board Meeting held on May 7, 2015 has appointed Mr. Ravi Sud, Sr.Vice President & CFO as the Chief Investor Relation Officer ("CIRO") for the purpose of this Code. The CIRO shall be responsible for ensuring that the Company complies with continuous disclosure requirements, overseeing and co-coordinating disclosure of unpublished price sensitive information to stock exchanges, analysts, shareholders and media and educating staff on disclosure policies and procedure.

All disclosure or dissemination of any information (except disclosure required to be made under any law / statute) on behalf of the Company may be approved in advance by the CIRO.

Code

A Code of practices and procedures for fair disclosure of unpublished price sensitive information (“UPSI”)for adhering each of the principles is set out below:

  • Prompt public disclosure of unpublished price sensitive information that would impact price discovery no sooner than credible and concrete information comes into being in order to make such information generally available;
  • Uniform and universal dissemination of unpublished price sensitive information to avoid selective disclosure;
  • Prompt dissemination of unpublished price sensitive information that gets disclosed selectively, inadvertently or otherwise to make such information generally available;
  • Ensuring that information shared with analysts and research personnel is not unpublished price sensitive information;
  • Developing best practices to make transcripts or records of proceedings of meetings with analysts and other investor relations conferences on the official website to ensure official confirmation and documentation of disclosures made;
  • Handling of all unpublished price sensitive information on a need-to-know basis.

Responding To Market Rumours

All the queries or requests for verification of market rumours by exchanges shall be directed to the CIRO and may be sent to him at the following address:

Mr. Ravi Sud,
Sr. Vice President & CFO,
34, Community Centre, Basant Lok, Vasant Vihar, New Delhi – 110 057
E-mail ID – ravisud@hereomotocorp.com

The CIRO on receipt of such requests shall respond appropriately and fairly to the queries on news reports and requests for verification of market rumours by regulatory authorities without delay.

Disclosures

The Company shall ensure that

  • This Code shall be published on the official website of the Company;
  • Further, this Code and every subsequent amendment made thereto, shall be promptly intimated to the Stock Exchanges where the securities of the Company are listed.