Godavari Biorefineries Limited — Important, 13-11-2024: Updates

Godavari Biorefineries Ltd has adopted a new Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI). The policy aims to ensure timely and adequate disclosure of UPSI to maintain transparency and fairness, preventing misuse of sensitive information. Key principles include prompt communication of UPSI once credible information emerges, equitable dissemination to stakeholders, and creating safeguards to restrict access only to those with a legitimate need.

The company emphasizes a culture of compliance and proactive engagement with shareholders, including timely releases of quarterly and annual results on its website. The Board has appointed the Company Secretary to manage the dissemination process, with the policy subject to review as needed.

This move reflects a commitment to upholding high standards in information management, enhancing stakeholder confidence in the company's practices. Investors should monitor this development closely, as it underscores the company's dedication to regulatory compliance and transparency, potentially influencing its market reputation positively.