PNB Gilts : Code of conduct under SEBI (PIT) Regulations

PNB GILTS LTD

(Sub sidiary o f Punja b National B ank)

Ma rch 30, 2022
To,	To,
T he Manager, Li sting Compliance Depa rtment	T he Manager,
National Stock Exchange of India Ltd.	Listing Compliance Department
Exchange Plaza, Sandra Kurla Complex	BSE ltd.
Sand ra (East), Mumbai - 400051	P. J. Tower, Dalal Street
Mumbai - 400001
SYMBOL: PNBGILTS
Scrip Code: 532366

Reg.: Intimation under Regulation 8(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015.

Dear Sir/ Madam,

Pursuant to the provisions of Regulation 8(2) of SEBI (Prohibition of I nsider Trad ing) Regulations, 2015, please find enclosed a copy of t he amended 'Code of Practices and Procedures for Fair Disclosures', which is also being made available o n the websit e of the Company.

You are requested to pl ease t ake the same on record.

T his is for your information and record s.

T hanking you.

Yours faithfully, For PNB Gi lts Ltd.

Encl: As above

Regd . Office: 5, Sansad Marg, New Delhi-110 001. Ph. : 23325759, 23325779 , 23736584, Fax: [phone]

Website:www.pnbgilts.com E-mail :pnbg [e-mail] CI N : L74899DL1996PLC077120

PNB Gilts Limited

Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information

Table of Contents

Introduction ................ ..... . ..... ..... .... .. . ......... .. .... .... .... ... ... ...... ...... ...... ....... ...... . ..... . ............. .. ...................... 3

Objective of the Code of Fair Disclosures .. ... .............. ............ .. .. ...... .. . ......... .. .. . ...... .. ..... ...... ...3

Definitions ............................. ............ ... ......... ... ..... .... . ....... .... ..... .. . .... .. ... ...... ... ............. . .............. ...... .......... 3

Applicability of the Code ..... .. .... ... ............................................................... .. ...... ..... ......... ... .... .......... 4

• 1. Prompt public disclosure of UPSI ......... . ............. ... ..... .. .. .......... .... ........ ..... .. ........ . ............ 4

• 2. Uniform and Universal dissemination of UPSI ...... ..... ..... .... .... ...... .. ... ...... .... .. .. .... . .... 4

• 3. Overseeing and coordinating disclosure ..... .... .. ..... .... .. .. ............ ... .............. .. ........... .... 4

• 4. Responding to market rumours ... . ....... ....... .. ....... .. ... ... ............ . .......... ........... . ..... .... .... ..... . 4

• 5. Process of disseminating information in order to make t he UPI sensitive information generally available ..... . ......... ........... ... .... . ............. ... ..... ... ................ .. ........... ...... ........ s

• 6. Manner of dealing with research analyst and personnel . ..... ........... . .............. .... 5

• 7. Genera l avai l ab l e information . .......... ..... ................ ... ..... ... ............... . ....................... ... .... ..... .. .... 5

• 8. UPSI on Need-to-Know basis ................................... .... . ...... .. ..... ... .................. .. .. .... ....... . .... 6

• 9. Determination of Legitimate purpose .. ........... ... . .... ....... .............. .. .. .................... .. ..... ... 6

• 10. Disclosure of Code on Public Doma i n ..... . ............................ ... ........... . ......... ... .. ....... ....... 7

Introduction

The Securities and Exchange Board of India ("SEBI") had introduced the SEBI (Prohibition of Ins ider Trading) Regulations, 2015, as amended (lith e Regulations") in ord er t o regulate the conduct of insid ers, connected persons and pe rsons who are deemed to be connected persons on matters relating to Insider Trading.

Objective of the Code of Fair Disclosures

T he Code of Pra ctices a n d Procedures for Fair Disclosures is requi red for the Company to ensure timely and adequate d isclos ure of unpublished price sensitive information which would impact the price of the Company's securities ard to maintain the uniformity, transparency and fa irness in d eal i ng with a ll stakeholders an d in ensuring adherence to applicable laws and regulat ions . Further, the Compa ny endeavours to preserve the confidentiality of un-published price sensitive information and to prevent misuse of such information.

Definitions

• a) 'Compliance Officer' for the purpose of these regu lations means the Chief Financial Officer of the Co mpany. In absence of the Chief Financia l Officer , the Company Secretary of the Company is auth o r ized by the Board of Directors of the Company to discha rge the duties of Compliance Officer under t h e regu lations.

• b) 'Chief Investors Relations Officer' means Compliance Office r of the Company.

• c) 'Company' means PNB Gi lts Limited

• d) 'Legitimate purpose' shall include sharing of u npub lished price sensitive information in the ordinary course of business by an insider with partners, col labo r ators, lenders, customer s, supp liers, merchant bankers, lega l advisors, audi t ors, insolvency professiona ls or other advisors or consultants etc.

e) ' Unpublished Price Sensitive Information ' (UPSI) means any information, relating to the Company or its sec u rities, d i rectly or i ndirectly, that is not general ly ava ilable wh ich upon becoming genera lly avai lable, is l ikely to materiall y affect the price of the securities and shall ordinarily including but not r estricted to, information re lating to t he fo llowing : > financial resu lts

>

dividends

;;.. change in capital structure >- changes in key managerial personne l

> > any s uch other i nformation which may materia lly affect the price of securities of the

mergers, de-mergers, acquisitions, delisting's, disposals and expansion of business and such oth er transactions

Company.

Other terms not specifically defined here sha ll have the same meaning as assigned under the SEBI (Prohibition of Insider Trading) Regu lations, 2015 .

PNB Gilts I Code of Practices and Procedures for Fair Disclosure of UPSI

Applicability of the Code

The Code of Fa ir Disclosure shall be applicable to all the Designated Persons (inclu d es Immed iate Relatives) and Insiders of the Company.

In consonance with the principles of fa ir d isclosure specified in SEBI (Prohibition of I nsider Trading Regulations), 2015, ( Insider Trading Regulations ) the Company would adhere to fo llowing practice and procedure for fa ir disclosures in respect of unpublished p ri ce sens itive i nformation (U PSI) relating to the Company a nd/ or its securities.

1.

Prompt public disclosure of UPSI

Any information that could have a material impact on p rice of shares/ securities of the Compa ny sha ll be promptly disclosed to Stock Exchanges where the shares/ securities of the Company are listed and the said information shal l also be up loaded on the website of t h e Company. Such di sc losure a n d upload ing shall b e in accordance with Company's Board approved policies on 'Determination of mate ~ ial i ty of even t/ information' and 'Web-Archival Policy'.

2.

Uniform and Universal dissemination of UPSI

The disclosure of unpublished price sensitive information shall be on a continuous, immediate, uniform basis and will be universally disseminated except when the same has been disclosed for Leg itimate Purposes. The Company may consider others ways of supplementing informatio n released to stock exchanges by improvi ng Investor access to their public announcemen t s.

3.

Overseeing and coordinating disclosure

The CIRO, for t h e purpose of these Regulati o ns, shall oversee corpora t e disclosures and deal with dissemination of information and disclosure of UPS!. The CIRO shall be responsible for ensuring that t h e Company comp lies with continuous disclosure requirements and; overseeing and co - ordinating disclosure of unpublished price sensitive information to stock exchanges, on the webs ite of the Company and media. CIRO may deci de any oth er man n er, as he/she m ay deem fi t , to f acilitate uniform and universa l d issemination of UPS!. If information is inadvertently o r otherwise disclosed selectively, without prior approva l of CIRO, the person responsib le sha ll i nform t he CIRO immediately, even if the i nformation is not considered unpublished price sensitive. In such event of inadvertent, sel ective disclosure of UPSI, the CIRO sha ll take prompt action to ensu r e such information is generally made availa bl e.

4.

Responding to market rumours

The CIRO shall promptly respond to queries or requests for verification of market rumours by exchanges.

The CIRO sha ll be r esponsib le for decid ing whether a public announcement is necessary for verify ing or d enying rumours and then make the disclosure . He/she shall a lso provide appropriate assistance and fair response to t he regu latory author ities including the stock excha n ges for verification of news r eports and market r umou rs.