CSM Technologies Adopts Fair Disclosure Code for Unpublished Price Sensitive Information

CSM Technologies Adopts Fair Disclosure Code for Unpublished Price Sensitive Information​

CSM Technologies Ltd has formally adopted a comprehensive Code of Practices and Procedures for the Fair Disclosure of Unpublished Price Sensitive Information (UPSI), effective from August 12, 2025. The policy was formulated by the Board of Directors to ensure transparency and fairness in market dealings concerning its securities.

The new code outlines the company’s commitment to preventing the misuse of UPSI and maintaining timely and adequate disclosure practices. It stipulates that all events or occurrences which could potentially impact price discovery in the market for CSM Technologies' securities must be managed through this defined framework.

Defining Unpublished Price Sensitive Information (UPSI)​

The Fair Disclosure Code establishes clear criteria for what constitutes Unpublished Price Sensitive Information. UPSI is defined as any information, relating to the company or its securities, that is not generally accessible but which, upon becoming public, would likely affect the price of the securities.

Information falling under this category includes, but is not limited to:

• Financial results and dividends.
• Changes in capital structure, mergers, acquisitions, or delisting events.
• Fraud or defaults involving the company, its directors, or key managerial personnel.
• Outcomes of any litigation or dispute that may impact the company.
• Initiation of forensic audits or adverse regulatory actions against the company or its management.

The company mandates strict adherence to guidelines for materiality when identifying such events.

Roles and Disclosure Mechanisms​

To oversee compliance, the company has designated a Chief Investor Relations Officer (CIRO), who must be the CFO or another senior official nominated by the Board. This officer is responsible for the dissemination of information and disclosure related to UPSI.

Key operational requirements include:

• Timely Disclosure: The company must promptly disclose any UPSI that could impact price discovery, ensuring such information becomes generally available immediately upon its creation.
• Disclosure Timeline: Disclosures must be made by the CIRO no later than 48 hours after the officer learns that the communication of the UPSI occurred.
• Internal Controls: The company is required to maintain a structured digital database detailing the nature of UPSI and tracking which individuals or entities received such information, preserving this data for a minimum of eight years.

Guidelines for Analyst and Third-Party Interactions​

The code outlines specific protocols concerning interactions with external parties, such as analysts, brokers, and institutional investors. The company mandates that any information shared with these third parties must be generally available and not constitute UPSI.

To maintain integrity during meetings or conference calls:

• At least two representatives from the Company must be present.
• All presentations and audio/video recordings of these interactions must be promptly made available on the company's website, within 24 hours or before the next trading day, whichever is earlier.
• The transcripts of such calls must also be provided on the company’s website within five working days.

Policy for Legitimate Purposes​

An accompanying policy clarifies the circumstances under which an insider may handle UPSI. A "Legitimate Purpose" is defined as sharing UPSI in the ordinary course of business with qualified partners, collaborators, lenders, auditors, or legal advisors. Any person receiving UPSI pursuant to a legitimate purpose must be treated as an insider and given explicit notice regarding the confidentiality requirements and liabilities associated with the information.

Furthermore, the code reinforces that individuals possessing UPSI are strictly prohibited from trading in the company’s securities unless they follow an approved trading plan, which requires prior approval and public disclosure.

CSM Stock Price Movement​

As of 2:35 PM, shares of CSM Technologies Limited are shedding value in live trading, slipping by 5.65% to trade at ₹107.35. The stock experienced heavy selling pressure with a volume of 503,240 shares while remaining near the yearly low and reflecting prior highs up to ₹113.