DCB Bank Limited Approves Fair Disclosure Code for Unpublished Price Sensitive Information

DCB Bank Limited Approves Fair Disclosure Code for Unpublished Price Sensitive Information​

DCB Bank Limited has approved its 'Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information' following a Board meeting held on July 24, 2026. The code establishes a framework to ensure fair disclosure of events and occurrences that could impact price discovery in the market for the bank’s securities.

The objective of the Fair Disclosure Code is to provide a policy for handling unpublished price sensitive information (UPSI), preventing its misuse, and ensuring timely and adequate transparency for all stakeholders. The code mandates adherence to applicable laws and regulations concerning UPSI.

Operational Structure and Materiality Determination​

The Bank’s policy defines that the determination of materiality for events or information is jointly authorized by any two of the following Key Managerial Personnel (KMP):


The Head of the Treasury and Financial Institutions Group is designated as the Chief Investor Relations Officer (CIRO). The CIRO is responsible for ensuring uniform dissemination of information, promptly disclosing UPSI to stock exchanges, overseeing employee compliance, and monitoring the sharing of UPSI with analysts and research personnel.

Key Aspects of the Fair Disclosure Code​

The approved code details a structured approach to handling and assessing all instances of UPSI disclosure. The policy outlines criteria necessary for determining if the proposed sharing of UPSI constitutes a 'Legitimate Purpose.'

Assessment Criteria:
For any proposed sharing of UPSI, the Bank must assess whether it meets these requirements:
1. The sharing is in the best interest of the Bank and is free from intentions to profit, avoid loss, or misuse the information illegally.
2. The sharing furthers a genuine corporate or business purpose, or enables the Bank to meet legal obligations, including regulatory directions and judicial orders.
3. All UPSI must be handled on a need-to-know basis.

Compliance Procedures:
The Code mandates that prior to any disclosure of UPSI, the recipient must be apprised via confidentiality agreements or written notices that:

• The shared information is UPSI and the Bank is its exclusive owner.
• The recipient must comply with PIT Regulations as an Insider.
• The recipient must maintain absolute confidentiality regarding the UPSI.
• The recipient will provide a written undertaking not to trade in the Bank's securities while possessing access to the UPSI.

Illustrative Examples of Legitimate Purpose:
The code provides several illustrative instances where sharing UPSI would be considered for a legitimate purpose, including:

• Responding to requests from statutory or governmental authorities (e.g., Ministry of Corporate Affairs, SEBI, Reserve Bank of India).
• Compliance with applicable laws and regulations, such as company law or securities law.
• Assessing strategic alliances, mergers, amalgamation, or restructuring opportunities.

The Board of Directors is required to review and approve this Code at least annually or whenever regulatory changes occur.

DCBBANK Stock Price Movement​

DCB Bank Limited shares today slipped by 1.26% to settle at ₹186.24 after marking a loss of ₹2.39. The equity closed the session having traded over 1.03 million shares.