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CLOSURE-OF-TRADING-WINDOW-CHECKLIST-MARCH-QUARTER
CLOSURE OF TRADING WINDOW CHECKLIST FOR MARCH 2025 QUARTER
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S.No |
SEBI PIT REGULATION COMPLIANCES |
DUE DATE |
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Submission of Closure of Trading window to Stock Exchange in PDF and XBRL mode. |
31.03.2025 |
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Designated Depository PAN Freezing- Issuer can enter the trading window closure period i.e. start date and end date till T-2 days of respective dates. |
26.03.2025 |
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Structured Digital Database –used for sending emails to all insiders to inform them on Trading Window Closure. |
31.03.2025 |
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S.No |
FAQ’s |
ANSWERS |
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End Date will be modifiable in depositories system? |
Yes, the end date will be modifiable. Issuer can put a notional end date initially and once the board meeting date is decided it can be modified on basis of T-2 days. |
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Can pledge invoke happen during the tenure of PAN freeze? |
No, Pledge invoking is not allowed in tenure of PAN freeze, unless pledge is marked before the trading window closure period. |
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If there are multiple accounts, in both depositories whether both depositories freeze the PAN? |
Freezing is done on PAN – ISIN level basis, if client PAN have multiple accounts in both depositories, it will freeze on both depositories basis on the PAN uploaded in SDD data for DPs with Designated Depository only. The DPs details needs to be updated only with Designated Depository and not on both depositories. |
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Can depositories send intimation to DPs that PAN is freeze? |
Yes, respective depository will send SMS / e-mail to Demat account holder, but the issuers have to independently send intimation to their respective DPs about the same. |
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Is the freezing of PAN only the DPs or their immediate relatives also? |
Freezing will be done on PANs provided by respective issuers on portal whether PAN belongs to DPs or their immediate relatives. |
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FORMAT FOR SUBMISSION TO STOCK EXCHANGE
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BSE LIMITED The General Manager, The Corporate Relation Department, Phiroze Jeejoybhoy Tower, 44+ Floor, Dalal Street, Mumbai — 400 001 Scrip Code: |
NATIONAL STOCK EXCHANGE OF INDIA LIMITED Listing Department Exchange Plaza, Bandra Kurla Complex, -Bandra (E), Mumbai — 400 051 NSE Symbol: |
Dear Sir / Madam,
Sub: Closure of Trading Window
We would like to inform you that, in terms of Code of Conduct to Regulate, Monitor and Report Trading by Designated Persons adopted by the Company in pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 (as amended), the trading window for dealing with the Company’s Equity Shares by the Designated Persons and immediate relatives of these persons etc.,) shall be closed from April 1, 2025 till the expiry of 48 hours after the declaration of the Audited Financial Results of the Company for the quarter and year ending 31st March 2025.
During the aforesaid closing Trading Window period, the Designated Persons (“Code”), shall not trade in the Company's shares/securities.
The date of the Board Meeting for declaration of the financial results of the Company for the quarter ending 31st March 2025 will be intimated in due course.
Kindly take on record the above compliance.
Thanking you,
For (COMPANY NAME)
(DIRECTOR/CS)
(DIN)
DISCLAIMER: THE CONTENTS OF THIS DOCUMENT ARE PROVIDED BASED ON CURRENT PROVISIONS AND INFORMATION AVAILABLE. WHILE EVERY EFFORT HAS BEEN MADE TO ENSURE ACCURACY AND RELIABILITY, NO RESPONSIBILITY IS ASSUMED FOR ANY ERRORS OR OMISSIONS. USERS ARE ENCOURAGED TO REFER TO APPLICABLE LAWS AND REGULATIONS. THIS INFORMATION IS NOT TO BE CONSTRUED AS LEGAL ADVICE, AND NO LIABILITY IS ACCEPTED FOR ANY CONSEQUENCES ARISING FROM ITS USE.
From the desk of CS Sharath