Chalet Hotels Limited has recently approved a revised Insider Trading Code, which was formalized during a Board meeting on November 4, 2025. This amendment serves to enhance the company's compliance with the Securities and Exchange Board of India (SEBI) regulations regarding the prohibition of insider trading. The updated Code for the fair disclosure of Unpublished Price Sensitive Information (UPSI) will be effective immediately and is set to be made available on the company’s official website. This step is critical as it aligns Chalet Hotels with regulatory requirements that mandate every listed entity to publish a code of practices and procedures for the fair disclosure of sensitive information.

The updated code revises previous iterations adopted by the Board, including amendments from March 29, 2019 and May 12, 2025. Under the new guidelines, the company emphasizes the need for maintaining confidentiality of UPSI and outlines the responsibilities of the Chief Investor Relations Officer (CIRO) and Compliance Officer in ensuring adherence to these regulations. The code clarifies definitions and roles regarding what constitutes a connected person and defines the circumstances under which sensitive information can be shared. This ensures that insiders and connected persons are clearly informed about their obligations and the legal ramifications of insider trading.

Chalet Hotels’ commitment to revising its Insider Trading Code reflects a proactive approach to corporate governance and transparency, which is crucial for maintaining investor trust and regulatory compliance. By implementing these measures, the company aims to protect itself against potential violations and promote a culture of ethical business practices. The emphasis on uniform dissemination of information and preserving the confidentiality of sensitive data underscores the importance of integrity in trading and maintaining fair market practices.