The board of directors of Tech Mahindra Ltd. is set to convene on October 13 and 14 to review and approve the company’s audited financial results for the second quarter and half year, which ended on September 30. The audited results are slated to be declared on October 14.
In accordance with the Securities and Exchange Board of India’s (SEBI) Prohibition of Insider Trading Regulations, 2015, and the company’s internal code of conduct, a trading window closure has been put in place for designated persons. The closure, which began on October 1, is intended to prevent insider trading and will remain in effect until October 16.
The trading window is scheduled to reopen on October 17, 48 hours after the declaration of the results. This is a standard practice to ensure that all stakeholders have equal access to the company’s financial information, and to prevent any potential insider trading activities. By closing the trading window, the company is adhering to regulatory requirements and maintaining the integrity of its financial disclosures.
The upcoming board meeting and the subsequent declaration of the audited results are significant events for Tech Mahindra Ltd., as they will provide stakeholders with valuable insights into the company’s financial performance during the second quarter and half year. The results will likely be closely watched by investors, analysts, and other stakeholders, who will be looking for indicators of the company’s growth, profitability, and future prospects.
In the lead-up to the board meeting and the declaration of the results, the company has taken necessary steps to ensure compliance with regulatory requirements and to maintain the confidentiality of its financial information. The closure of the trading window is an essential measure to prevent insider trading and to ensure that all stakeholders have equal access to the company’s financial information. With the trading window set to reopen on October 17, stakeholders will be able to react to the company’s financial results and make informed investment decisions.