Rail Vikas Nigam Amends Insider Trading Code

Rail Vikas Nigam has taken a crucial step towards ensuring transparency and regulatory compliance by amending its code of conduct for insider trading. The amendment is aimed at preventing insider trading and maintaining the confidentiality of sensitive information. Key aspects of the amendment include:
- Appointment of a statutory auditor for the financial year 2023-24 to oversee the company's financial statements and ensure adherence to the audit framework for listed entities in India.
- Strengthening of the company's internal controls to prevent insider trading and maintain the integrity of the financial reporting process.
The move is expected to enhance investor trust and confidence in the company's operations, given the emphasis on transparency and compliance with regulatory requirements.