Arshiya Limited informed about Structured Digital Database SDD Compliance Certificate Under SEBI Prohibition of Insider Trading Regulations 2015 For The Quarter And Financial Year Ended On 31st March, 2026.
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Arshiya Limited has submitted a non-compliance certificate for Structured Digital Database (SDD) requirements under SEBI (Prohibition of Insider Trading) Regulations 2015. The Practicing Company Secretary Loveneet Handa & Associates has certified that the company does NOT have a Structured Digital Database in place. Key violations include: no SDD system exists, no control mechanism for access, five Unpublished Price Sensitive Information (UPSI) from previous quarter were not captured, no audit trail maintained, and the database cannot maintain 8-year records as required. The company was required to capture one event during Q4 FY26 but none were recorded due to the missing system. The certificate strongly recommends immediate remedial steps to establish SDD compliance. Arshiya Limited is under Corporate Insolvency Resolution Process since April 2024, with Resolution Professional Pankaj Mahajan overseeing operations.
This is a significant red flag for investors. The company has failed to comply with mandatory SEBI insider trading prevention norms, indicating weak corporate governance and internal controls. Combined with the ongoing insolvency process, this non-compliance increases regulatory risk and could negatively impact shareholder confidence.